Alliance de Credit et d'Epargne pour la Production ("ACEP") Burkina Faso ("BF") is a young microfinance institution providing financial products and services customised for mainly micro-entrepreneurs and SMEs whose needs are not covered by commercial banks given their informal nature.
The EUR 3 mln loan facility to ACEP BF will support on-lending to MSMEs in one of the Least Developed Countries, hence aligning with FMO's strategic goal of Reducing Inequalities for the entire amount of the facility. The transaction is a new client for FMO and will also be the first FI-AF loan in Burkina Faso, it fits with FI-AF's strategy to reinforce its presence in francophone Africa.
No contact information provided at the time of disclosure
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