FMO agrees loan to DRC's Access Bank to boost SMEs

Dutch development bank FMO has signed a $10 million senior unsecured loan with Access Bank in the Democratic Republic of Congo. 

The funding - FMO’s first investment in the country’s financial sector - facilitates the finance of Access Bank’s small and medium-sized enterprises portfolio.

The loan will be allocated in two tranches of $5 million. FMO’s financing package is partially funded by the Dutch government’s MASSIF fund, which aims to take the early investment risks and act as a catalyst for the growth of the private financial sector while stimulating financial inclusion in developing countries with a focus on fragile states.