News

July 1st
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FOUNT presents GFF

FOUNT presents GFF

On June 13, the Fashion For Good’s Innovation Fest took place and on June 22, the Planet Textiles 2019, ITMA Conference in Barcelona took place.

Bob Assenberg, partner of FOUNT and representing the Good Fashion Fund, participated in the break-out session during the Fashion for Good’s Innovation Fest in Amsterdam. He was part of the panel discussing the challenges and strategies with regard to financing of disruptive technologies in the apparel industry. Tanvi Karambelkar, Investment Manager for the Good Fashion Fund, was invited to discuss the opportunities and constraints of financing technological disruptions in the textile industry at Planet Textiles 2019, ITMA Conference, Barcelona. She was joined by Mr. Abhishek Bansal of Arvind, and Mr. Pete Santora of Softwear Automation. The Panel was moderated by Georgia Parker of Fashion for Good.

The picture above was taken during the Fashion For Good’s Innovation Fest.

July 1st
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BIX Capital and Envirofit

BIX Capital BV, a Fount partner, invested US$3m in a consortium of CERPD (a South Korean carbon project developer) and Envirofit International (a US based Clean Cooking company).

This consortium will deploy ~140k clean cookstoves in 5 countries in Sub-Sahara Africa (Kenya, Nigeria, Ghana, Cote d’Ivoire and Liberia).  BIX Capital investment is collateralized by the guaranteed offtake for carbon credits which Envirofit will realize and CERPD will convert into a new and innovative mechanism for the Korean ETS (Emissions Trading Scheme).  You can click here for more information on this newly established carbon trading scheme. CERPD has signed a carbon offtake agreement (ERPA) with a large power plant in Korea, which will offset up to 5% of its need for emissions reductions with internationally generated carbon credits. Envirofit stoves are clean and efficient, and belong to those designed with the “Voice of Customer” in mind. The deal was celebrated at the Innovate4Climate conference in Singapore in June.

June 17th
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BIX Capital in IFC Report

BIX Capital in IFC Report

Jeroen Blum (managing director of BIX Capital) was interviewed for the IFCs 2018 Social Impact Bond Report. Please go to page 8 and 9 of the Report to check out this interview!

IFC Social Bond Impact Report 2018

June 6th
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New employee Robert Blom

New employee Robert Blom

We are very happy to announce that as from today, Robert Blom is joining FOUNT!
Robert has a Masters degree in Development Economics and spent most of his career in impact finance. He worked for over 5 years for FMO, mostly in the Food and Agribusiness department, where he was an Investment Officer. He gained operational work experience in Africa, working for Heineken in the Republic of Congo and for a travel scale-up in Kenya, as their head of operations and finance. Before joining FOUNT, Robert worked as an Investment Manager at Aqua-Spark, an Agribusiness-focussed VC/PE fund and as an independent consultant to companies with a focus on emerging markets.

Click here to see the rest of our team.

April 26th
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Advising on affordable housing finance in Mozambique

Advising on affordable housing finance in Mozambique

FOUNT advised the Dutch government on affordable housing financing in Mozambique. First, the workshop ‘Finance for Affordable Housing’, part of the Beira Investment Conference 2018 and organized by FOUNT, was successfully delivered. The audience included a strong representation from local banks who gained interest in the Maraza affordable housing project. Second, FOUNT engaged into discussions with Mozambican banks on providing end user financing, with specific focus on the Maraza and the Inhamizua housing project in Beira (10 houses delivered in 2018). The Dutch Embassy in Maputo played an important role in setting up a round table discussion during which conclusions were drawn on the best business model for affordable housing as well as the key conditions for attracting end user finance.

Note that the cyclone Idaï resulted in damage to the houses (mainly the roofs), with repairs being reimbursed by the project financier. After the cyclone, individual property titles for the first houses have been obtained by the property developer Casa Real, an important milestone.  The impact of the cyclone has increased the need for affordable housing in Mozambique.

