FMO | MASSIF FUND

For FMO, acting in its role as Fund Manager (hereafter ‘FMO’), to be able to carry out the Fund’s strategy, it is essential to have an adequate risk management system in place to identify, measure, monitor and mitigate financial risks. Read more about Risk management .

Sales and exits

In 2024, MASSIF successfully completed the exit of MF Banka, a bank based in Bosnia & Herzegovina that services the MSME sector, where MASSIF has been an investor since 2015. Read more about Sales and exits .

Statement of cash flows

At December 31 Read more about Statement of cash flows .

Statement of changes in fund capital

At December 31 Read more about Statement of changes in fund capital .

Statement of comprehensive income

At December 31 Read more about Statement of comprehensive income .

Statement of financial position

At December 31, 2024 Read more about Statement of financial position .

Summary of material accounting policies

MASSIF ("the Fund") was established in 2006 by the Dutch Ministry of Foreign Affairs to provide risk capital and local currency financing to financial intermediaries in developing countries who in turn serve micro- and small scale entrepreneurs and Read more about Summary of material accounting policies .

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Production