Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), a Dutch development bank, has partnered with Triodos Bank, a company with branches in the Netherlands, Belgium, Germany, the United Kingdom, and Spain, to start an online magazine Upsides (www.upsides.com) focusing on responsible finance and sustainable development in emerging markets. The magazine highlights sustainable development food and agriculture, energy and climate, and housing and infrastructure in Latin America, Asia and Africa. Features include interviews with entrepreneurs, business leaders and bankers; photo essays; and articles. Upsides also publishes a free monthly email newsletter to which you may subscribe by registering on the website.
In 2010, Triodos Bank reported total assets of EUR 3.4 million (USD 4.4 million). In the same year, FMO disbursed approximately EUR 2.5 million (USD 3.3 million) in loans.
About Triodos
Based in the Netherlands, Triodos Investment Management manages several funds that provide risk capital including Triodos Venture Capital Fund BV and Triodos Ventures BV. The firm invests in financial sector development in developing countries, renewable energy finance and venture capital. Triodos also manages four microfinance investment funds: the Hivos-Triodos Fund, the Triodos-Doen Foundation, the Triodos Fair Share Fund and Triodos Microfinance Fund. As of December 31, 2010, Triodos’ four microfinance funds had USD 338 million in assets under management.
About Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV
The Netherlands Development Finance Company (FMO) is a public-private development bank which supports financial institutions and countries through “loans, participations, guarantees and other investment promotion activities.” It was founded in 1970 by the “Dutch government, private sector, employers and employee organizations.” It has access to government funds and therefore can take higher risks with their investments including long-term finance. It also specializes in local-currency finance. In 2010, FMO distributed approximately EUR 2.5 million (USD 3.3 million) in loans.
By Charlotte Newman, Research Associate
Sources and Additional Resources:
Information sent to MicroCapital from Triodos Bank, “Press Release: FMO and Triodos Bank Launch Upsides.com”
Triodos Bank: Annual Report 2010: http://report.triodos.co.uk/en/2010/financials/consolidatedfinancialstatements/balancesheet.html?cat=m
MicroCapital.org story, October 15, 2011, “MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Advans Ghana, KixiCrédito of Angola, TYM Fund of Vietnam, Belarusian Bank for Small Business,” https://www.microcapital.org/microcapital-brief-triodos-invests-in-microfinance-institutions-mfis-advans-ghana-kixicredito-of-angola-tym-fund-of-vietnam-belarusian-bank-for-small-business/
MicroCapital Universe Profile: Triodos Investment Management
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Triodos+Investment+Management
MicroCapital Universe Profile: Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Nederlandse+Financierings-Maatschappijvoor+Ontwikkelingslanden+N.V.+%28Netherlands+Development+Finance+Company%2C+FMO%29
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