Posts Tagged ‘FMO’

IFC, FMO to provide $30m for SMEs in Peru

Microfinance focus, Oct 25, 2010: IFC, a member of the World Bank Group, and FMO, the entrepreneurial development bank of Netherlands, together will provide $30 million to Banco Interamericano de Finanzas for development of long-term financial products for midsize businesses in Peru. The IFC-FMO investment could help increase the number of small-business loans which BIF disburses by at least 3,500 a year from 2010 to 2014.  ... Full story
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EFSE lends €20 million for housing finance in Bulgaria

Microfinance Focus, Sep 24, 2010: The development finance fund European Fund for Southeast Europe (EFSE) has signed a loan agreement with Raiffeisenbank Bank of Bulgaria on Thursday, providing the Bank with EUR 20 million to be used for on-lending to lower income private households in Bulgaria to finance housing improvements, renovations, enlargements, reconstruction as well as home purchases. It is EFSE’s first loan agreement with ... Full story

FMO assists 3 microfinance institutions in Haiti with €0.63m CD Programme

Microfinance Focus, Sep 24, 2010: The international development bank of the Netherlands, The Netherlands Development Finance Company (FMO) is supporting the reconstruction of Haiti's private sector by means of targeted assistance to 3 microfinance institutions Sogesol, Finca, ACME and to a power station E-Power.  The total amount of funding provided by the CD programme since the earthquake is EUR 637,000. FMO manages the CD programme on ... Full story

NOTs Foundation and FMO raise €12m for NOTS Microfinance Fund

Microfinance Focus, Aug 30, 2010:  Triple Jump’s partner the NOTS Foundation and the Dutch government’s International Development Bank FMO have today signed an agreement for the EUR 12 million facility as part of the NOTS Microfinance Fund. Triple Jump is the investment manager of the fund, thereby responsible for portfolio management, asset selection and deal execution. The NOTS Foundation is raising money from retail investors through ... Full story

Belarusian SMEs get $ 15m loan from FMO

Microfinance Focus, July 13, 2010: FMO, the Netherlands Development Finance Company has yesterday announced the first tranche of a USD 15 million loan to Belarusian PriorBank for stimulating small & medium sized businesses in Belarus. The loan has a tenor of 5 years, with a grace period of 2 years. Priorbank and  Vienna based Raiffeisen International Bank-Holding AG, which owns almost 88 per cent of ... Full story
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FMO, Tuninvest-Africinvest Group sign MoU to support African SMEs

Microfinance Focus, July 8, 2010: The Netherlands Development Finance Company (FMO) and the Tuninvest-AfricInvest Group (TunInvest-AfricInvest) have yesterday signed a Memorandum of understanding (MoU) to extend and intensify their partnership. The goal of this non-exclusive strategic partnership is to further contribute to the development of the private sector and mainly the SME segment in Africa by improving the institutions' integration and information sharing. Both FMO ... Full story
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FMO provides €10M senior loan to Bank of Africa Holding

Microfinance Focus, Dec. 21, 2009: The Netherlands Finance Development Company (FMO) will provide a €10 million senior loan to Bank of Africa Holding (BOA), the FMO announced in a statement. The funding will be used to strengthen the capital of the local affiliates and will be employed for further expansion and setting up new banks in low-income countries. BOA is one of the few ‘indigenous’ pan-African ... Full story

Dutch investor FMO issues 4-year bond

Microfinance Focus, Dec. 17, 2009: The Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), a major investor in microfinance sector, has issued a 4 year bond under the €3 billion GMTN programme. The notional of the bond is US$100.000.000, with denominations of US$1 million. The bond will be listed on the NYSE Euronext exchange in Amsterdam, said a statement. The Netherlands Development Finance Company (FMO) is the international ... Full story

KfW to host symposium on ‘Access to Finance in Global Crisis’

Microfinance Focus, Nov. 28, 2009:  KfW Entwicklungsbank will host its eighth Financial Sector Development Symposium on Dec. 3-4, 2009. This year's conference is titled "Preserving Access to Finance during the Global Crisis". The event is being organised by the German Federal Ministry for Economic Cooperation and Development, FMO, and KfW. The Symposium’s Thematic Sessions include: * Crisis Vulnerability and Access to Finance - The Macro Perspective * Preserving Access ... Full story

FMO to partner with Srijan 2009 Microfinance Forum

Microfinance Focus, Nov. 26, 2009: The Netherlands Development Finance Company (FMO) will partner with the Srijan 2009 Microfinance Forum and Awards to be held on Dec. 8, 2009 at the Hyatt Regency in Mumbai, said a statement. Lending its support for the second year running, FMO will partner with this national-level platform that recognizes emerging and innovative business initiatives in microfinance and financial inclusion. Commenting on ... Full story

OPIC Board Approves $125 MN Microfinance Fund for Latin America

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story
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