March 18th
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BIX invests in Impact Water LLC in Africa

BIX invests in Impact Water LLC in Africa

Recently BIX Capital invested in Impact Water LLC, a US based company selling water purification systems through its subsidiaries in Nigeria, Kenya, and Uganda. Access to clean drinking water is a critical issue across sub-Saharan Africa. Impact Water is dedicated to tackling this issue by scaling safe drinking water solutions in developing countries. The company sells, installs and maintains environmentally-friendly UV-based and chlorine-dispensing based water purification systems to schools. This helps schools to limit waterborne diseases among children (reducing the number of sick days per year), while avoiding burning firewood for boiling water and therefore offsetting CO2 emissions.

May 15th
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First closing BIX Capital successful

First closing BIX Capital successful

FOUNT is, as strategic partner and co-initiator, proud to announce the first closing of BIX Capital. The USD 15 million that has been raised in this round will be applied to provide (pre)-financing to a number of initiatives concerning clean and safe cooking, clean water and clean energy for African low-income households. BIX Capital will primarily target SME’s in Sub-Saharan Africa. In the following, press release the role of FOUNT and the vision of BIX Capital is further clarified by one of our important investors: IFC.

For further information see IFC BIX Capital press release. 

Picture: BioLite.

August 31st
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Assignment for research and development for ADALY

Assignment for research and development for ADALY

FOUNT works with Cardano Development on research and developing certified health credits based on health benefits measured by Avoided Disability Adjusted Life Year (ADALY), as measured by the Gold Standard. These credits could be used in relation to a development impact bond for result-based finance.

We are well positioned to undertake this assignment because of our existing mandate to support clean cooking solutions with our partner BIX Capital.

Picture: Rodney Rascona. All rights reserved.

August 24th
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Set-up of an innovative global institutional impact investment platform

Set-up of an innovative global institutional impact investment platform

Cardano Development is the incubator of a new institutional impact investment initiative, the Impact Loan eXchange (ILX), which aims to provide an innovative impact investment platform through which leading institutional investors, such as European pension funds, can co-invest with the global Development Finance Institutions in sustainable long-term loans in developing countries.

FOUNT is part of the project team setting-up this initiative.

June 28th
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Successful refinancing of several housing projects of DIGH

Successful refinancing of several housing projects of DIGH

FOUNT advised DIGH in the successful refinancing of several social housing projects in countries including South Africa, Montenegro, Macedonia, Armenia, Montenegro, Aruba and Romania.

No poverty

No poverty

Eradicating poverty is not a task of charity, it is an act of justice and the key to unlocking an enormous human potential. Still, nearly half of the world’s population lives in poverty, and lack of food and clean water is killing thousands every single day of the year. Together, we can feed the hungry, wipe out disease and give everyone in the world a chance to prosper and live a productive and rich life.

No hunger

No hunger

Hunger is the leading cause of death in the world. Our planet has provided us with tremendous resources, but unequal access and inefficient handling leaves millions of people malnourished. If we promote sustainable agriculture with modern technologies and fair distribution systems, we can sustain the whole world’s population and make sure that nobody will ever suffer from hunger again.

Good health

Good health

Over the last 15 years, the number of childhood deaths has been cut in half.This proves that it is possible to win the fight against almost every disease. Still, we are spending an astonishing amount of money and resources on treating illnesses that are surprisingly easy to prevent. The new goal for worldwide Good Health promotes healthy lifestyles, preventive measures and modern, efficient healthcare for everyone.

Quality education

Quality education

Education liberates the intellect, unlocks the imagination and is fundamental for self-respect. It is the key to prosperity and opens a world of opportunities, making it possible for each of us to contribute to a progressive, healthy society. Learning benefits every human being and should be available to all.

