Lok Capital Growth Fund IV (FMO-56269)

Countries
  • India
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.
Project Status
Proposed
Bank Risk Rating
B
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.
Borrower
Lok Capital Growth Fund IV
The holder of the loan, grant, or other investment.
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)
$ 15.00 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 Sep 5, 2019

Disclosed by Bank Aug 28, 2019


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Project Description

According to the bank website, "FMO intends to commit to the Fund at First Close to support its fund raising and allow it to reach its target size of USD 150mln. The Fund will implement a strategy of supporting financial inclusion and nurturing affordable basic services in India. The Fund targets investments in several key sectors for FMO and its strategy is built around financial inclusion and providing affordable services to lower income customers (supporting SDGs 8-10). Lok Capital has achieved a strong track-record and shown a strong commitment to impact investing with its previous funds."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • Lok Capital Growth Fund IV -- Implementing Company
Contact Information

No project-specific 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