According to the bank document, "the intended USD 3mln in MMK (Kyat Myanmar) equivalent will support Maha in reaching out to its farmers and small business owners in rural Myanmar. This project is a good fit for MASSIF and FMO. Maha focuses on farmers (the agriculture sector represents 36% of GDP and employs 60% of the population, in rural areas (70% of population lives in rural areas). They provide microfinance in Myanmar".
Maha Agriculture Microfinance (Maha) is a licensed microfinance institution (MFI) operating in rural areas of Myanmar. Maha is owned by the Myanmar Awba Group (87%), an agricultural input distributor serving around 3.5 million farming families in Myanmar, and the International Finance Corporation (13%), a member of the World Bank Group. Maha as at May 2019 operates in 30 branches across 8 regions and provides financial services to over 33,000 clients, 90% of whom are farmers. Maha has a strong environmental focus, and is actively building a green portfolio.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||International Finance Corporation (IFC)||Investor||-|
|-||-||-||-||Maha Agriculture Microfinance||Client||-|
|-||-||-||-||Myanmar Awba Group Co., Ltd.||Parent Company||-|
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