According to the bank, FMO will provide a USD 10 million facility. The funds are utilized for the construction of a Robusta coffee mill and improvements in an existing mill in Nicaragua. The investments in San Carlos will increase the efficiency of the mill.
No information available at the time of the snapshot.
CISA is the market leader in Nicaragua and sources coffee from approximately 6,000 producers. The company has various programs in place to help some of their producers increase yields, become more climate resilient and increase their revenues. CISA will invest in a new mill processing Robusta coffee that will further incentivize the production of Robusta coffee and improve incomes among small producers in the impoverished Nueva Guinearegion of Nicaragua.
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