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

Lof Magazine publishes interview with director Bernadette Blom of the Good Fashion Fund

March 17th

Lof Magazine has published an interview with Bernadette Blom, director of the Good Fashion Fund. The article ‘Schone Kleren’ (in Dutch) is featured in the Lof Magazine special edition about female leadership and sustainability in the Dutch financial sector.

Read the article ‘Schone Kleren’

Bernadette Blom nominated for Top 50 Women in Sustainable Finance 2022

March 8th

Lof Magazine and WIFS have selected FOUNT’s Founding Partner Bernadette Blom as one of the ‘Top 50 Women in Sustainable Finance 2022’.

It is the first time that Lof Magazine puts the spotlight on the relationship between female leadership and sustainability within the financial sector.

As a director of the Good Fashion Fund, Bernadette focuses on profound sustainable changes within the apparel and textile industries in emerging countries by impact investing. FOUNT is investment manager of the Good Fashion Fund.

👉See the list of nominees ‘Top 50 Women in Sustainable Finance 2022’

AGRI3 launches Sector Paper on how to mobilise commercial fundings for sustainable development in Brazil

March 4th

How can commercial bank funding be mobilised to finance forest conservation and sustainable agriculture in Brazil? Read how in AGRI3 Fund’s Sector Paper on Brazil, developed in collaboration with IDH, The Sustainable Trade Initiative.

In partnership with IDH and Rabobank, AGRI3 is working in Brazil to support the mobilisation of commercial finance towards sustainable production in key agri-commodity sectors – soy and beef. Together, the partners have analysed the critical interventions and financing needs in the soy and beef sector, the current practices and initiatives already applied in an attempt to overcome them, and the levers available to scale up and to help more producers to move faster to practices that conserve forest areas, implement sustainable agriculture and support rural livelihoods.

The AGRI3 Sector Paper summarises these findings, providing details of intervention areas and examples of potential financing models to mobilise finance in each.

Read the Sector Paper: “Supporting the mobilisation of funds from commercial banks to finance forest conservation and sustainable agriculture in Brazil”.

FOUNT advises Wangara Green Ventures, a first-time fund manager from Ghana

February 16th

FOUNT is pleased to announce that the Dutch Good Growth Fund through the Seed Capital and Business Development (SC & BD) programme has approved investment into Wangara Green Ventures. FOUNT was commissioned by Triple Jump as advisory consultants to Wangara Green Ventures and SCBD to help Wangara optimize its fund model and fundraising strategy. This investment will help in financing small and growth business in Ghana in the missing middle segment.

👉Read more