FMO is providing a USD 10 million senior unsecured loan to facilitate the finance of Access Bank's small and medium-sized enterprises (SME) portfolio in the DRC. The project has a strong emphasis on social and environmental safeguards, particularly on potential human rights impacts.
Access Bank DR Congo SA is a subsidiary of long-standing client Access Bank Plc of Nigeria. Access Bank is part of a pan-African financial group listed on the Nigerian Stock Exchange. It strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant.
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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