FMO and FMO Investment Management are providing a USD 45 million senior loan to the ALCB Fund to strengthen long-term local currency financing across Africa. The Fund anchors bond issuances that promote financial inclusion, MSME financing, renewable energy, and agriculture. Through its activities, the Fund supports the development of local capital markets and encourages participation from African institutional investors. Click here to read more about this investment.
FMO is providing a Technical Assistance Grant to Annapurna Finance Pvt. Ltd., a portfolio company of FMO’s investee, the Accion Digital Transformation Fund, to support their participation in our Climate Resilience Pilot Program. This partnership will enable Annapurna to strengthen its climate risk response and deliver innovative financial and non-financial solutions for base-of-the-pyramid clients most vulnerable to climate shocks.
FMO is providing a USD 25 million senior unsecured loan to Banco CMF, a trusted SME-focused bank in Argentina. The financing will help CMF extend longer-term loans to SMEs (70%) and green projects (30%). This supports CMF’s strategy to expand beyond working capital and meet growing investment needs. The renewed partnership reflects confidence in Argentina’s economic stabilization and CMF’s local impact. Click here to read more about this investment.
FMO is providing a USD 65 million 4-year multi-currency loan to Bank Respublika to support micro-entrepreneurs, women, and youth-led SMEs and agricultural SMEs in Azerbaijan, contributing to FMO’s Reducing Inequalities target. The facility offers stable, medium-term funding in both local currency (AZN) and USD, helping to strengthen the bank’s balance sheet. Additionally, 25% of the loan will be allocated to eligible green projects, supporting FMO’s Climate Action target. This investment reinforces FMO’s long-standing partnership with Bank Respublika, which began in 2006. Click here to read more about this investment.
FMO celebrated its upcoming partnership with Savannah Impact Advisory to support the launch of the Ci Gaba Fund, a pioneering fund of funds designed to unlock local capital for SMEs in West Africa. FMO is contributing a USD 1,250,000 Development Contribution Grant, joining FSD Africa and SmallFoundation, who are participating as Limited Partners with a combined commitment of USD 20 million. Through this partnership, Ci Gaba will catalyze investments from Ghanaian pension funds into SME-focused funds managed by both emerging and experienced fund managers. The fund addresses the financing gap for entrepreneurs by providing patient capital and technical assistance, enabling them to start and scale their businesses. It also strengthens the local investment ecosystem by building fund manager capacity and mobilizing domestic institutional capital.
FMO, supported by DFCD, and OeEB are jointly providing USD 20 million and EUR 10 million to the Hivos-Triodos Fund to finance MSMEs in Africa, Asia, and Latin America. The facility targets businesses at the intersection of agribusiness and energy that are currently underserved in terms of financing. This investment supports climate adaptation, inclusive economic growth, and improved livelihoods, aligned with SDGs 8, 10, and 13. It strengthens FMO’s strategic partnerships and enables DFCD to onboard new clients and impactful projects. Click here to read the press release.
FMO is providing a USD 20 million loan (in local currency) to InvesCore NBFI JSC, a leading non-bank financial institution in Mongolia. Established in 2016, InvesCore is recognized for its innovative digitalized credit scoring and financial solutions, and plays an important role in expanding access to finance in the country. The proceeds of the loan will be allocated to green projects as well as to micro, women, youth, agriculture, and rural SMEs. This transaction carries a 10% Green and 90% Reducing Inequalities label. Click here to read more about this investment.
FMO is providing long-term funding to JSC CREDO Bank in Georgian Lari (GEL) to support its continued growth and align with the National Bank of Georgia's de-dollarization strategy. With a growing need for long-term financing in local currency to support sustainable economic development in Georgia, FMO’s funding (GEL Bond of GEL 80mln, equivalent to USD 30mln) will be on-lent 100% to micro and underserved SMEs (women, youth, agriculture). Click here to read more about this investment.
FMO is providing a EUR 20 million subordinated/ Tier II capital transaction to Terabank, a long-standing client in Georgia. Terabank primarily serves smaller SMEs, which remain underserved by the country’s two largest banks. With the National Bank of Georgia regularly increasing capital requirements, Tier II capital remains scarce. This new facility will allow Terabank to grow its SME portfolio over time. The loan is 100% earmarked on a best-effort basis for underserved SMEs (women, youth, agri). Click here to read more about this investment.
FMO is providing a USD 15 million loan to Kashf Foundation, one of Pakistan’s leading microfinance institutions and a long-standing FMO client since 2017. The facility is funded by MASSIF, a fund managed by FMO on behalf of the Dutch government, and supports Kashf’s mission to empower low-income women entrepreneurs through finance and capacity building. The proceeds will be directed to youth, rural, and agribusiness female sub-borrowers. This transaction is labelled 100% Reduced Inequalities. Click here to read more about this investment.
FMO has invested USD 10 million through MASSIF—managed on behalf of the Dutch government—into Class B shares of Lendable’s MSME Fintech Credit Fund 2. This first-loss investment plays a critical anchoring and catalytic role, enabling the fund to mobilize DFI and commercial capital into senior tranches. The fund provides access to credit for fintechs serving underserved MSMEs in Africa, Asia, and Latin America. This 100% Reducing Inequalities investment supports inclusive finance through a blended public-private capital structure. Click here to read more about this investment.
On this occasion, the parties involved mark the first upcoming disbursement to SeABank in Vietnam. Under the Friendship Facility led by Proparco, FMO and Proparco are jointly providing USD 80 million in senior unsecured debt to SeABank in Vietnam. The funds will be used for onward lending to women-led SMEs (50%), general SME (40%), and qualifying green projects (10%). This supports SeABank’s sustainable development strategy and promotes financial inclusion and climate action. The investment expands FMO’s Vietnam portfolio and strengthens its partnership with a listed, mid-sized commercial bank. Click here to read more about this investment.
FMO provided long-term funding to JSC TBC Bank (Georgia) in Georgian Lari (GEL) to support its continued growth and align with the National Bank of Georgia's de-dollarization strategy. With a growing need for long-term financing in local currency to support sustainable economic development in Georgia, 100% of FMO’s funding (USD 50mln GEL bond) will be on-lent to rural, agricultural, women-led, and youth-owned SMEs, as well as 20% of the funds will be also allocated to green projects, on a best-effort basis.
