• Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Voting Date
Sep 12, 2019
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.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 23, 2020

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Project Description

This investment represents a follow-on investment in an existing FMO investee. Since converting into a Permanent Capital Vehicle, Maris has grown its portfolio well, and exhibited stable financial performance amid tough macroeconomic conditions in many of its markets. The Company is now embarking on a capital raise which will allow it to continue its upward trajectory both in terms of financial performance as well as impact given the Company’s exposure is in Least Developed Countries (LDCs). The Company is seeking a total amount of USD50-60m in its capital raise, which will be used to make new investments as well as invest in expansion of some existing portfolio companies. FMO will invest up to a 19% shareholding in the Company following the capital raise.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

No contact information provided at the time of disclosure