O.C.N. MICROINVEST S.R.L.
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 one of the largest microfinance companies in the Republic of Moldova. The institution provides its services through 14 branches and 1/3 of its portfolio consists of loans to the agricultural sector. FMO provided its first loan to Microinvest in 2008.
What is our funding objective?
FMO provided long-term local currency finance to Microinvest for the equivalent of EUR 3 mln. By doing so, FMO facilitates access to local currency finance for micro entrepreneurs, mainly in the agricultural sector. By providing finance to micro clients, Microinvest promotes economic growth amongst the low-income population.
Why do we fund this investment?
By providing long-term finance to an institution operating in Moldova, FMO enables Microinvest to continue promoting access to finance for micro entrepreneurs. With its focus on micro clients in the agricultural sector, Microinvest promotes inclusive finance.
What is the Environmental and Social categorization rationale?
The project has been categorised as Category C in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the Project, Microinvest will be required to apply the EDFI Exclusion List and Moldova E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 4/14/2023 | EUR 15.00 MLN |
| 8/14/2023 | EUR 4.00 MLN |
| 3/1/2018 | EUR 0.02 MLN |
| 9/1/2016 | EUR 0.02 MLN |
| 10/18/2019 | EUR 5.00 MLN |
- Website customer/investment
- https://microinvest.md/en/
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Financial Institutions
- Publication date
- 3/27/2019
- Effective date
- 4/25/2019
- End date
- 8/13/2024
- Total FMO financing
- EUR 3.00 MLN
- Funding
- FMO NV
-
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