ENCLUDE LTD
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 aim of this project is to put in place a framework agreement with advisory firm Enclude, which will see it deliver a wide range of SME finance advisory services to FMO's financial institution clients around the world. Through this framework agreement, FMO will be able to offer clients a clearly defined SME advisory product that is adapted to the specific needs of the client, and which is implemented at the appropriate time in the client's development.
What is our funding objective?
The SME Advisory Programme supports financial institutions in addressing bank-specific obstacles to SME financing at various levels. This includes consulting on strategy, business planning, market research and client segmentation, human resources and training, risk management, internal audit and control, credit scoring, credit process reengineering, new product development, policies and procedures development, portfolio workout and monitoring and ICT/MIS. Despite the apparent breadth of this project, the individual needs and requirements of each financial institution are clearly defined and addressed.
Why do we fund this investment?
Lack of access to finance is one of the main constraints to a flourishing SME sector in emerging economies. SMEs are widely recognized as the engines of job creation and GDP growth, and as such there is a strong argument for seeking ways to improve access to finance for SMEs. However, SMEs are often seen by financial institutions as risky clients, and costly to serve. Many of FMOs clients are active, or wish to be active, in serving SMEs but struggle to do so profitably or are unsure of how to do so given their current capacities and capabilities. Advisory support to our client in these areas could expedite the orientation of the banks toward SME clients. This is strongly aligned with FMO's strategy to support economic development; reaching SMEs via financial intermediaries is the main means by which FMO can achieve this.
More investments
| Date | Total FMO financing |
|---|---|
| 6/19/2019 | EUR 0.01 MLN |
- Website customer/investment
- http://www.sbksbi.com/
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/14/2014
- Total FMO financing
- EUR 0.16 MLN
- Funding
- FMO NV