According to bank documents, FMO is providing a 4-year USD 10mln loan to further grow the SME loan portfolio, particularly in USD earning businesses such as trade and manufacturing.
First Capital Bank Zambia (“FCBZ”) is a full-service commercial bank offering financial products and services to corporate and retail market sectors. It has a strong corporate and SME customer base of 8,000, served by 6 branches and 99 employees, and a 1.3% market share of the banking sector total assets. FCBZ is part of the Southern African banking group, FMBcapital Group, that has banking subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. The group has 840k clients, 1,800 employees, an aggregate loan portfolio of over USD 400mln and total assets of over USD 1,100mln.
*Contact information not provided 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