Project detail - MAXIMA MICROFINANCE PLC

MAXIMA MICROFINANCE PLC

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Who is our client

Maxima Microfinance Plc (“Maxima”) is a regulated microfinance institution in Cambodia. Maxima offers Group, Individual and Small Business loans. Maxima currently operates in 8 provinces in Cambodia, has 14 branches, employs over 170 staff and has over 6,800 active borrowers, of which roughly 91% are women.

Funding objective

FMO’s loan of USD 4mln is dedicated to financing micro clients and water, sanitation and hygiene (green) projects, thereby contributing to decent work and economic growth activities and supporting climate action.

Why we fund this project

Maxima plays an important role in providing access to finance to micro and small enterprises, a critical segment in supporting job creation. Furthermore, FMO brings additionality by providing scarce medium-term financing and supporting the growth of Maxima’s reducing inequalities and green portfolio. This transaction will be the first DFI loan to Maxima.

Environmental and social rationale

Maxima E&S is categorized as C given the nature and size of its loans. The company does not have exposure to activities on FMO’s exclusion list or IFC-PS triggered transactions.

Website client
http://www.maxima.com.kh
Region
Asia
Country
Cambodia
Sector
Financial Institutions
Signing date
4/22/2021
Total FMO financing
USD 3.00 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)
C