Original disclosure @ FMO website
Updated in EWS Jul 8, 2020
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According to the bank's website, "FMO's USD 20mln will be used for a USD 40mln facility equally split between OFID and FMO. The funds will support Sathapana in its growth ambition and their focus on MSMEs and the digitization plans. The funds will also improve its stable funding and interest rate profile."
No contact information provided at 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