GROFIN MANAGERS
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
The contracting party for this project is GroFin SGB Fund Business Support Facility Trust. The beneficiaries of this project are GroFin and its WSME clients in Africa.
What is our funding objective?
To support GroFin’s SGB Fund to grow its WSME portfolio and to better serve this segment by offering financial and non-financial services.
Why do we fund this investment?
This project supports FMO’s impact objective of promoting financial inclusion, by focusing on reducing inequalities and promoting gender equality. The project will be implemented together with FMO’s partner GroFin. This will be done in Africa, with the potential for replication in more countries GroFin is active in. The project is at the core of FI’s and the CD Fund’s objectives to support FMO’s clients in enabling them to better serve female entrepreneurs.
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 11/21/2019
- End date
- 12/16/2022
- Total FMO financing
- EUR 0.08 MLN
- Funding
- MASSIF