News

FMO and dfcu Bank sign 7M Euro loan facility to support SMEs in Uganda

FMO and dfcu Bank have signed a 7M Euro long term facility for Small and Medium Enterprises in Uganda. This facility will boost the efforts of privately owned SMEs in the sectors of education, healthcare, water, renewable energy, transport, housing and agriculture. 

Mr. Juma Kisaame, Managing Director of dfcu Bank said this facility is available in Uganda shillings for a minimum tenor of 4 years. “As providers of development finance, we’re delighted with FMO for continually supporting dfcu Bank. Together, we are committed to offering financial solutions that will lead to improvements in Uganda’s social infrastructure, thus building a stronger economy”.  Since 2003, FMO has advanced 26M Euros to dfcu in 4 different credit lines. 

Mr. Dave Smit, FMO’s Manager Structured Finance Energy said FMO strongly believes in financing SMEs in the infrastructure sector in Uganda as they are the engine for growth of the economy. “Dfcu has a proven track record in this regard. This new facility within the longstanding dfcu-FMO relationship states FMO’s unaffected confidence in dfcu’s ambitions and growth potential. We expect FMO’s support to enable dfcu to provide the best support and advice to SME customers in the infrastructure sector now and in the future.”

Press contact dfcu:  

Susan N. Nkugwa – Head of Marketing,

Tel - 0312 300 385

Email - SNsibirwa@dfcugroup.com

About FMO:

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 3.4 billion, FMO is one of the largest bilateral development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.

Press contact FMO:

Nicoline van Slingelandt

Communications Officer (PR)

T: +31 70 314 9790

M: +31 622 563 047

E: n.van.slingelandt@fmo.nl