According to bank provided information, the proposed project consists of two stages:
The Project involves a 3-year senior loan of up to ZAR801 million (US$48 million equivalent) from IFC’s own account
First Capital Treasury Solutions was established in July 2009 focusing on providing value focused alternative investment asset class and today manages over N$1.2 billion in real estate assets in the affordable housing segment. Their main product offering is home loans targeted at the Government Institutions Pension Fund (GIPF) members. FCTS is a licensed asset manager and its financial services activities are tightly governed by the Namibian Financial Supervisory Authority (NAMFISA) who regulates non-bank financial services providers in insurance and asset management in Namibia.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org