News and updates
The Dutch magazine P+ published an article on NASIRA in June 2021. The story explains how the covid-pandemic is causing a growing demand for these types of guarantees, and especially focusses on the situation in Jordan.Read the whole article here.
What exactly is our NASIRA financial program, and what makes it particularly attractive to underserved segments--and more recently to entrepreneurs affected by the pandemic? Find out how we reach the MSME sector with (non-)financial services for global economic development.Read the interview
FMO is pleased to announce the signing of a NASIRA loan portfolio guarantee facility with Bank al Etihad. This USD 30 million in JOD equivalent NASIRA facility supports COVID-19 affected Small and Medium Enterprises (SMEs), including female and young entrepreneurs in Jordan.Read the press release
This USD 50 million facility is the second NASIRA guarantee with the support of EU funding. To support Kenyan entrepreneurs during these challenging times and to support EBK's overall (M)SME ambitions, FMO will provide a NASIRA loan portfolio guarantee covering loans provided to MSMEs affected by the COVID-19 crisis, including female and young entrepreneurs and companies in the agri value chain.Read the press release
The South African Bank Sasfin is the first to benefit from the COVID-19 emergency facility set in place by the EU and FMO’s NASIRA fund. The transaction concerns a 7-year USD 35 million facility. This will support Sasfin’s lending to COVID-19 affected borrowers in South Africa, and developing and originating new (digital) lending products, specifically targeting youth, female and migrant borrowers.Read the press release
NASIRA financial program receives €25 million top-up from the European Fund for Sustainable Development The European Commission together with FMO scaled up the NASIRA financial guarantee to support small COVID-19 affected entrepreneurs in Africa and EU Neighbourhood.Read the press release
In the run-up to UN World Refugee Day (June 20th), Dutch development bank FMO signed the first ever Risk Sharing Facility for refugee entrepreneurs from the Syrian crisis, as a pilot under its NASIRA program. This signing took place at the European Development Days, organized by the European Commission in Brussels.Read the press release
Through NASIRA, FMO invested in Tamweelcom, Jordan’s second-largest Micro Finance Institution serving 90,000 clients including youth and women entrepreneurs. With FMO’s support, Tamweelcom now provides loans to Syrian refugees in possession of UNHCR identification and a Jordanian Ministry of Interior Card. This film was made by the European Commission's External Investment Plan.
Today, at the High-Level Forum Africa-Europe in Vienna, FMO and the European Commission (EC) signed the contract for risk-sharing facility NASIRA. The EC has approved up to EUR 75 million in guarantees and up to EUR 8 million in Technical Assistance to FMO’s innovative financial program.Read the press release
“By turning challenges into opportunities, NASIRA truly helps to address poverty and to give people reason to commit to a future in their own community. Jobs are key to the future and it’s up to us, as governments and political leaders to work together and make sure that more and more people become empowered to take that future in their own hand.”