FMO committed to become a strategic partner and invest USD 30 million in the Women Entrepreneurs Debt Fund which is managed by IFC Asset Management Company. The total targeted Fund size amounts to USD 150 million. the Fund will provide senior loans to local financial institutions globally across emerging markets, to be on-lent to women owned SME's ("WSMEs"). The Fund is part of the overall Women Entrepreneurs Opportunity Facility that was launched in March 2014 by IFC and Goldman Sachs Foundation.
Gender finance is becoming an increasingly important priority of impact investors and policymakers globally, and is showing to be a high potential market opportunity. Women across the globe are still an underserved market. The objective via this Fund is providing financing via targeted financial institutions to women owned or controlled SME's in emerging markets.
Project contacts not available at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/