IM OMF MICROINVEST SRL
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
Microinvest is a Moldovan MFI and was established by the Soros Foundation in 2013. The MFI provides finance to small businesses in rural and urban areas in the country. Microinvest is Moldova’s second largest MFI based on assets and one of the few MFIs in the country to serve micro and small businesses in rural areas, ensuring access to finance for entrepreneurs, agricultural producers and farmers.
What is our funding objective?
The purpose of the project is to strengthen the organization by focusing on a set of interventions that collectively aim to enhance internal efficiency and operational excellence. The project should in the long-run lead to sustainable improvements of the company’s business performance.
Why do we fund this investment?
The strategy of Microinvest fits well with FMO’s aim to enhance inclusive development, the company serves customers often neglected by traditional banks in urban and rural areas. With this contribution FMO supports Microinvest in the overall improvement of its operational performance which enables Microinvest to better serve its clients and to reach out to new clients.
More investments
| Date | Total FMO financing |
|---|---|
| 4/14/2023 | EUR 15.00 MLN |
| 8/13/2024 | EUR 3.00 MLN |
| 8/14/2023 | EUR 4.00 MLN |
| 9/1/2016 | EUR 0.02 MLN |
| 10/18/2019 | EUR 5.00 MLN |
- Website customer/investment
- http://www.microinvest.md
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Financial Institutions
- Effective date
- 8/17/2017
- End date
- 3/1/2018
- Total FMO financing
- EUR 0.02 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