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.
FMO provided 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 (USD 30mln GEL bond) will be on-lent to rural, agricultural, women-led, and youth-owned (M)SMEs.
FMO has provided Banesco Banco Multiple a USD 20mln senior term facility that will be on-lent to small- and medium-sized enterprises (SMEs), microfinance institutions (MFIs), and eligible green projects. This loan will help Banesco to grow its SME portfolio and support financial inclusion and job creation. Moreover, the green tranche is on-lent to green projects, aimed at renewable energy and energy efficiency in the Dominican Republic
