FINANCIERA FAMA S.A.
Status: Approved 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.
What is our funding objective?
FAMA will use the new capital to reach more clients in underserved areas, deliver a broader suite of financial services, and develop savings programs. It also plans to create its own agent network and online banking platform, establish an e-wallet service, and provide financial education to its clients.
Why do we fund this investment?
FMO and Triodos joined anchor investor and global nonprofit Accion to support the company’s efforts to provide financial services to enhance financial inclusion in Nicaragua for underserved families and entrepreneurs.
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 |
| 7/18/2018 | EUR 0.16 MLN |
| 9/11/2020 | USD 6.00 MLN |
- Website customer/investment
- http://www.financierafama.com.ni
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Financial Institutions
- Effective date
- 7/18/2017
- Total FMO financing
- NIO 23.73 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