La Finance pour Elle (Fin’Elle), a unit of the Côte d’Ivoire-based Groupe Cofina, recently borrowed EUR 5 million (USD 5.7 million) from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership. Fin’Elle Board President Marema Bao commented that the partnership will
Tag: FMO
MICROCAPITAL BRIEF: Medical Credit Fund Raises $37m from the Netherlands’ Government, Philips, European DFIs to Boost Financing for SMEs to Fight Malaria, Boost Maternal Health in Africa
Medical Credit Fund (MCF), one of the four nonprofit members of the Netherlands-based PharmAccess Group, recently raised a mix of equity and debt totaling EUR 32.5 million (USD 36.7 million) to “expand the Fund’s presence and support to healthcare providers in sub-Saharan Africa.” In particular, the new funding is slated for investment in
MICROCAPITAL BRIEF: Alliance Finance Raises $15m in Debt from FMO, Enabling Microfinance Fund (EMF) to Support Lending to MSMEs in Sri Lanka
Alliance Finance, which is based in Sri Lanka, recently received a loan package of USD 15 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, and the Liechtenstein-domiciled Enabling Microfinance Fund (EMF). FMO financed two thirds of the package, and EMF provided the remaining USD 5 million. The funding is earmarked for
MICROCAPITAL BRIEF: Northern Arc Capital to Provide Research, Modeling, Reporting Services to Nasira, FMO Program that Guarantees MSME Lending to Youth, Women, Migrants
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently finalized an agreement with Northern Arc Capital, an Indian financial firm, to support Nasira, a risk-sharing program through which FMO encourages retail financial institutions to lend to entrepreneurs in Africa and parts of Asia. In particular, Nasira guarantees lending to micro-, small and medium-sized enterprises whose owners fall into one or more of the following
MICROCAPITAL BRIEF: Khan Bank of Mongolia Borrowing $120m from FMO, Atlantic Forfaitierungs, DEG, IIB, PROPARCO – Part for MSME Loans, Green Capacity
Khan Bank, which serves individuals and companies of all sizes in Mongolia, recently agreed to accept a borrowing package of USD 120 million arranged by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership. FMO is funding
MICROCAPITAL BRIEF: IFC, FMO Loaning $50m to I&M Bank to Support SMEs in Kenya
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, along with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently announced a loan package of USD 50 million for I&M Bank Limited, which is owned by the Kenya-based I&M Group. The funds are intended to
MICROCAPITAL BRIEF: REGMIFA Raises $10m from FMO to Invest in MSMEs in Sub-Saharan Africa
Recently, the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), a fund that invests in micro-, small and medium-sized enterprises (MSMEs) in 19 countries, accepted an investment of USD 10 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership. The purpose of REGMIFA is to
MICROCAPITAL BRIEF: FMO Announces $6m Loan for Microfinance Institution Sembrar Sartawi of Bolivia to Support Climate Resilience, Growth of Small-scale Farmers
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently announced a loan of USD 6 million to support Bolivia-based microfinance institution (MFI) Institución Financiera de Desarollo Sembrar Sartawi. The Dutch Fund for Climate and Development (DFCD), a private entity managed by FMO, will fund the facility, aiming to boost the “climate-resilient economic growth [of] vulnerable smallholder farmers” through
MICROCAPITAL BRIEF: FMO Loans $10m to Bank Respublika to Support Women, Youth, Entrepreneurs Struggling with COVID-19 Pandemic in Azerbaijan
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently loaned the equivalent of USD 10 million in local currency as a senior term loan to Bank Respublika, a commercial institution in Azerbaijan. The funds are intended to reduce
MICROCAPITAL BRIEF: Ascent Rift Valley Fund II Raises $100m from Public, Private Investors for SMEs in East Africa
