ACCION INTERNATIONAL (FMO-56802)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Myanmar
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 12, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Accion
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, this amount is converted to USD ($) on the date of disclosure. 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 Apr 25, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

How it works

How it works