UN CAPITAL DEVELOPMENT FUND
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
UNCDF is the United Nations’ capital investment agency for the world’s least developed countries and has a mandate to provide capital and technical support to ensure that more households and small businesses gain access to financial services which expand opportunities and reduce vulnerabilities.
What is our funding objective?
The project is focused on providing investment capital and technical assistance (TA) support to promising SMEs operating in two fragile states: Sierra Leone and the Democratic Republic of Congo (DRC). By partnering with UNCDF, FMO supports FinTech companies that are part of UNCDF’s programme ‘West Africa Digital financial inclusion for fragile and conflict affected states’. In DRC, the FMO funding will be used for the Cleanstart Program, developing the local market for clean cooking (improved energies and cook stoves). Through MASSIF, FMO will provide flexible capital and TA for SMEs operating in this space.
Why do we fund this investment?
Aligned with MASSIF's strategy, this project will allow UNCDF and FMO to cooperate towards sustainable financial inclusion and to allocate significant capacity towards tech-based solutions that hold the promise of lowering production and delivery costs for goods and services targeting the base of the pyramid.
More investments
| Date | Total FMO financing |
|---|---|
| 12/15/2021 | EUR 0.50 MLN |
| 12/14/2020 | EUR 0.50 MLN |
| 8/18/2022 | EUR 0.25 MLN |
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 11/23/2020
- Total FMO financing
- EUR 0.50 MLN
- Funding
- MASSIF