AGRI3 Fund and Rabobank launch initiative “Renova Pasto”

January 18th

AGRI3 Fund and Rabobank have launched a new initiative “Renova Pasto” in Brazil which will support the renovation of degraded pasturelands and accelerate forest conservation. A 10 year loan product from Rabobank and AGRI3 Fund will enable farmers to restore the health of their pastureland whilst simultaneously accelerate their compliance with the Brazilian Forest Code. A great blend of soil restoration, forest protection and higher production!

Watch the video to learn more

Read the Press Release here

Solar panel installation at a Pratibha Syntex Limited facility. Image by Nitya Work

First investment of Good Fashion Fund demonstrates impact

December 5th

The Good Fashion Fund jointly with its expert partners Fair Wear Foundation and Sphera, had its first on-site monitoring visit in December 2022. The investment is already showing fruitful results and positive financial, environmental and social impact in Pratibha’s spinning, processing and garmenting divisions. The impact of the investment is above expectations, according to Bernadette Blom, director of The Good Fashion Fund. This investment is in line with the goal of the Good Fashion Fund, working towards a more restorative and regenerative apparel supply chain.

Read the press release
Good Fashion Fund’s first investment demonstrates impact

GFF-directors highlight the importance of turning words into action

November 28th

United Nations Environment Programme (UNEP) and the non-profit Global Fashion Agenda (GFA) have launched the Fashion Industry Target Consultation to agree on targets to help the fashion sector transition towards a net-positive industry. Bernadette Blom and Bob Assenberg, partners at impact investment firm FOUNT which manages the Good Fashion Fund, have shared their insights in an interview on Impact Investor: “We feel it is important that all stakeholders, including the brands go beyond words, and actually support manufacturers in their supply chains to become more sustainable.”

Read the article UN-backed global consultation on how to make fashion industry net-positive launched

New BIX 2 fund releases video

November 15th

BIX Capital believes that no woman or child should suffer from a lack of access to clean and improved technologies for cooking. On 14th November 2022, the second fund, BIX 2 (USD 80m), was showcased by The World Bank in the COP27. BIX’s Investment Advisor Samira Saidi explains the success of the first fund, BIX Capital, and how the new fund, BIX 2, will monetise wider impact benefits in addition to gender and health, fight climate change and continue to accelerate the finance SMEs in the Global South.

BIX is an initiative of Cardano Development, Shell Foundation and FOUNT.
FOUNT is investment manager of the BIX Fund.

GFF back in India to amplify it’s sustainability initiatives

September 14th

The Good Fashion Fund is back in India! FOUNT’s team member Jayanth Kashyap is in Tamil Nadu for an ongoing due diligence of a leading textile manufacturer.

The company is seeking to amplify it’s best-in-class sustainability initiatives through GFF’s potential support focused on upgrading and replacing legacy production equipment. This is expected to create significant consumption savings across energy, water and materials usage while ensuring fair working conditions for the factory workers.

GFF is an investment vehicle initiated by Fashion for Good and Laudes Foundation, managed by FOUNT. Read more on the website of Good Fashion Fund

Innovative finance

July 14th

Banking On A Theory Of Change

A partner of FOUNT is Cardano Development, an Amsterdam-based fund manager that has created innovative financial business concepts in emerging markets. Cardano Development, FOUNT and Shell Foundation jointly initiated BIX Capital. An article in TheInnovator features BIX Capital and the principles of Cardano Development. Read the article “Banking On A Theory Of Change“.

The Economist highlights Innovating Justice Fund in article about declining respect for law

June 16th

An interesting article in The Economist puts the global trend that respect for the rule of law is in decline. This is not only the impression of anyone following current affairs, the trend is also backed by data of the annually compiled Rule of Law index of the World Justice Project (WJP).

Every year an estimated 1bn people encounter cases of injustice of which 70% will never see the problem resolved; some 30% will not feel sufficiently empowered even to seek a resolution.

In the article the Innovating Justice Fund, recently launched by Hiil and FOUNT, is featured as one of the initiatives to enlarge people’s access to justice.

Read the article

The pandemic has accelerated a global decline in the rule of law. But it has also brought some needed change to the way justice is administered.

(available for subscribers of The Economist)

FOUNT and Hiil launch the Innovating Justice Fund

June 1st

FOUNT and HiiL have today launched the Innovating Justice Fund which strives to provide equal access to justice for all. The Innovating Justice Fund will address the justice gap by providing funding and technical assistance to early–stage start-ups that deliver innovative justice services in emerging markets. The Fund’s main ambition is to contribute to people-centered justice services at scale through this blended capital structure.

