NPM NETHERLANDS PLATFORM FOR INCLUSIVE FINANCE (FMO-54864)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 11, 2019


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Project Description

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.

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."

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

*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