Phnom Penh Post - Amret-FMO sign million-dollar loan facility

Amret PLC on Thursday signed a $50-million loan facility with FMO – Entrepreneur Development Bank, a Dutch development bank that supports sustainable private sector growth in developing and emerging markets by investing in businesses, projects, and financial institutions. Amret MFI CEO Dos Din and FMO chief risk and finance officer/management board member Fatoumata Bouaré, along with other senior management staff from both institutions witnessed the virtual signing ceremony. Dinn said at the event, “FMO has been one of our key shareholders and cooperative partners for more than 15 years in supporting Amret’s development. Today’s event is an essential milestone that demonstrates the strong cooperation between Amret MFI and FMO. With this $50 million facility, Amret will continue to provide financial solutions to support the agricultural sector; especially to budding women entrepreneurs through Amret’s Innovative Women Entrepreneur Loan.” PHOTOS SUPPLIED