As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+ year proven track-record of empowering people to employ their skills and improve their quality of life. Each month we give an overview of the transactions we have signed.
Phuc Sinh Corporation
Sustainable coffee exporter in Vietnam
FMO signed a USD 15 million facility with Phuc Sinh, financed by DFCD and Building Prospects. The funding will support the construction of a new coffee processing factory and working capital for sustainable, traceable coffee sourcing. As a major promoter of Rainforest Alliance certified coffee and pepper, Phuc Sinh aims to double certified cultivation to over 7,000 hectares, supporting thousands of farmers to adopt sustainable, deforestation-free and climate-resilient practices, directly benefiting 10,000 individuals, including 3,800 from vulnerable groups. The transaction also strengthens the company’s ESG practices and highlights collaboration between FMO, DFCD, and SNV. It is labeled 28% Green and 20% Reducing Inequalities.
Zembo SAS
E-mobility in Uganda
FMO signed a transaction with Zembo SAS with Zembo’s Ugandan entity as beneficiary. Zembo is an e-motorbike company with operations currently focused in Kampala. In addition to selling e-motorbikes, Zembo also operates a network of battery-swapping and charging stations. We provided a bilateral senior loan of USD 1mln for Zembo to use in the acquisition of battery-swapping and charging stations components, thereby supporting the increase of e-motorbike usage and fleet in Uganda with the aim of displacing polluting carbon-based transport.
DAVR Bank Private Joint-Stock Commercial Bank
Mid-sized bank in Uzbekistan
DAVR Bank is a mid-sized Uzbek bank focused on micro, SME, and retail customers, serving over 146,000 active clients with a staff of approximately 900. A client of FMO since 2024, the bank will use the proceeds of a new dual-currency (USD and UZS) loan facility totaling USD 75 million—of which USD 50 million is committed and USD 25 million uncommitted—to finance eligible sub-loans. These sub-loans will target youth, female, agri-SMEs, and micro-entrepreneurs, with 100% of the facility also qualifying as eligible green projects. Of the committed portion, USD 24 million is mobilized from third-party investors.
Amartha
Indonesian microfinance fintech platform
FMO closed a USD 20 million facility with Amartha, a fintech platform in Indonesia that began as a microfinance institution in 2010. Amartha provides small loans to rural MSMEs, particularly those led by women. After acquiring a peer-to-peer lending license from Indonesia’s Financial Services Authority (OJK) in 2016, Amartha has distributed over IDR 12 trillion in capital to more than 1.7 million MSMEs across nearly all Indonesian provinces. FMO’s investment will support Amartha’s continued growth, contributing to Sustainable Development Goals (SDGs) 8 (Decent Work and Economic Growth) and 10 (Reduced Inequalities).
OCN Microinvest SRL
Leading microfinance institution in Moldova
FMO signed a EUR 20 million facility with Microinvest, comprising EUR 15 million committed and EUR 5 million uncommitted. As the leading microfinance institution in Moldova, Microinvest plays a key role in financing MSMEs—especially in rural and agricultural sectors, which make up over 30% of its gross loan portfolio. The funds, disbursed ahead of the agricultural season, will support the expansion of this portfolio. This initiative aligns with SDGs 8 and 10 and has received a 100% Responsible Investment (RI) label. FMO’s long-term funding is especially meaningful in Moldova, where such resources are scarce amid ongoing geopolitical challenges.
EcoEnterprises Partners IV L.P.
Impact-focused private equity fund in Latin America
FMO participated in the first close of EcoEnterprises Partners IV, a private equity fund managed by EcoEnterprises Impact Management. The fund targets equity and mezzanine debt investments in 15–20 nature-based, impact-driven SMEs across Latin America. These scalable businesses contribute to sustainable livelihoods and responsible natural resource use. This marks FMO’s continued partnership with a women-led fund manager in scope of the 2X Challenge. The fund’s focus on sustainable agriculture and nature-based solutions aligns closely with FMO’s climate objectives under Strategy 2030.
