WHO IS OUR CLIENT
Arise is an investment and development company that was established by Norfund, FMO and Rabobank, under joint ownership. Norfund, FMO and Rabobank currently all hold stakes in several banks in Sub-Saharan Africa that they have agreed to transfer to Arise. Arise's aim is to contribute to the development of well-functioning and inclusive financial systems in Africa through a long-term perspective. Arise will continue to build strong locally owned financial service providers (FSPs) serving SMEs, the rural sector and clients who have not previously had access to financial services.
By teaming up, the three parties can ensure that more capital can be raised to support the growth strategies of the partners they invest in and that financial and agricultural expertise can be put to more effective use to enhance the impact in Sub Saharan Africa. Arise's ambition is to become the leading and most trusted investment and development partner for private sector FSPs in Sub-Saharan Africa. It is the ambition of the three parties to create the most pre-eminent long term bank investment company. It is anticipated that Arise will grow to a company with assets in excess of USD 1 billion over five years.
WHY WE FUND THIS PROJECT
The investment in Arise fits perfectly in FMO's strategy for the financial sector. Arise will be a proactive shareholder to its investees, providing knowledgeable board members and dedicated experts to support investee strategies to become sound and sustainable FSP's. Moreover, Arise will have a sufficient capital base to be able to provide adequate growth capital when required by the targeted investee companies. This capital will also be used for acquisitions in the market fitting the investment and development profile set by Arise. Arise can leverage on the extensive banking knowledge and valuable agri-banking expertise of its founding partners. This partnership will increase the availability of financial services to small and medium enterprises. Above all it will allow the people in Sub Saharan Africa to empower themselves by getting bank accounts and take loans and hence build a better life for their families.
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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/independent-complaints-mechanism.