Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Philippines
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Active
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-01-27
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: One Puhunan
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Amount (USD): $ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-15
MICROVENTURES PHILIPPINES FINANCING
FMO-50484

Project Description
Microfinance Philippines Financing Company "One Puhunan" is a young, transparent and professionally managed MFI that gained sizeable market share in the Philippine microfinance market within nearly three years of existence supported by CreditAccess Asia, a solid and well-capitalized group in the Netherlands. One Puhunan provides financial services to low income individuals, micro and small businesses which are not served by traditional banking instructions. FMOa€™s financing will support further growth of the companya€™s loan portfolio in the region of Mindanao and Bicol. MFIs play a pivotal role promoting economic growth for the Base of the Pyramid by providing finance to micro and small entrepreneurs. One Puhunan is a growing MFI in a Lower Middle Income Country where financing of these entrepreneurs has development impact.
Investment Description
Contact Information
Client website http://onepuhunan.com.ph/