UNTU MICROFINANCE (PVT) LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Untu Holdings is a microfinance institution founded in 2009, and offering loans, savings and insurance products to micro-, small- and medium-sized enterprises (MSMEs). Untu Holdings has six branches, located in Harare and in four towns across southern Zimbabwe. As of July 2014, Untu has a loan portfolio of US$ 3.1 million and over 5,000 of active clients.
What is our funding objective?
FMO will provide a capacity development grant, which will be used for reviewing and refining the credit risk management processes, skills transfer to Untu staff (including the mentoring and coaching of senior management and with a focus on operations) and strengthening of core IT capabilities.
Why do we fund this investment?
FMO invests capacity development resources with the aim of strengthening a microfinance institution in a difficult country, and thereby increase financial inclusion in Zimbabwe.
- Website customer/investment
- http://www.untu-capital.com
- Region
- Africa
- Country
- Zimbabwe
- Sector
- Financial Institutions
- Effective date
- 11/10/2014
- End date
- 6/19/2019
- Total FMO financing
- EUR 0.09 MLN
- Funding
- MASSIF