Original disclosure @ FMO website
Updated in EWS Apr 9, 2018
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Huozhi is a social impact enterprise designed to cut transaction costs and risk out of aid to crisis zones by providing a vehicle for donations of safe and direct financial assistance to 'unbankable' people. Huozhi was started with the purpose to enable more families to stay in their home country with dignity, allow local business to survive and rebuild, and support donors to optimize value for money while reducing the risk of financial crime.
This convertible grant will support Huozhi in their start-up phase. In particular, the funds will be used to develop and run a pilot of the full Huozhi system in MASSIF countries.
*No project contacts were 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/independent-complaints-mechanism.