Contracts CD 2025

Accion International - $154,500 Partnership Development Contribution

This project supports 15 senior leaders from MASSIF‑financed financial institutions to participate in the Harvard Business School–Accion Program on Strategic Leadership in Inclusive Finance. The executive program focuses on strengthening leadership, innovation, and inclusive product design.It supports FMO’s mission to advance financial inclusion by equipping high‑potential leaders with strategic tools, case‑based learning, and global peer networks. FMO's partner, Accion International, aided in the project management aspects of this initiative.

Dvara Kshetriya Gramin Financial Services - €63,098 Development Contribution Grant

This project is part of the Digital Transformation TA Facility (DTX TAF) and co-financed by DFC. The project supports Dvara KGFS’s digital transformation, enabling a shift from group‑loan–dominated lending to a more diverse individual and MSME portfolio. The funding develops three core digital solutions—a Business Intelligence platform, a Customer App, and the updated Financial Wellbeing Report (FWR 2.0)—to enhance data‑driven decision‑making, improve digital access for rural customers, and strengthen financial inclusion across underserved communities in India.

Lendable MSME Fintech Credit Fund II (LMFCF II) - $205,000 Development Contribution Grant

This project strengthens Lendable’s verification and risk management systems as the fund scales its fintech lending portfolio across emerging markets. It supports the development of automated verification tools, integration of advanced analytics and machine learning, and sector‑wide knowledge sharing to enhance fraud detection, portfolio oversight, and responsible finance for MSMEs. Implemented by Dynolabs Asset Management Ltd, acting as Fund Advisor.

FIDO Solutions Limited - €52,148 Development Contribution Grant

The project supports FIDO’s FX risk management and organizational restructuring, enabling the company to mitigate currency exposure across Ghana and Uganda while developing a leaner, more scalable structure for multi‑country expansion. Strengthening financial risk controls and improving operational efficiency will help FIDO better serve underserved micro‑entrepreneurs and BoP clients with accessible digital credit.

Global Partnerships - $232,650 Development Contribution Grant

This project supports Global Partnerships in two workstreams. First, in designing GPʼs next fund, which aims to achieve scale and unlock margin for high-impact social enterprises and investors through expert management of impact and foreign currency risk. Second, it provides support in GP's impact measurement, in particular the use of client outcomes data in strategic impact measurement and management to (a) build social enterprise capacity and (b) enable investors to design vehicles and investment allocations that align risk and return expectations with impact objectives.

Global Private Capital Association (GPCA) - $21,911 Technical Assistance

This project funded a gender‑informed investing workshop in Singapore, co‑hosted by Global Private Capital Association (GPCA), FMO, and Investing in Women, aimed at strengthening gender‑lens investment capabilities among Southeast Asian fund managers in FMO's MASSIF portfolio. The workshop trains participants on the performance value of gender diversity, practical approaches for integrating gender strategies, and actionable steps for channeling more capital toward women entrepreneurs and leaders.

Connekt 4 SAS (Hub2 SAS) - €26,885 Development Contribution Grant

This project supports Hub2 with two compliance‑critical initiatives: achieving PCI‑DSS data security certification and establishing an OECD‑aligned transfer pricing framework to manage cross‑border tax and regulatory risks. The work strengthens Hub2’s operational integrity as it expands digital payment infrastructure across Francophone Africa, reducing compliance, financial, and reputational risks.

INSEAD - €128,614 Technical Assistance

The program serves a large group of beneficiary institutions from MASSIF's and FMO-A, including Access Bank, Ecobank, Lulalend, MCF, Promerica, Crystal, FIDO, Hamkorbank, Kashf, Validus, NMB, Northern Arc, and many others. The project funds the Leadership in the Digital Age (LDA) Program 2025, a masterclass delivered by INSEAD alongside the Singapore Fintech Festival, aimed at strengthening leadership, innovation, and AI‑readiness among senior executives of FMO‑funded financial institutions. It equips C‑suite leaders with digital strategy, AI adoption frameworks, and insights into fintech innovation to foster sustainable growth and advance financial inclusion.

