At a glance
Set up in 2006 and managed on behalf of the Dutch Ministry of Foreign Affairs, MASSIF is FMO’s financial inclusion fund.
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Letter from the MB of the Fund Manager
Dear reader,
Read more ›Letter from the MB of the Fund Manager
Highlights
In 2022, the direct effects of the COVID-19 pandemic started to diminish and the return to normal life beckoned. In stead, global macro-economic effects started to emerge with steep inflation rates following the start of the war in the Ukraine.
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Production
Read more ›Production
Sales and exits
In 2022, we completed one exit in Hamkor Bank which due to their organisational performance was fully transferred to FMO-A. Hamkor was the largest exposure in MASSIF with over 30 EUR million.
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Production capacity development
Read more ›Production capacity development
International principles
Our impact goes beyond our investments. To embrace our mission fully, we are committed to doing business in a responsible and sustainable way, guided by global standards and guidelines.
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List of abbreviations
Read more ›List of abbreviations
Statement of financial position
At December 31
Read more ›Statement of financial position
Statement of changes in fund capital
At December 31
Read more ›Statement of changes in fund capital