Through the proposed financing, Supervielle will be able to provide longer tenor financing to SME clients, which support (formal) job creation and help develop the Argentine economy.
FMO's loan will be used for on-lending to SMEs, a segment that extensively lacks financing for working capital and investments
The bank did not provide information about the investment type at the time of publication of this snapshot
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