Kenya-based private equity firm Ascent Capital Africa recently secured USD 100 million at the first rolling close of its Ascent Rift Valley Fund II (ARVF II), surpassing the firm’s initial goal of USD 80 million. The funds will be invested in small and medium-sized enterprises (SMEs) in East Africa, targeting
MICROCAPITAL BRIEF: Incofin Assists SOPROCOPIV Coffee Cooperative with Fairtrade Certification, COVID-19 Adjustment in Democratic Republic of Congo (DRC)
Incofin, an investment management firm based in Belgium, recently launched a technical assistance project for Solidarité pour la Production et la Commercialisation des Produits Industriels et Vivriers (SOPROCOPIV), a coffee cooperative in the Democratic Republic of Congo (DRC). The goal is to help SOPROCOPIV become certified by Germany’s Fairtrade International by
MICROCAPITAL BRIEF: Northern Arc Borrows $25m from FMO to Fund Institutions Serving Women, MSMEs in India
Northern Arc Capital Limited, a non-banking financial company (NBFC) in India, recently received USD 25 million in debt financing from the Dutch development bank Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO). The funding will enable Northern Arc to boost its support of institutions that serve micro-, small and medium-sized enterprises (MSMEs), particularly those
MICROCAPITAL BRIEF: Ecom Borrows $200m for Agricultural Value Chains from DFIs, Arranged by FMO
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently arranged a 7-year financing deal of USD 200 million for Ecom, a corporation based in Switzerland that specializes in the trading and processing of coffee, cocoa and cotton. The deal is 30-percent funded by FMO, with the remainder coming from
MICROCAPITAL BRIEF: Samunnati Borrows $12m from FMO, Triodos to Boost Agricultural Producer Organizations, SMEs in India
Samunnati, a non-banking financial company in India dedicated to the agricultural sector, recently borrowed EUR 5 million (USD 6.1 million) each from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a development bank controlled by the Dutch government, and Triodos Investment Management (Triodos IM), a subsidiary of Netherlands-based Triodos Bank, for on-lending to farmer producer organizations (FPOs) and small and medium-sized enterprises (SMEs) in the agricultural sector. Triodos IM is disbursing the funds from
MICROCAPITAL BRIEF: Equity Bank Kenya Secures $50m Nasira Loan Guarantee from FMO for COVID-19 Support to Agricultural MSMEs Led by Youth, Women
Equity Bank Kenya, a Kenya-based bank focused on micro-, small and medium-sized enterprise (MSME), recently signed an agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, whereby FMO’s Nasira Risk Sharing Facility will guarantee USD 50 million in lending by Equity Bank Kenya. This lending is meant to help agricultural MSMEs run by female and young entrepreneurs
MICROCAPITAL BRIEF: FMO Loans $25m to Aklease to Support Renewable Energy in Turkey
The Netherlands Development Finance Company, a public-private partnership also known by its Dutch acronym FMO, recently loaned USD 25 million to Aklease, a leasing subsidiary of Turkish bank Akbank, to be used for solar energy projects. Through this loan, Aklease aims to increase the “green” portion
MICROCAPITAL BRIEF: Nasira Guaranteeing $35m in Digital Lending by Sasfin to SMEs Owned by Migrants, Women, Youth in South Africa from Emergency COVID-19 Facility Funded by EU, FMO
The Netherlands Development Finance Company, a public-private partnership also known by its Dutch acronym FMO, recently selected Sasfin Bank of South Africa to be the first beneficiary of an emergency risk-sharing facility intended to counter the impacts of the COVID-19 pandemic. The facility is part of FMO’s Nasira fund, which guarantees bank loans to
MICROCAPITAL BRIEF: FMO Loans $5m to Husk Power Systems for Renewable Energy Generated from Biofuels, Distributed via Minigrids in Rural India, Tanzania
The Netherlands Development Finance Company, a public-private partnership also known by its Dutch acronym FMO, recently disbursed a loan of USD 5 million to Husk Power Systems, an India-based startup that builds small-scale electricity generation and distribution networks in rural areas of India and Tanzania. These minigrids use biofuels