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 enabling people to employ their skills and improve their quality of life. Every month we provide an overview of our new investments, which can be seen below.
Acumen Resilient Agriculture Fund II
Strengthening Africa’s climate-resilient agriculture
The Acumen Resilient Agriculture Fund II (ARAF II) is an impact investment fund supporting African agribusinesses that help smallholder farmers adapt to climate change, strengthen their livelihoods, and improve food security. Building on the success of ARAF I, the fund will expand beyond East and West Africa into North Africa and aims to reach at least 4 million additional farmers. FMO has committed USD 12.5 million to broaden smallholder farmers’ access to multiple services at the same time, such as finance, inputs, markets, and agronomy support. The investment will improve the resilience of Africa’s agriculture value chain and support smallholder farmers that are vulnerable to the effects of climate change.
PRAN-RFL Group
Supporting Bangladesh’s food value chains
PRAN-RFL Group is one of the largest agribusiness conglomerates in Bangladesh and a pioneer in contract farming, managing the country’s biggest contract farming network, which sources from 100,000+ farmers. FMO signed two new facilities with PRAN-RFL Group: a USD 20mln facility to Pran Agro Limited (PAL) and a USD 10mln facility to Banga Millers Limited (BML). The facilities will support PAL’s food processing platform and BML’s grains and staples activities, including investments in machinery and working capital linked to contract farming and agricultural inputs. Through the loans, FMO supports the strengthening of Bangladesh’s food value chains, contributes to more resilient rural incomes and food security.
Enerjisa Enerji Üretim A.S.
Energy transition in Türkiye
Enerjisa Enerji Üretim is one of Türkiye’s largest power producers, with a diversified portfolio of renewable and thermal assets and a track record of nearly 30 years. The company aims to increase the share of domestic and renewable sources in its installed capacity to 70 percent by 2030. FMO, the Dutch entrepreneurial development bank, has committed a USD 100 million loan, as a part of a broader USD 180 million financing package, with FMO acting as Lead Arranger and DEG contributing USD 80 million. The financing will support the development of three wind power plants with a combined capacity of 250 MW in the Muğla province. Once operational, the projects are expected to generate around 630 GWh of clean electricity annually and avoid approximately 220,000 tonnes of CO₂ emissions. The investment will contribute to Türkiye’s renewable energy targets, support the country’s transition towards a lower-carbon energy system, and strengthen energy security.
AccessBank Closed Joint Stock Company
Expanding inclusive finance in Azerbaijan
AccessBank is a mid-sized bank in Azerbaijan focused on micro, small and medium-sized enterprises (MSMEs) and retail customers and has been an FMO client since 2007. The new USD 75 million loan is a four-year, multi-currency facility that enables AccessBank to attract funding in Azerbaijani manat and US dollars. Through the loan, FMO provides stable medium-term funding to support the bank’s growing loan portfolio and strengthen its balance sheet. The full facility will finance microentrepreneurs, women-owned, youth-owned and agricultural SMEs, contributing to reduced inequalities and more inclusive economic growth.
Banco Macro Sociedad Anonima
SME loan portfolio expansion in Argentina
Banco Macro S.A. is one of Argentina’s leading private universal banks, with total assets of approximately USD 15.9 billion. The bank is distinguished by its strong regional footprint and focus on financial inclusion, serving a broad and diversified client base that includes individuals, SMEs and corporates. FMO has contributed a USD 20 million loan, aiming to increase Banco Macros's financing to target an expansion of its SME loan portfolio across the country. By supporting the development of SMEs, FMO contributes to Argentinian sustainable economic growth.
Zeta Banco S.A.E.C.A
The growth of agricultural businesses in Paraguay
Zeta Banco is a universal bank in Paraguay with over 35 years of history and a 2.3% share of total assets in the local banking sector. The institution plays a key role in supporting small and medium-sized enterprises (SMEs), which account for 80% of its loan portfolio. FMO has provided a USD 50 million senior loan to finance agricultural SME clients and to finance green investments, contributing to reduced inequalities, climate action and supporting sustainable economic growth and decent work.
BCT Bank International S.A
Embedding sustainable finance in Panama
BCT Bank International, S.A. (“BCT Bank”) is a universal private bank based in Panama. It is strongly focused on serving the SME and corporate segments, particularly within construction and real estate, commerce, and manufacturing. FMO has provided a USD 30 mln loan, where 60% of financing will be directed toward green loans, contributing to the design and deployment of sustainable finance services and products. The remaining 40% will support the bank’s broader SME lending, further enhancing access to finance for a key driver of the Panama economy. Through this transaction, FMO will support BCT Bank’s ongoing efforts to embed sustainable finance into its core business strategy and promote inclusive economic development in Panama.
