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The Meloy Fund – Financing the Transition to Sustainable Fisheries
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The Meloy Fund for Sustainable Community Fisheries is an impact investment fund that incentivizes the development and adoption of sustainable fisheries by investing in small and medium-sized enterprises (SMEs) that support the recovery of coastal fisheries in Indonesia and the Philippines. In doing so, the Fund and its investees pursue a triple bottom line strategy: ensuring positive financial, social, and environmental outcomes.
Companies that impact the coastal fishery need to respond to long-term stresses on their supply chains, uncertain regulatory environments, and shifting consumer tastes. To compete, these SMEs need both capital and a partner to help them transition their business models for sustainability and financial success. In this way, the Meloy Fund brings a comprehensive partnership that transforms the businesses in which we invest, sustains the natural resources on which they depend and ensures that a portion of business returns benefit local fishers.
Impacts
Economic:
- The Fund has invested $6.1 million of its commited capital and over $380K in technical assistance funding in 6 portfolio companies and their supply chain.
Social:
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Through the investment, the Fund is increasing investees’ capacity to source from a larger number of fishers.
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Through the Technical Assistance Facility (TAF), the Fund is supporting a smaller sub-set of those fishers to adopt best practices that can create a higher income increase with the ability to scale to other fishers.
Environmental:
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For investees that is already pursuing a sustainability standard like Fishery Improvement Project (FIP), the Fund is increasing the total catch landings and improving the implementation of those FIP.
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For investees that is not, the Fund's Technical Assistance Facility (TAF) is supporting the fishery to be on a pathway towards a FIP or other sustainability standards.