Home MLR Forestal de Nicaragua S.A. MLR Forestal de Nicaragua S.A. In brief Finnfund is providing a USD 10 million loan to finance the expansion project of MLR Forestal de Nicaragua, a forestry company operating teak and cocoa plantations. The company will sell most of its certified teak through international traders in Indian and other Asian markets. The fine cocoa produced is sold in the local Nicaraguan market, but global markets will be sourced as production continues to increase. MLR plans to expand its planted area by another 1,900 hectares to reach approximately 4,500 hectares. Main development impact Climate change mitigation, carbon capture Promotion of fauna through established corridors Promotion of formal employment opportunities Equal opportunities for women Contribution to the fight against deforestation and forest degradation. Investment details Name: MLR Forestal de Nicaragua S.A. Project number: 80000093 Region: Latin America and the Caribbean Country: Nicaragua Sector: Forestry Signing date (month/year): December 2019 Currency: USD Finnfund's financing (commitment): 10,000,000 Instrument: Mezzanine Size of the project financing: USD 25,500,000 Share of Finnfund's financing (%): 39 % Status: Active Website: http://mlr.com.ni/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.December Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: MLR Forestal de Nicaragua S.A. Sector: Forestry Region: Latin America and the Caribbean Country: Nicaragua Currency: USD Finnfund's financing (commitment): 10,000,000 Signing date (month/year): December 2019 Last update: December 2019