Media contacts
For questions about financing or funding possibilities, business offerings and acquisition, please use the contact form.
The numbers below are for media inquiries only.
Monica Beek
+31 6 46637868
M.Beek@fmo.nl
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.
InvesCore NBFI JSC
Leading non-bank financial institution in Mongolia
FMO has signed a USD 20 million loan (in local currency) with InvesCore NBFI JSC, a leading non-bank financial institutions 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.
TBC Bank JSC
Leading commercial bank in Georgia
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, FMO’s funding (USD 50mln GEL bond) will be on-lent to rural, agricultural, women-led, and youth-owned (M)SMEs. 20% of the funds will also be allocated to green projects, on a best-effort basis.
Terabank
Commercial bank in Georgia focused on SMEs
FMO has closed a EUR 20 million subordinated/ Tier II capital transaction with 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 proceeds are earmarked for micro and underserved SMEs with a 100% Reduced Inequalities label.
Kashf Foundation
Microfinance institution in Pakistan
FMO has signed a USD 15 million with Kashf Foundation, one of Pakistan’s leading microfinance institutions and a long-standing FMO client since 2017. The facility, funded by MASSIF, supports Kashf’s mission to improve opportunities for low-income women entrepreneurs through access to finance and capacity building. The proceeds will be directed to youth, rural, and agribusiness female sub-borrowers. This transaction is labelled 100% Reduced Inequalities.
Responsible Commodities Facility (RCF)
Sustainable soy financing initiative in Brazil
FMO has provided a USD 10 million facility to the Responsible Commodities Facility Fund, an innovative financing structure designed to incentivize soy farmers in the Brazilian Cerrado to commit to zero deforestation and no conversion of native vegetation. FMO’s investment, funded via MFF, was made in the junior tranche alongside Tesco, Sainsbury’s, and Waitrose with Agri3, Rabobank, and IDB Invest participating in the mezzanine and senior tranches. Over the coming year, RCF will finance 280 farms producing more than 240,000 tons of deforestation- and conversion-free soy, helping conserve approximately 90,000 hectares of native vegetation and protecting over 22 million tons of CO2e carbon stocks. This transaction is labelled 100% Green.
TOI Group
Agribusiness exporter in Moldova
FMO has committed USD 35 million to the 2025/26 Pre-Export Facility for TOI Group, a leading agribusiness headquartered in Moldova. TOI Group plays a significant role in contributing to food security in the Middle East and Africa by supplying staple foods such as corn, wheat, and sunflower oil. The facility, which represents an increase of USD 10 million compared to last year, reflects both higher expected crop volumes and increased commodity prices.
Mirova Sustainable Land Fund 2
Impact asset manager
FMO has successfully subscribed EUR 20 million in senior shares of the Mirova Sustainable Land Fund 2 SLP RAIF (MSLF2) as part of its second closing. MSLF2 is a 12-year closed-ended fund with a target size of up to EUR 350 million, currently being raised by Mirova, a leading French impact asset manager and long-standing partner of FMO in the agriculture and forestry sectors. The fund is designed to address the intertwined challenges of land degradation and climate change by investing in sustainable land management initiatives across selected countries. These include agroforestry, regenerative agriculture, and sustainable forestry practices aimed at restoring soil health, enhancing biodiversity, and improving carbon sequestration. This investment has been awarded both a 100% Green label and a 100% Reducing Inequality label, based on the 2X criteria, reflecting its alignment with FMO’s climate and inclusion objectives.
Sun King
Off-grid solar energy provider in Kenya
FMO is providing USD 10.4 million in local currency financing to Sun King, the world’s largest off-grid solar energy company. Sun King uses a pay-as-you-go solar model, enabling Kenyan households to access solar products through small and flexible mobile money payments. To date, the company has reached nearly 10 million customers, unlocking clean energy access for households with unreliable or no grid connection. This financing is part of a USD 156 million local currency securitization in which FMO, through the Dutch government’s Access to Energy Fund, participates in the mezzanine tranche. The transaction will support the acquisition of receivables, funding approximately 1.4 million solar products and smartphones, and enable Sun King’s continued scale-up in Kenya.
Dedougou Solaire SARL
Solar power project in Burkina Faso
FMO is investing in Dédougou Solaire SARL, a special purpose vehicle (SPV) established to develop, construct, operate, and maintain an 18MWp solar farm in Souri, near Dédougou and Ouagadougou, Burkina Faso. The total project cost amounts to EUR 20.7 million. FMO’s loan of EUR 11.2 million, provided through the Building Prospects Fund, catalyzes an additional EUR 6 million in concessional finance from the Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank Group. This project will contribute to Burkina Faso’s renewable energy transition and energy access objectives.