• Bangladesh
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
Bank Risk Rating
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.
Sajida Foundation
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.50 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 Mar 13, 2020

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Project Description

According to bank website, "The proposed funding is a senior unsecured facility of USD 7.5 million, with a tenor of 5 years (1-year grace) from MASSIF. The loan will be used to finance Sajida's microfinance portfolio."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • Sajida Foundation -- Implementing Company

According to FMO, Sajida Foundation was set up in 1993 as a non-profit organization, with a view to improving the quality of life in the communities through sustainable and effective intervention. Sajida is dedicated to their raison d'etre of bringing health, happiness and dignity in the lives of the less fortunate. Apart from the micro finance programs, Sajida also offers vast array of social development programs funded by grants, and donation by International Donors in the area of health, education, community welfare and women empowerment. Sajida is the 7th largest microfinance institution in Bangladesh with USD 199 million in total assets and USD 34 million in equity, as on Q3 2019. Sajida has 199 branches serving more than 340,000 customers as on Q3 2019.

Contact Information

No contact information provided at the time of disclosure.


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: