FIRST MICROFINANCE COMPANY
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
First Microfinance Company Egypt (FMF-E) is a non-profit MFI in Egypt. Established in 2005 as an NGO by Aga Khan Association for Microfinance (AKAM), the MFI transformed from an NGO to a company at the end of 2018. FMF-E focuses on bottom-of-the-pyramid, mainly rural clients in Egypt, particularly youth and women.
What is our funding objective?
The project is an emergency response to the spread of COVID-19 and aims to facilitate the sustainable provision of the company’s financial services during and post-pandemic. The project supports FMF-E in taking the required precaution measures and stimulates the use of digital channels for FMF-E’s customers.
Why do we fund this investment?
FMO is funding this project as part of the Emergency Grant Facility, a support facility that was launched to help FMO’s clients and investees to battle the negative effects of COVID-19 on their business, staff and surrounding communities.
More investments
| Date | Total FMO financing |
|---|---|
| 5/10/2022 | USD 0.70 MLN |
- Region
- Africa
- Country
- Egypt
- Sector
- Financial Institutions
- Effective date
- 8/6/2020
- End date
- 11/9/2021
- Total FMO financing
- EUR 0.03 MLN
- Funding
- MASSIF
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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) - C