Massif 2023

Annual report

MASSIF is the financial inclusion fund that FMO manages on behalf of the Dutch government.

MASSIF enhances financial inclusion for micro-entrepreneurs and small- and medium-sized enterprises (MSMEs) that are disproportionately affected by a lack of access to financial services. The fund supports intermediaries that reach out to MSMEs in fragile and low-income countries, MSMEs in rural areas and those dependent on agriculture, women-and-youth owned MSMEs, and intermediaries providing access to productive goods and services for underserved individuals in the poorest social-economic segments.

In 2023, MASSIF has stood with existing clients, on-boarded new clients and supported relevant initiatives aiming to support MSMEs and low-income end beneficiaries, including in fragile operating environments.

Our Performance

We were able to commit to 15 new investments amounting to EUR 63.5 mln.

Our committed portfolio

Total committed portfolio

€ 493 million

Total committed portfolio by region