According to the FMO website, the objective of this project is to "incentivise technology companies to come up with solutions linking geodata to rural finance. FMO's contribution in the form of a pure grant will support both the organization of NpM's Innovator's Challenge (through Accenture) as well as the cash prize for one of the enterprise winners through a joint-effort with Rabobank Foundation and the Bill & Melinda Gates Foundation.
The Innovator’s Challenge adds value through the use of geodata for agricultural production that might result in increased access to financial services for smallholder farmers. It indirectly supports an initiative that leads to improved social outcomes for the BoP and vulnerable populations.
As stated by the FMO, the recipient of the FMO's grant is NpM - Platform for Inclusive Finance. Together with the Dutch Ministry of Foreign Affairs, NpM’s 14 members share a commitment to expanding access to finance in underserved regions and to anticipate the changing need in the sector to grow towards a responsible industry. NpM’s members are active in over 97 countries and have committed EUR 4 billion to the inclusive finance sector.
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|Private Actor 1 Role
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|NpM - Platform for Inclusive Finance
*No project contacts available at the time of disclosure.*
Client - NpM-Platform for Inclusive Finance:
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