ACCESS MICROFINANCE HOLDING AG
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
Microfinance Organization Credo (CREDO), a subsidiary of Access Microfinance, is Georgia's largest microfinance institutions. It has a wide regional outreach via 59 branches and specialized products serving the needs of Georgian micro businesses, most of them active in agriculture and rural areas. CREDO's mission is to provide sustainable financial services to low-income Georgian entrepreneurs.
What is our funding objective?
FMO aims to support CREDO by developing SME lending and retail operations, which will form part of CREDO's transformation into a fully-fledged bank.
Why do we fund this investment?
By supporting this project, FMO contributes to improving access to finance for Georgian micro businesses and SMEs, especially in rural areas.
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 6/9/2016
- End date
- 3/6/2018
- Total FMO financing
- EUR 0.13 MLN
- Funding
- FMO NV
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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) - B