IIX Growth Fund backs Green Enterprises Indonesia in first investment

IIX Growth Fund (IGF), backed by Singapore-based Impact Investment Exchange (IIX), has closed its first investment by injecting $475,000 into PT Green Enterprises Indonesia (GEI), according to an IGF statement on Wednesday. Founded in 2016, GEI is a producer of high-quality organic cold-pressed virgin coconut oil and coconut products on Simeulue Island. It has provided economic opportunity to local farmers by sourcing coconuts from them while actively promoting environmental and wildlife protection. IGF said that its investment will allow GEI to scale up its operations and improve the living quality of 4,300 people while saving the marine environment. �We are proud to be working with IIX and the Government and people of Aceh to bring sustainable investment to Aceh, Indonesia after a long period of conflict and the devastating 2004 Boxing Day Tsunami,� Luke Swainson, co-founder and CEO, GEI, said. The IIX Growth Fund was launched by IIX to make direct equity investments in impact enterprises in select under-served emerging and frontier markets in South and Southeast Asia. It focuses on investments that are either owned by women or have a significant positive impact on women, address climate change issues and enable access to healthcare, education and other critical needs for marginalized communities.

Read more at: https://www.dealstreetasia.com/stories/iix-growth-fund-green-enterprises-indonesia-91043/

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