Gender equality

Gender equality

Gender bias is undermining our social fabric and devalues all of us. It is not just a human rights issue; it is a tremendous waste of the world’s human potential. By denying women equal rights, we deny half the population a chance to live life at its fullest. Political, economic and social equality for women will benefit all the world’s citizens. Together we can eradicate prejudice and work for equal rights and respect for all.

Clean water and sanitation

Clean water and sanitation

One in three people live without sanitation. This is causing unnecessary disease and death. Although huge strides have been made with access to clean drinking water, lack of sanitation is undermining these advances. If we provide affordable equipment and education in hygiene practices, we can stop this senseless suffering and loss of life.

Renewable energy

Renewable energy

Renewable energy solutions are becoming cheaper, more reliable and more efficient every day. Our current reliance on fossil fuels is unsustainable and harmful to the planet, which is why we have to change the way we produce and consume energy. Implementing these new energy solutions as fast as possible is essential to counter climate change, one of the biggest threats to our own survival.

Good jobs and economic growth

Good jobs and economic growth

Economic growth should be a positive force for the whole planet. This is why we must make sure that financial progress creates decent and fulfilling jobs while not harming the environment. We must protect labour rights and once and for all put a stop to modern slavery and child labour. If we promote job creation with expanded access to banking and financial services, we can make sure that everybody gets the benefits of entrepreneurship and innovation.

Innovation and infrastructure

Innovation and infrastructure

A functioning and resilient infrastructure is the foundation of every successful community. To meet future challenges, our industries and infrastructure must be upgraded. For this, we need to promote innovative sustainable technologies and ensure equal and universal access to information and financial markets. This will bring prosperity, create jobs and make sure that we build stable and prosperous societies across the globe.

Reduced inequality

Reduced inequality

Too much of the world’s wealth is held by a very small group of people. This often leads to financial and social discrimination. In order for nations to flourish, equality and prosperity must be available to everyone – regardless of gender, race, religious beliefs or economic status. When every individual is self sufficient, the entire world prospers.

Sustainable cities and communities

Sustainable cities and communities

The world’s population is constantly increasing. To accommodate everyone, we need to build modern, sustainable cities. For all of us to survive and prosper, we need new, intelligent urban planning that creates safe, affordable and resilient cities with green and culturally inspiring living conditions.

Responsible consumption

Responsible consumption

Our planet has provided us with an abundance of natural resources. But we have not utilized them responsibly and currently consume far beyond what our planet can provide. We must learn how to use and produce in sustainable ways that will reverse the harm that we have inflicted on the planet.

Climate action

Climate action

Climate change is a real and undeniable threat to our entire civilization. The effects are already visible and will be catastrophic unless we act now. Through education, innovation and adherence to our climate commitments, we can make the necessary changes to protect the planet. These changes also provide huge opportunities to modernize our infrastructure which will create new jobs and promote greater prosperity across the globe.

Life below water

Life below water

Healthy oceans and seas are essential to our existence. They cover 70 percent of our planet and we rely on them for food, energy and water. Yet, we have managed to do tremendous damage to these precious resources. We must protect them by eliminating pollution and overfishing and immediately start to responsibly manage and protect all marine life around the world.

Life on land

Life on land

A flourishing life on land is the foundation for our life on this planet. We are all part of the planet’s ecosystem and we have caused severe damage to it through deforestation, loss of natural habitats and land degradation. Promoting a sustainable use of our ecosystems and preserving biodiversity is not a cause. It is the key to our own survival.

Peace and justice

Peace and justice

Compassion and a strong moral compass is essential to every democratic society. Yet, persecution, injustice and abuse still runs rampant and is tearing at the very fabric of civilization. We must ensure that we have strong institutions, global standards of justice, and a commitment to peace everywhere.

Partnerships for the goals

Partnerships for the goals

The Global Goals can only be met if we work together. International investments and support is needed to ensure innovative technological development, fair trade and market access, especially for developing countries. To build a better world, we need to be supportive, empathetic, inventive, passionate, and above all, cooperative.