Status: Approved investment
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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

Founded in 2014, CreditAccess Philippines Financing Company (One Puhunan) is a microfinance institution (MFI) providing financial services in the form of unsecured working capital to low income individuals and small businesses which are not served by the traditional banks.

What is our funding objective?

This facility will support the expansion of One Puhunan's microfinance and individual loan portfolio as well as contribute to enhancing company's asset and liability matching.

Why do we fund this investment?

The MFI segment in the Philippines is largely fragmented with a significant funding gap for almost a quarter of the population living under the poverty line. One Puhunan targets microbusinesses, especially in the ‘underserved’ segment in rural areas with a focus on youth, rural and female financing. This aligns well with MASSIF’s strategy and facilitates FMO’s contribution to sustainable development.

What is the Environmental and Social categorization rationale?

This is an E&S category C client with no exposure to activities on FMO's exclusion list or IFC Performance Standard triggered transactions. Internally, One Puhunan has a designated credit staff who deals with E&S related issues. The company adopts the Environmental and Social Management System Manual of the CreditAccess group.

More investments

Date Total FMO financing
5/25/2022 EUR 0.01 MLN
10/27/2021 EUR 0.05 MLN
3/19/2021 USD 3.00 MLN
Website customer/investment
Financial Institutions
Publication date
Effective date
Total FMO financing
USD 7.50 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)