GAZELLE FINANCE HOLDING COÖPERATIEFStatus: Approved investment
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Who is our customer
Our client is Gazelle Finance, the Fund Manager of Gazelle Fund I LP, a multi-country investment fund that invests in high-growth potential small and medium enterprises (“SMEs”) in Georgia and Armenia.
What is our funding objective?
Gazelle Finance’s home investment countries – Georgia and Armenia – are experiencing unprecedented inflows of economic migrants from Ukraine, Belorussia, and Russia as a result of the ongoing conflict in Ukraine. FMO funds a “Bridge” TA facility to identify SMEs relocating from Ukraine to Georgia and provides them with (i) expatriation and relocation services (ii) technical assistance in the form of fund-wide support projects, zero interest loans and grants to maintain business continuity and enable knowledge transfer.
Why do we fund this investment?
FMO’s funding will be used to support refugees, women and youth who are families and employees of Ukrainian SMEs. This is closely aligned with FMO’s strategy to reduce inequalities and its commitment to fragile countries. MASSIF funds this project because it aims to enhance the capacity and performance of SMEs, ultimately enhancing the development impact of the SMEs and the financial performance of the Fund.
|Date||Total FMO financing|
|9/27/2018||EUR 0.08 MLN|
- Europe & Central Asia
- Infrastructure, Manufacturing and Services
- Effective date
- Total FMO financing
- EUR 0.48 MLN