JSC Microbank Crystal - €220,000 Development Contribution Grant

This umbrella TA program supports Crystal’s transition from a microfinance provider to a fully licensed commercial bank by strengthening cybersecurity, leadership capacity, and market positioning. The package includes establishing a Security Operations Center (SOC), delivering leadership and technical training, and developing a refreshed brand strategy to enhance competitiveness and support inclusive finance for rural micro‑entrepreneurs.

Equatoria Teak Company (ETC) - $121,500 Development Contribution Grant

This project supports ETC, a portfolio company of Maris Limited, in diversifying revenue streams and enhancing climate resilience through two components: developing Nature Credits (biodiversity, carbon, and ecosystem‑service related credits) and expanding agroforestry with community outgrowers. It aims to strengthen ETC’s environmental impact, enable future monetization of ecosystem services, and scale agroforestry crops such as cocoa, vanilla, pepper, and moringa to benefit smallholder farmers in rural South Sudan.

The Small Enterprise Foundation (SEF) - €16,350 Technical Assistance

This project focuses on a comprehensive Client Protection Principles (CPP) assessment for SEF in collaboration with the consultant MicroFinanza Rating SRL. The project includes a full audit of SEF's client protection practices, a tailored action plan, CPP training for management, and a structured follow‑up review. The project aims to strengthen SEF’s client‑centric operations, improve alignment with international CPP certification standards, and enhance responsible finance practices.

SAFCO Microfinance Company (Private) Limited - €156,870 Technical Assistance

This climate resilience pilot implemented with the consultant Milliman, Inc. supports SAFCO in developing institutional climate risk management systems—including a business continuity plan, climate stress testing, and risk‑reduction/retention measures—and in designing climate‑smart financial products for agri‑clients, such as enhanced insurance, early‑warning systems, and disaster‑contingent credit lines. The project aims to increase the resilience of vulnerable agricultural borrowers in Pakistan while establishing scalable approaches for broader MASSIF climate resilience framework.

JSC Microbank Crystal - €157,588 Technical Assistance

This climate resilience pilot implemented with the consultant Milliman, Inc. supports Crystal in integrating climate risk management into its institutional processes, including implementing National Bank of Georgia climate risk guidelines, establishing climate‑risk monitoring tools, and strengthening business continuity. It also finances the design and piloting of climate‑resilient financial products for SME and end‑borrower clients, alongside awareness‑raising and staff capacity building.

Annapurna Finance - €149,935 Technical Assistance

This climate resilience pilot implemented with the consultant Milliman, Inc. supports Annapurna Finance, a portfolio company of Accion Digital Transformation Fund, LP, in assessing physical climate risks, developing an institutional climate risk management strategy, and designing climate‑resilient financial products for vulnerable agri‑clients across India. It includes portfolio‑level climate risk assessment, business continuity planning, market research, product development (risk‑reduction, risk‑retention, and risk‑transfer mechanisms), and piloting climate‑risk solutions to enhance resilience for low‑income and women borrowers.

Banco Contactar - €148,751 Technical Assistance

This climate resilience pilot implemented with the consultant Milliman, Inc. supports Banco Contactar, a portfolio company of Accion Digital Transformation Fund, LP, in integrating climate risk management into its institutional processes and designing financial and non‑financial products that strengthen the climate resilience of its agri‑client base. Activities include climate risk assessments, product adaptation or development, and piloting interventions aimed at enhancing resilience for vulnerable, low‑income rural customers.

Stichting Medical Credit Fund - €44,200 Development Contribution Grant

The primary funding objective of this Development Contribution Grant is to enable MCF to transition from a fully donor-funded technical assistance model to a financially sustainable, co-funded approach. FMO’s contribution will support the initial costs of rolling out this new model, including the training of local partners, development of operational processes, and piloting of business management support. This grant funding is pivotal in bridging the transition period, ensuring that healthcare SMEs across Africa can access high-quality technical assistance while gradually increasing their own financial participation, thereby fostering long-term sustainability and impact.