According to the Bank's website, this project provides financing to Armeconombank to finance their micro, small and medium-sized enterprises portfolio. The loan will especially be used to finance a combination of micro clients and eligible women and youth clients of Armeconombank.
According to the Bank, this project will have minimal or no adverse environmental and social impacts.
Armeconombank is a mid-sized universal bank with a focus on micro, small and medium sized enterprises and retail.
No contact information available at time of writing.
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