AccessBank, one of Azerbaijan’s leading financial institutions specializing in financing micro, small, and medium-sized enterprises (MSMEs), is pleased to announce the signing of a new three-year, multi-currency senior loan agreement totaling USD 25 million with FMO – the Dutch Entrepreneurial Development Bank (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.).

The funds will be used to support micro-entrepreneurs and small and medium-sized enterprises, with a particular focus on women-led, youth-led, and agricultural businesses in Azerbaijan. The investment has been fully designated under the “Reducing Inequalities” label, with 100% of the facility amount contributing to inclusive economic development in the country.

FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track-record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13.5 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl

Through this collaboration, AccessBank continues to strengthen its mission of supporting entrepreneurship, green initiatives and sustainable economic growth in Azerbaijan.