O.C.N. MICROINVEST S.R.L.
Status: Proposed 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
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. 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 prospective customer?
Microinvest, an FMO existing client since 2008, provides micro lending to small entrepreneurs in the Republic of Moldova. It was established in 2003 and has a nationwide network of 16 branches, 300 staff and serves predominantly rural clients active in the agriculture sector.
What is our funding objective?
With this EUR 20m loan (EUR 15 million committed tranche and EUR 5 million uncommitted) to Microinvest, FMO facilitates access to financing for micro and small entrepreneurs, mainly in the agricultural sector. By providing finance to M/SMEs clients, Microinvest promotes economic growth amongst the low-income population.
Why do we want to fund this investment?
The transaction with Microinvest fits perfectly with FMO's aim to support sustainable and inclusive economic growth. Microinvest's mission is to support urban and rural MSME customers neglected by the traditional banking system. With a large part of its portfolio in the agri sector, Microinvest contributes to the socio-economic development of the country.
What is the Environmental and Social categorization rationale?
The project has been categorized 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 |
| 8/13/2024 | EUR 3.00 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
- 2/11/2025
- Deadline for feedback
- 3/13/2025
- Total FMO financing
- EUR 20.00 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