CREDITACCESS PHILIPPINES FINANCING
Status: Completed investmentWhy disclosure?
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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
Microfinance Philippines Financing Company "One Puhunan" is a young, transparent and professionally managed MFI that gained sizeable market share in the Philippine microfinance market within nearly three years of existence supported by CreditAccess Asia, a solid and well-capitalized group in the Netherlands.
What is our funding objective?
One Puhunan provides financial services to low income individuals, micro and small businesses which are not served by traditional banking instructions. FMO’s financing will support further growth of the company’s loan portfolio in the region of Mindanao and Bicol.
Why do we fund this investment?
MFIs play a pivotal role promoting economic growth for the Base of the Pyramid by providing finance to micro and small entrepreneurs. One Puhunan is a growing MFI in a Lower Middle Income Country where financing of these entrepreneurs has development impact.
More investments
| Date | Total FMO financing |
|---|---|
| 5/25/2022 | EUR 0.01 MLN |
| 2/22/2021 | USD 7.50 MLN |
| 10/27/2021 | EUR 0.05 MLN |
- Website customer/investment
- http://onepuhunan.com.ph/
- Region
- Asia
- Country
- Philippines
- Sector
- Financial Institutions
- Effective date
- 1/27/2017
- End date
- 3/19/2021
- Total FMO financing
- USD 3.00 MLN
- Funding
- MASSIF
-
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