Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Africa
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: U
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: 2017-03-23
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: XSML Capital
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Communications
Investment Amount (USD): $ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.02m
Converted using 2017-08-23 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-23
XSML CAPITAL LTD
FMO-51153

Project Description
XSML Capital is a fund manager investing in SMEs in Central Africa, notably, DR Congo, Central African Republic, Uganda and Republic of Congo. With a total of USD 69 million under management spread over two funds, the Central Africa SME Fund (Fund I) and the African Rivers Fund (Fund II), a total number of 40 investments in local businesses in DRC and CAR. The objective is to support implementation of portfolio management software. This project will allow XSML to get an excellent portfolio management that will improve their reporting on financials also on E&S and value add aspects which FMO find of great importance.
Investment Description
Bank Documents