Yola Fresh Inc Tender

Website customer/investment
https://www.yolafresh.com/
Region
Africa
Country
Morocco
Sector
Agribusiness, Food & Water
Publication date
2/16/2024
Effective date
4/3/2024
Total FMO financing
USD 1.00 MLN
Funding
Ventures Program Africa EurNb
Environmental & Social Category
(A, B+, B or C)
B
Who is our customer
YoLa Fresh Inc. is a tech-enabled supply chain platform aiming to streamline the fresh fruit and vegetables sector in Morocco and across Africa, building an efficient distribution platform between farmers and retailers.

What is our funding objective
An equity investment is contemplated that will support the Company’s operational expenses during its expansion.

Why do we fund this investment
The Company leverages technology to set up an integrated and efficient distribution platform in Africa's fragmented fresh fruits and vegetable sector. Ultimately, reducing food waste and improving the circumstances for both smallholders and retailers.

What is the Environmental and Social categorization rationale
This is a Category B project on Environmental and Social Sustainability due to low environmental and social (E&S) risks associated with the secondary and tertiary agriculture activities of a small enterprise.