ADA MICROFINANCE
Status: Completed 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
ADA will be the contracting party responsible for the organization of the African Microfinance Week (SAM), however the target end-beneficiaries are African MFIs, many of whom are FMO clients or prospect clients. ADA itself is a non-governmental organization dedicated to building and catalysing financial inclusion of populations excluded from conventional banking channels in developing countries.
What is our funding objective?
The objective of the project is to support African Microfinance Week in developing and sharing content focused on the benefits and opportunities provided by FinTech for MSME customers.
Why do we fund this investment?
The SAM brings together three regional microfinance networks representing 140 African MFIs, as well as 23 microfinance organisations and networks. Since microfinance is a key tool in reaching the objectives and impacts of MASSIF, this is a unique opportunity to share knowledge across the microfinance sector in Africa.
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 8/15/2017
- End date
- 7/8/2019
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF