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 (MI) is a microfinance company providing competitive financial products to MSMEs (sole proprietors, agricultural individual enterprises, cooperatives, Savings and Credit Associations (SCAs), and informal rural groups), all of which fall beyond the scope of traditional banking due to lack of collateral, insufficient credit track record and perceived high credit risk.
What is our funding objective?
Since 2013, growth at MI has flattened out, the arrears started to increase, and operational profitability suffered. Operational issues the company is facing have been identified in the areas of lending productivity, credit risk and staff management. This project focuses on improvements in these areas of operations.
Why do we fund this investment?
The strategy of MI fits well with FMO’s aim to enhance inclusive development and economic growth. The company serves customers neglected by traditional banks in urban and rural areas and increasingly focuses on the agro sector (27%), thus contributing to the country’s economic and social development. By providing this CD-funding, FMO supports MI to improve its operational performance which will enable the company to serve its customers in a more sustainable and enhanced manner.
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 |
| 10/18/2019 | EUR 5.00 MLN |
- Website customer/investment
- http://www.microinvest.md
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Financial Institutions
- Effective date
- 8/19/2015
- End date
- 9/1/2016
- Total FMO financing
- EUR 0.02 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