This investment aims to to co-fund a 2-year project aimed to design, pilot and roll out an index-based agricultural microinsurance product for agricultural and rural (current and potential) entrepreneurs in rural Nicaragua.
The FMO is involved in this project because they believe that "the creation of an index-based agricultural microinsurance product is a very innovative initiative especially for Latin America. This is in line with FMO's strategy."
Incofin IM is a European based microfinance fund manager with more than USD 858 M under management, with management and investment in several rural and agriculture focused funds.
The FMO will invest EUR 0.06 million in this project through their MASSIF fund.
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/