In 2013, Goodwell was mandated by the Dutch Ministry of  Foreign Affairs to review the MASSIF Fund which is managed by FMO. MASSIF provides financial resources to small businesses and micro-entrepreneurs (MSMEs) by supporting the local financial intermediaries and institutions that can contribute to their development.

Goodwell’s role was to:

  • Review the current investment portfolio of MASSIF to get a better insight in the risk and financial return as well as the effectiveness of the impact measurement system;
  • Review whether, and if so how, private funds can be most effectively catalysed by MASSIF.

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