Who is our client
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.
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 we fund this project
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.
- Financial Institutions
- Signing date
- Total FMO financing
- EUR 0.08 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)