EUROPEAN FUND FOR SOUTHEAST EUROPE
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
The European Fund for Southeast Europe (EFSE) provides sustainable funding to entrepreneurs and private households in Southeast Europe, including the European Eastern Neighbourhood Region. EFSE helps small businesses to grow and generate additional income, and to create as well as to sustain employment. In addition, it assists low-income families in the improvement of their housing conditions.
What is our funding objective?
EFSE operates through financial intermediaries. These include commercial banks, microfinance banks, microcredit organisations and non-bank financial institutions such as leasing companies. They on-lend funds received from EFSE to the Fund’s ultimate target group: micro and small enterprises and low-income private households. FMO supports EFSE since 2005 providing €40 million funding. The existing funding will mature per end 2015 which FMO will extend. FMO will also invest an additional amount of €20 million, bringing the total investment in EFSE to €60 million.
Why do we fund this investment?
FMO’s investment contributes to EFSE’s mission which aims to generate impact at three different levels: supporting micro and small enterprises as the backbone of the local economies, therewith contributing to income generation and employment creation, satisfying the basic need of decent shelter, and strengthening local financial markets.
More investments
| Date | Total FMO financing |
|---|---|
| 7/28/2015 | EUR 20.00 MLN |
| 6/19/2019 | EUR 0.15 MLN |
- Region
- Europe & Central Asia
- Country
- Europe & Central Asia
- Sector
- Financial Institutions
- Effective date
- 7/28/2015
- Total FMO financing
- EUR 20.00 MLN
- Funding
- FMO NV
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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) - B