A AND B TECH LLC
Who is our client
Vitas Group (“Vitas”) is a Global Communities enterprise established in 2006 to own and operate Global Communities’ commercially oriented microfinance institutions. Vitas is the largest commercial network of MSME lending companies in the Middle East and is the first investment vehicle of its kind in the region. Contracting is with AandB Tech LLC (Finconecta), Digital Strategy Consultants and Fintech.
The aim of this project is to provide strategic guidance to senior management to local teams in order to build the technology management capacity of subsidiaries and its IT support unit in Serbia.
Why we fund this project
The project is highly relevant to FMO, given the focus on digitally enabled microfinance in the MENA region, a key frontier for FMO going forward.
|Date||Total FMO financing|
|8/23/2017||EUR 0.23 MLN|
- Infrastructure, Manufacturing and Services
- Signing date
- Total FMO financing
- EUR 0.05 MLN
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)