FINANCIERA FAMA S.A.
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
Financiera FAMA is the second largest microfinance institution (MFI) in Nicaragua. FAMA was founded in 1991 by ten entrepreneurs with the aim of establishing and/or improving access to finance for micro-enterpreneurs in Nicaragua's urban areas. FAMA has been a client of FMO since 2007, when they transitionsed from NGO to regulated MFI. Today FAMA has total assets amounting to approximately US$40 million.
What is our funding objective?
With this US$6 million facility FMO will further support the growth of FAMA's loan portfolio. FMO's long-term funding will support FAMA in its plans to become a deposit taking institution. The facility may also be converted to local currency, thereby hedging the FX risk and reducing potential negative impact on FAMA's end customers.
Why do we fund this investment?
FAMA is a long standing client of FMO that has proven to be a trustworthy partner, resilient to crises such as the 2011 'no pago' movement in Nicaragua. With this facility we continue to support FAMA's mission to serve the underserved part of the population at the bottom of the pyramid in Nicaragua's urban areas. This is strongly aligned with FMO's focus on inclusive finance.
More investments
| Date | Total FMO financing |
|---|---|
| 2/1/2024 | USD 5.00 MLN |
| 12/20/2021 | EUR 0.07 MLN |
| 7/19/2023 | USD 4.50 MLN |
| 7/18/2017 | NIO 23.73 MLN |
| 7/18/2018 | EUR 0.16 MLN |
- Website customer/investment
- http://www.financierafama.com.ni
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Financial Institutions
- Effective date
- 11/19/2014
- End date
- 9/11/2020
- Total FMO financing
- USD 6.00 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