Donor: Netherlands Development Finance Company (FMO)
Application procedure: Letter of Inquiry
Donor base: Netherlands
Reference number: -
Eligible applicants: Non-Profit Organisation, Social Business
Deadline: ongoing

Financial details

Grant size: Medium - up to $1,000,000
Minimum grant size: -
Total available budget: -
Funding type: Equity, Loans, Other
Maximum grant size: -
Funding ratio: up to 100%


  • Agriculture & Rural Development
  • Capacity Building
  • Children & Youth
  • Economic Development
  • Other
  • Social Inclusion
  • Women & Gender

Project Locations

  1. Africa

      Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

  2. America

      Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela

  3. Asia

      Afghanistan, Azerbaijan, Bahrain, Bangladesh, Bhutan, Brunei, Cambodia, China, East Timor, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Oman, Pakistan, Palestine, Philippines, Qatar, Russian Federation, Saudi Arabia, Singapore, South Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Vietnam, West Bank and Gaza, Yemen

  4. Europe

      Albania, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Kosovo, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine


1) Objective

The MASSIF fund provides much needed financial resources to small businesses and micro-entrepreneurs (MSMEs) by supporting the local financial intermediaries and institutions that can contribute to their development. MASSIF invests through a variety of instruments, from local currency debt and mezzanine structures to direct equity and investment funds. MASSIF also offers capacity development (CD) grants to strengthen its investees; these funds are deployed to finance risk management systems, management training, product development, independent board seats, and other capacity-building projects.

Within a selected set of mostly low income countries, MASSIF focuses on:

  • The Unbanked: Micro, Small and Medium Enterprises (MSMEs) in least financially penetrated and fragile countries
  • Agriculture and Rural Livelihoods: Small businesses in rural areas and agricultural value chain to improve the livelihoods in these communities
  • Women-owned businesses and youth entrepreneurs: Creating opportunities and promoting gender equality
  • Innovations in Inclusive Business: Access to basic Goods and Services

2) Eligibility

MASSIF clients can be (1) SME or commercial banks looking to expand client base by downscaling, (2) Microfinance intermediaries seeking to broaden their services in rural areas or (3) Non-governmental organizations looking to professionalize and transition into official finance entities.

3) Location

MASSIF provides funding to developing countries in Africa, Asia, Europe and Latin America.

4) Budget

There are no indications on budget limits.

5) Application

Interested organisations can get in touch with the MASSIF team anytime via the online form on their website.

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