As stated by the DFC, the Fund’s objective is to improve the lives of the underserved in sub-Saharan Africa, Latin America, South Asia, and South East Asia by providing credit to small and medium sized companies operating across the financial inclusion, healthcare, food security / agriculture, education, and energy access sectors.
The Fund is anticipated to have high development impact through its investments in innovative and inclusive business models focused on socially motivated enterprises and entrepreneurs. These groups seek to reduce poverty, address environmental challenges, and improve living conditions of people throughout the world in line with the SDGs.
As stated on the project summary, the capitalization of a fund is screened as a Category D activity for the purposes of environmental and social assessment.
In order to ensure that the Fund’s investments are consistent with DFC’s statutory and policy requirements, the Project will be subject to conditions regarding the use of the DFC proceeds and the Fund shall not invest in Category A projects.
The Fund is managed by Blue Earth Capital AG. As stated on their website, Blue Earth Capital is an independent global impact investment firm, headquartered in Zug, Switzerland with operations in New York, London and Konstanz, Guernsey and Luxembourg.
Financial Intermediary - Blue Earth Capital AG:
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability