UN CAPITAL DEVELOPMENT FUND
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
UNCDF is the United Nations Capital Development Fund, and the United Nations' capital investment agency for the world's Least Developed Countries. It has the mandate to provide capital and technical support to ensure that more households and small businesses gain access to financial services that expand opportunities and reduce vulnerabilities.
What is our funding objective?
This project will support to accelerate economic recovery after COVID-19 and promote economies and societies more inclusive and resilient to external shocks by increasing access to finance to MSMEs, led by usually underserved groups, through data analytics capacity and smart products developed by Financial Service Providers in Asia and Africa.
Why do we fund this investment?
FMO contributes to this project as it would help to improve the conditions for Financial Services Providers to better identify opportunities in the market and develop and invest in smart products to increase access to finance for MSMEs.
More investments
| Date | Total FMO financing |
|---|---|
| 12/14/2020 | EUR 0.50 MLN |
| 11/23/2020 | EUR 0.50 MLN |
| 8/18/2022 | EUR 0.25 MLN |
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/15/2021
- Total FMO financing
- EUR 0.50 MLN
- Funding
- MASSIF