STICHTING SME BUSINESS SUPPORTStatus: Approved investment
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Who is our customer
Our customer is Stichting SME Business Support, the Grantee Vehicle of FMO’s investee fund African Rivers Fund III (ARF III). AFR III is a private equity fund that provides scarce capital to SMEs mainly in Angola, the Democratic Republic of the Congo and Uganda.
What is our funding objective?
FMO’s contribution will be used to provide business support services to SME Portfolio Companies of ARF III via a Technical Assistance Facility.
Why do we fund this investment?
The target countries of the Fund are Least Developed Countries and supporting the private sector in these countries is aligned with FMO’s commitment on reducing inequalities. MASSIF funds this project because it is in line with its aim to support SMEs that have high-growth potential but lack the collateral or sufficient cash flow that banks require for lending purposes. Furthermore, it is in line with MASSIF strategy to support fragile states such as DRC.
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- EUR 0.25 MLN