O.C.N. Microinvest S.R.L
Status: Approved investmentWhy disclosure?
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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
Microinvest (“MI”), an FMO existing client since 2008, provides micro lending to small entrepreneurs in many areas of the Republic of Moldova. It was established in 2003 and has a nationwide network of 16 branches, 250 staff and serves predominantly rural clients active in the agriculture sector.
What is our funding objective?
With the EUR 15m loan to Microinvest, FMO facilitates access to financing for micro entrepreneurs, mainly in the agricultural sector. By providing finance to micro clients, Microinvest promotes economic growth amongst the low-income population.
Why do we fund this investment?
The transaction with MI fits perfectly with FMO's aim to support sustainable and inclusive economic growth. MI's mission is to support urban and rural MSME customers neglected by the traditional banking system. With a large part of its portfolio in the agri sector, MI contributes to the socio-economic development of the country.
What is the Environmental and Social categorization rationale?
The project has been categorized as Category C in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the Project, Microinvest will be required to apply the EDFI Exclusion List and Moldova E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 4/25/2019 | EUR 3.00 MLN |
| 8/14/2023 | EUR 4.00 MLN |
| 3/1/2018 | EUR 0.02 MLN |
| 9/1/2016 | EUR 0.02 MLN |
| 10/18/2019 | EUR 5.00 MLN |
- Website customer/investment
- https://microinvest.md/en/
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Financial Institutions
- Publication date
- 1/24/2023
- Effective date
- 4/14/2023
- Total FMO financing
- EUR 15.00 MLN
- Funding
- FMO NV
-
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