IM OMF MICROINVEST SRL
Status: Completed investmentWhy disclosure?
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In case of questions
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
Microinvest is a microfinance company active on the financial market of the Republic of Moldova, licensed as a Payment Institution by the National Bank of Moldova. The Company was founded in 2003 and it is one of the largest MFI by assets in Moldova. The institution provides its services through 14 branches, the majority of which are based in rural areas. FMO provided its first loan to Microinvest in 2008, renewing the relationship in 2014 with a new loan.
What is our funding objective?
By supporting Microinvest, FMO helps facilitating access to finance for micro entrepreneurs, mainly in the agricultural sector. By providing finance to micro clients, Microinvest promotes economic growth amongst the low-income population. These small entrepreneurs receive an average loan of USD$ 2,500. The vast majority of the clients employ less than 10 employees.
Why do we fund this investment?
FMO’s financing is used for on-lending to Moldovan entrepreneurs, to a large extent in the agro-sector. It will enable micro entrepreneurs to develop their businesses and improve their livelihoods. By providing long-term finance to an institution operating in a difficult economy, FMO enables Microinvest to continue promoting access to finance for micro entrepreneurs.
More investments
| Date | Total FMO financing |
|---|---|
| 4/14/2023 | EUR 15.00 MLN |
| 4/25/2019 | EUR 3.00 MLN |
| 8/14/2023 | EUR 4.00 MLN |
| 3/1/2018 | EUR 0.02 MLN |
| 9/1/2016 | EUR 0.02 MLN |
- Website customer/investment
- http://www.microinvest.md
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Financial Institutions
- Effective date
- 9/29/2014
- End date
- 10/18/2019
- Total FMO financing
- EUR 5.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C