GREENLAND FEDHA LIMITED

FMO is providing a US$7.5mln top-up loan to the existing MASSIF facility to Greenland Fedha Limited (GFL) to support the increase in the loan portfolio, to reach more farmers and to invest in a mobile platform to reduce the loan turnaround time. The top-up is financed from FMO's own balance sheet. FMO's financing will enable GFL to realize its potential of reaching 600,000 smallholder tea farmers, who cultivate over 100,000 hectares in prime tea-growing areas. Availability of reasonably priced funds in rural areas will allow for investment in higher and more sustainable production, increased revenues and increased spending on education.