Key facts
- Implementing Partner:
FMO
- Guarantee volume:
up to €100 million
- Global Gateway areas of partnership:
Multisectoral - Climate and Energy, Digital, Education and Research, Health
- Sectors:
Micro, small and medium-sized enterprises (MSMEs)
- Geographical focus:
Sub-Saharan Africa and the European Neighbourhood
- Type of support provided:
Financing, Technical assistance
- Types of investments:
portfolio guarantees
- Investment period:
open for investments until October 2024
- Technical assistance:
up to €8 million
Description
NASIRA addresses the high risks involved in lending to entrepreneurs who currently have limited or no access to finance in countries neighbouring the EU and in Sub-Saharan Africa. It does so by offering portfolio guarantees to local financial institutions, such as banks and microfinance institutions, encouraging them to lend to the previously underserved - people they would without such guarantee consider too risky, such as migrant, women and young entrepreneurs. As such, NASIRA also addresses the root causes of migration, including irregular migration.
How can businesses and investors get involved?
If you are a business representative or an investor with an interest in this guarantee program, we recommend getting in touch directly with FMO.
Contact: NASIRA
FMO [dot] nl (NASIRA[at]FMO[dot]nl)
About FMO
FMO is the Dutch entrepreneurial development bank. It supports sustainable private sector growth in developing and emerging markets by investing in business, projects and financial institutions. Their current long-term strategy is to invest for impact in their three core sectors: agribusiness, food and water; energy and financial institutions, focusing on Africa, Asia, Latin America and the Europe and Central Asia region.