Review on FMO by Inioluwa Okedeji
FMO: A Dutch Development Bank With The Goal Of Empowering Entrepreneurs In Other To Make The World A Better Place.
FMO is a Dutch organization with the goal of empowering entrepreneurs around the world. The aim of this organization is based on the fact that empowering entrepreneurs will make the world a better place to live in.
A visit to FMO's official platform made me realize that FMO is not just an organization but is actually a development bank for entrepreneurs.
Of recent, because of the worldwide pandemic, their focus has been shifted to curbing and managing the impact of the pandemic. Although this is still in line with their mission, which is making the world a better place, and helping and rendering assistance to people including entrepreneurs affected by the pandemic can be seen as doing just that.
FMO also provides investment services for their direct audience, entrepreneurs and the public. These investments are in key sectors of the global market so as to ensure its sustainability. Part of these sectors include the Agribusiness sector and the Energy sector. Financial institutions and most especially Dutch businesses also benefit greatly from the services that FMO provides.
Another way that FMO empowers entrepreneurs is by giving out loans, this will do well to help out entrepreneurs with little or no capital to start or advanced their entrepreneurship business. These loans are provided in short-term periods, medium-term and long-term periods. I also found out that they also give out a period of grace for lengthy repayments where they're needed.
In other to be closer to their target audience, FMO has offices in South Africa, Singapore, Kenya and in the Netherlands where it's based.
Finally, all that I've mentioned above I see as the qualities that make FMO the perfect organization suitable of empowering entrepreneurs world wide and indeed making the world a better place.
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Pros
- FMO provides sustainable investments opportunities with its integration in different sectors of the global market.
- FMO also offers loan grants that are based on different time periods.
- I also discovered that the FMO platform is also a form of news outlets where the public can be notified about the happenings around the world and most especially in the financial industry.
Cons
- I didn't discover any shortcoming or disadvantage to the services FMO provides, although I think there's need to improve the number of branches to other countries so as that more entrepreneurs can benefit from their services.
