EUR 5 million unsecured multicurrency (EUR or RON) loan to Agricover Credit IFN SA under the Resilience Framework.
The project will strengthen the company's funding position and will allow it to: i) pursue growth strategy aimed at assisting smaller farmers; ii) continue providing support to agri-business SME clients and thus reduce the risk profile of the end-borrowers. The EBRD financing will provide Agricover Credit IFN with additional comfort supporting its lending plan to the agribusiness SMEs in Romania.
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.