STICHTING SME BUSINESS SUPPORT
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
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.
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 5/31/2023
- Effective date
- 5/10/2023
- Total FMO financing
- EUR 0.25 MLN
- Funding
- MASSIF