The Armenian bank Araratbank and Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO) recently agreed to expand their risk-sharing facility by USD 10 million. FMO’s portion of the commitment is from its Nasira Fund, which guarantees
Tag: Nasira
MICROCAPITAL BRIEF: I&M Bank of Kenya Secures $15m Guarantee from FMO to Support MSME Growth
Investment and Mortgages (I&M) Bank, a subsidiary of Kenya-based I&M Group, recently signed an agreement with Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, whereby FMO will deploy a guarantee from its Nasira risk sharing facility to encourage USD 15 million in lending by I&M Bank to
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: 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: 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