Fundacion Genesis Empresarial (FMO-62814)

Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ciudad Guatemala
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Genesis Empresaria
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 23.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 23.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 7.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Nov 21, 2025

Disclosed by Bank Jun 3, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank, FMO’s proposed funding of USD 25mln equivalent in local currency (Guatemalan Quetzales) is part of an A/B loan syndication arranged by FMO for up to USD 85mln. Proceeds will help Genesis to continue supporting microentrepreneurs across the country.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to the FMO, Fundación Genesis Empresarial is a non-profit and non-regulated Micro Finance Institution founded in 1988 in Guatemala with a total loan portfolio of USD 384mln as of March 2023. The foundation’s mission is to reduce inequalities among the lowest income segment of the country, not served by commercial banking. Genesis has 340,000 clients, out of which 72% are women entrepreneurs and 76% are served in rural areas of Guatemala.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Fundación Génesis Empresarial Undisclosed -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESO A LA INFORMACIÓN

Como parte de la divulgación ex ante de FMO (divulgación de transacciones antes de la contratación), puede enviar solicitudes o preguntas para obtener información adicional a:disclosure@fmo.nl

MECANISMO DE RESPONSABILIDAD DE FMO

Las comunidades que crean que se verán afectadas negativamente por un proyecto financiado por el Banco Holandés de Desarrollo (FMO) pueden presentar una queja ante el Mecanismo Independiente de Quejas, que es el mecanismo conjunto de rendición de cuentas independiente del Banco Holandés de Desarrollo (FMO) y el Corporación Alemana de Inversiones (KfW). Una queja puede presentarse por escrito, por correo electrónico, por correo postal o en línea. La denuncia puede presentarse en inglés o en cualquier otro idioma del denunciante. El Mecanismo Independiente de Quejas está compuesto por un Panel de Expertos Independientes de tres miembros y puede proporcionar resolución de problemas, revisión del cumplimiento o ambas, en cualquier orden. Puede encontrar información adicional sobre este mecanismo de rendición de cuentas, incluida una guía y una plantilla para presentar una queja, en: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works