Read the press release

Impact Investor features BIXs’ clean cooking and water solutions to Africa’s poorest

May 11th

Impact Investor has published an interview with BIX Capital ’s Managing director Jeroen Blum and director Bernadette Blom. The pair explain how the concept for BIX Capital came about and how BIX Capital aims to improve living conditions for those at the bottom of the wealth pyramid, providing debt financing to SMEs offering clean cooking, energy and water solutions to low-income households in sub-Saharan Africa.

Read the article

BIX Capital and FMO jointly provide a USD 10 million facility to CQC

April 11th

BIX Capital and The Dutch Entrepreneurial Development Bank (FMO) are jointly providing a USD 10 million facility to C-Quest Capital to further strengthen its Clean Cooking activities in Sub-Saharan Africa.

For many years, BIX Capital has provided loans to C-Quest Capital (CQC), a successful social impact project developer providing transformational carbon projects, including clean cooking – which improves the livelihoods of families at the Base of Pyramid.

This new USD 10 million facility will enable CQC to further invest in its clean cooking program in Sub-Saharan Africa (SSA). As a result of funding from this facility and other sources of capital, a total of 7 million households will receive CQC’s double cookstoves by 2026, reaching c.28 million people in over 15 SSA countries including Zambia, Malawi, Kenya, Uganda, Zimbabwe, Mozambique, Tanzania and Angola. Furthermore, this investment will deliver substantial Climate Impact: the total GHG avoided until 2026 will accumulate to 140 million tCO2e.

According to the latest IEA data, more than 2.6 billion people lack access to clean cooking, relying instead on firewood, kerosene or coal as their primary cooking fuel. The lack of access to clean cooking remains very acute in Sub-Saharan Africa where the number of people without access is increasing as population growth outpaces provision efforts. Almost 490,000 annual premature deaths are related to household air pollution from the lack of access to clean cooking solutions, with women and children the worst affected. Forest degradation and deforestation is another serious consequence of the unsustainable harvesting of fuelwood.

The Dutch Entrepreneurial Development Bank (FMO) has been a cornerstone investor in BIX Capital since 2018 and has supported in BIX’s Carbon Receivables Finance proposition. FMO provides the funding to both BIX and CQC through the Access to Energy Fund (‘AEF’), a fund FMO manages on behalf of the Dutch Ministry of Foreign Affairs.

BIX brought FMO to the table to realize the first co-investment opportunity between the two parties. By partnering with BIX and CQC, FMO has closed an impactful investment in the Clean Cooking sector, an important subsector within FMO’s Energy strategy.

For more information, journalists are welcome to contact:
BIX Capital | Maria-Pia Kelly | | T +31 6 828 251 39
FMO | Josh Asmah | | T +31 70 314 9455
C-Quest Capital | [x] | jx] | T [x]

About FMO
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a close to 50-year proven track-record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 12.5 billion spanning over 85 countries, FMO is one of the larger bilateral private sector developments banks globally. For more information: please visit

About BIX Capital
BIX Capital B.V. is an Investment Vehicle based in the Netherlands, which is a partnership of FOUNT (, Cardano Development ( and the Shell Foundation ( Since inception in 2016 BIX Capital has fully deployed its available capital and supported 10 social enterprises with a unique in-house developed Carbon Receivable Finance instrument. The resulting investor returns, both in terms of impact and financial values, are confirming the envisioned risk return profile and are still accumulating. BIX Capital has reached over 13 million people in the Base of the Pyramid and avoided over two million tonnes of CO2 emissions. Currently BIX II is being launched with the support of current investors, fostering the successful track record and the expert team with in-depth knowledge of the market of tradable SDG impact credits and outcomes. This provides an opportunity for institutional and impact investors to further scale social and environmental (SDG) impact at the BoP. For more information: please visit

About C-Quest Capital
C-Quest Capital is a world leading carbon project developer with a track record of delivering transformative carbon projects across Sub-Saharan Africa, South-East and South Asia, and Central America. CQC’s mission is to catalyze a sustained transition to a climate resilient future for communities whose health and economic welfare is at risk from climate change. Our activities focus on the distributed energy and land use sectors: providing access to sustainable and clean energy solutions, thereby reducing greenhouse gas emissions, combating global climate change, and improving the health and wellbeing of women and children. CQC was founded in 2008 and is headquartered in Washington D.C., USA, with subsidiaries in India, Malaysia, Singapore and Australia, and on-the-ground teams in Malawi, Kenya, Zambia and Cambodia, and active carbon projects in over 17 countries. For more information on C-Quest Capital, please visit