Set up in 2006 and managed on behalf of the Dutch Ministry of Foreign Affairs, MASSIF is FMO’s financial inclusion fund. Read more about At a glance .

This website (massif.fmo.nl) is maintained by the Netherlands Development Finance Company (FMO). Read more about Disclaimer .

To download other reports, please visit our reporting center. Read more about Downloads .

Disclaimer Read more about Footer .

MASSIF in 2024 devoted significant attention to being able to continue to support its clients, end beneficiaries, and micro, small and medium-sized enterprises in the future and to play its part in FMO’s Strategy 2030. Read more about Highlights .

MASSIF is the financial inclusion fund that FMO manages on behalf of the Dutch government. Read more about Home - 2024 .

Read more about Independent auditor’s report .

At the heart of FMO's strategy lies the commitment to enable entrepreneurs to increase inclusive and sustainable prosperity. Read more about Letter from the MB of the Fund Manager .

Read more about List of abbreviations .

The cash on bank accounts can be freely disposed of. All bank accounts are classified as Stage 1. Read more about Notes to the annual accounts .