{"id":8249,"date":"2023-09-06T15:56:32","date_gmt":"2023-09-06T13:56:32","guid":{"rendered":"https:\/\/www.cardano.nl\/?post_type=cardano_fund&#038;p=8249"},"modified":"2025-07-03T11:49:13","modified_gmt":"2025-07-03T09:49:13","slug":"cardano-fmo-sme-finance-fund-i","status":"publish","type":"cardano_fund","link":"https:\/\/www.cardano.nl\/en\/our-funds\/cardano-fmo-sme-finance-fund-i\/","title":{"rendered":"Cardano-FMO SME Finance Fund I"},"content":{"rendered":"\n\n<div class=\"alignfull\"  data-name=\"acf\/block-hero\">\n\t<div class=\"hero bg-color--dark-green\" data-module=\"hero\">\n\t<div class=\"hero__inner\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col-12 col-md-8 col-lg-6\">\n\t\t\t\t\t<div class=\"group\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t<h1 class=\"\">\n\t\t\t\t\t\t\tCardano-FMO SME Finance Fund I\n\t\t\t\t\t\t<\/h1>\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"alignwide\" data-name=\"acf\/block-fund-information\">\n\t<h3 class=\"screen-reader-text\">Fund data<\/h3>\n\t<div class=\"flex flex-col gap-4\">\n\t\t<ul class=\"list-none p-0 grid grid-cols-2 gap-2 md:grid-cols-5\">\n\n\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tISIN\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"screen-reader-text\">No data available<\/span>\n\t\t\t\t\t\t\t\t&#8211;\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tNAV\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\t\u20ac1,300.98\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tTrading rate\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\t\u20ac1,300.98\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tDate\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\t31-03-2026\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tMorningstar\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t<div class=\"morningstar\">\n\t\t\t<span class=\"screen-reader-text\">Morningstar not available<\/span>\n\t\t<span aria-hidden=\"true\">N\/A<\/span>\n\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tSFDR\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t<div class=\"sfdr\">\n\t\t<span class=\"screen-reader-text\">SFDR<\/span>\n\t\t9\n\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tCategory\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\tImpact\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tCurrency hedging\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\tNon-hedged\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tRegime\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\tAIFMD\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t\t<li>\n\t\t\t\t\t<div class=\"fund-data\">\n\t\t<div class=\"fund-data__prefix\">\n\t\t\tRegion\n\t\t<\/div>\n\t\t<div class=\"fund-data__value\">\n\t\t\t\t\t\t\t\t\t\t\tEmerging Countries\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t\t<\/li>\n\n\t\t\t\t\t<\/ul>\n\t<\/div>\n<\/div>\n\n\n\n<p>The Cardano-FMO SME Finance Fund I has a sustainable investment objective. The fund provides capital to financial institutions in emerging and developing countries with the clear goal of improving access to credit for SMEs. These financial institutions, in turn, offer loans and other financial services to SMEs in these markets. The SME sector in these countries is relatively underdeveloped, and one of the main barriers to its further development is limited access to financial services. Seventy percent of SMEs in emerging markets are underserved. To improve access to capital for SMEs, Cardano Impact Investing collaborates with FMO. Cardano Impact Investing acts as the fund manager, while FMO is responsible for identifying and selecting suitable investments, conducting due diligence, monitoring the investments, and reporting on them.<\/p>\n\n\n\n<p>The investment committee of Cardano Impact Investing is responsible for making investment decisions and communicating with and maintaining relationships with (institutional) investors. Decisions are based on both financial and social or societal criteria. Proposals must meet the investment policy of Cardano Impact Investing in both areas. Once an investment decision is made, FMO ensures the timely and regular monitoring of investments and, if a financial institution encounters difficulties, finds adequate solutions that are socially and financially viable. Cardano Impact Investing reports to fund participants on a quarterly and annual basis.