ACCION INTERNATIONAL (FMO-56802)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Myanmar
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
Active
Bank Risk Rating
U
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.
Voting Date
Sep 12, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Accion
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 Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.27 MLN
Converted using 2019-09-12 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 23, 2020


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Project Description

Founded in 1961, Accion is a global non-profit organisation committed to creating a financially inclusive world, with a pioneering legacy in microfinance and impact investing. It catalyses financial service providers to deliver high-quality, affordable solutions at scale.

This framework agreement will enable Accion to provide support to FMO Clients across the globe, strengthening their capacities to empower entrepreneurs and contributing to building a better world. In 2019, it is expected to support clients such as DAWN and PGMF in Myanmar, and to multiple clients worldwide through the Africa Board Fellowship and the Fintech CEO Forum and Financial Inclusion Summit, among others. The framework agreement aims to build value among FMO Clients by improving their strategic, technical, and operational leadership, either through traditional consultancy projects or through networking and convening activities.

The framework is closely aligned with FMO’s strategy as it strives to deepen relationships with our clients, create high-impact portfolios, and to generate higher productivity among current and potential clients through the dissemination of FMO’s knowledge across sectors and regions. Moreover, Accion has proven to be a capable and reliable partner in the development ecosystems where collaboration increases and innovation thrives.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

No contact information provided at the time of disclosure