The Funding Objective is to provide a USD 5 mln loan in MMK equivalent to Proximity Finance. The funds will be used to on-lend to micro entrepreneurs in rural areas of Myanmar.
Proximity Finance (‘PF’) started in 2012 as a microfinance program under Proximity Designs (‘’PD") NGO, as an initiative following the devastating consequences of cyclone Nargys. In 2018, PF became a separate legal entity, as part of the professionalization process of PF.
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/