<\/p>\n\n\n\n\t<div class=\"aligncenter\" data-name=\"acf\/block-fund-documents\">\n\t\t<div class=\"flex flex-col gap-4\">\n\n\t\t\t<h2 class=\"h3\">Extra information<\/h2>\n\t\t\t<div class=\"flex flex-col gap-2 md:gap-4\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t<details class=\"fund-info group\">\n\t\t\t\t\t\t\t<summary class=\"fund-info__summary\">\n\t\t\t\t\t\t\t\t<h3>Fund documents<\/h3>\n\n\t\t\t\t\t\t\t\t<svg class=\"transition group-open:rotate-90\" aria-hidden=\"true\" width=\"18\" height=\"18\" viewBox=\"0 0 18 18\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t\t<path d=\"M8.29688 0.5625H9.70312C9.82812 0.5625 9.89062 0.625 9.89062 0.75V17.25C9.89062 17.375 9.82812 17.4375 9.70312 17.4375H8.29688C8.17188 17.4375 8.10938 17.375 8.10938 17.25V0.75C8.10938 0.625 8.17188 0.5625 8.29688 0.5625Z\" fill=\"currentColor\"\/>\n\t\t\t\t\t\t\t\t\t<path class=\"transition group-open:opacity-0\" d=\"M1.125 8.10938H16.875C17 8.10938 17.0625 8.17188 17.0625 8.29688V9.70312C17.0625 9.82812 17 9.89062 16.875 9.89062H1.125C1 9.89062 0.9375 9.82812 0.9375 9.70312V8.29688C0.9375 8.17188 1 8.10938 1.125 8.10938Z\" fill=\"currentColor\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t<\/summary>\n\t\t\t\t\t\t\t<div class=\"fund-info__content\">\n\n\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mt-4\">\n\t\t\t\t\t\t\t\t\t\t<ul class=\"flex flex-col gap-4 list-unstyled\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/14419\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2024 (pdf, 568.78 KB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/14421\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2023 (pdf, 1.07 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7168\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2022 (pdf, 1.40 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7170\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2021 (pdf, 1.27 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7172\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2020 (pdf, 1.92 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7174\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2019 (pdf, 1.77 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7149\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2018 (pdf, 1.30 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex items-center gap-2\" data-component=\"download\">\n\t<div class=\"w-[30px] h-[30px] sm:w-[40px] sm:h-[40px] bg-green text-black flex items-center justify-center rounded-full shrink-0 text-[18px] sm:text-[24px]\" aria-hidden=\"true\">\n\t\t<svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"w-[1em] h-[1em]\">\n\t\t\t<path d=\"M11.8523 15.4922C11.8699 15.5146 11.8923 15.5327 11.9179 15.5452C11.9435 15.5577 11.9715 15.5641 12 15.5641C12.0285 15.5641 12.0565 15.5577 12.0821 15.5452C12.1077 15.5327 12.1301 15.5146 12.1477 15.4922L14.7727 12.1711C14.8687 12.0492 14.782 11.8687 14.625 11.8687H12.8883V3.9375C12.8883 3.83437 12.8039 3.75 12.7008 3.75H11.2945C11.1914 3.75 11.107 3.83437 11.107 3.9375V11.8664H9.375C9.21797 11.8664 9.13125 12.0469 9.22734 12.1688L11.8523 15.4922ZM20.5781 14.6719H19.1719C19.0687 14.6719 18.9844 14.7562 18.9844 14.8594V18.4688H5.01562V14.8594C5.01562 14.7562 4.93125 14.6719 4.82812 14.6719H3.42188C3.31875 14.6719 3.23438 14.7562 3.23438 14.8594V19.5C3.23438 19.9148 3.56953 20.25 3.98438 20.25H20.0156C20.4305 20.25 20.7656 19.9148 20.7656 19.5V14.8594C20.7656 14.7562 20.6813 14.6719 20.5781 14.6719Z\" fill=\"#000230\"\/>\n\t\t\t<\/svg>\n\n\t<\/div>\n\t<div>\n\t\t<span class=\"screen-reader-text\">Download:<\/span>\n\t\t<a href=\"https:\/\/www.cardano.nl\/en\/download\/7151\/\" class=\"download__link\">Responsibility &#038; Impact report SME Finance Fund I 2017 (pdf, 2.60 MB)<\/a>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n","protected":false},"template":"","meta":{"_acf_changed":true,"editor_notices":[]},"cardano_morningstar":[],"cardano_sfdr":[30],"cardano_investment_category":[33],"cardano_ucit":[31],"cardano_currency_hedging":[40],"cardano_investment_solution":[],"cardano_region":[35],"cardano_target_audience":[34],"cardano_fund_pub_type":[],"class_list":["post-8249","cardano_fund","type-cardano_fund","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cardano-FMO SME Finance Fund I - Cardano - NL - English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cardano.nl\/en\/our-funds\/cardano-fmo-sme-finance-fund-i\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano-FMO SME Finance Fund I\" \/>\n<meta property=\"og:description\" content=\"The Cardano-FMO SME Finance Fund I has a sustainable investment objective. The fund provides capital to financial institutions in emerging and developing countries with the clear goal of improving access to credit for SMEs. These financial institutions, in turn, offer loans and other financial services to SMEs in these markets. 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