Project detail - GROFIN MANAGERS

GROFIN MANAGERS

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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.

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 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.

Region
Africa
Country
Africa
Sector
Financial Institutions
Signing date
11/21/2019
Total FMO financing
EUR 0.08 MLN
Fund
MASSIF
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)