As stated by the FMO, the project objective is to expand the provision of masks to clients in need as well as staff. This would simultaneously benefit OP’s operations in the field, by building loan officer and client confidence to interact more safely. Additionally, this would enhance livelihoods for those clients engaged in producing the masks and promote environmental protection by encouraging the use of masks that can be washed and reused.
As stated by the FMO, CreditAccess Philippines Financing Company Inc. (aka One Puhunan) is a non-bank financial company that has been operational since February 2014. Headquartered in Manila, One Puhunan provides working capital loans to low income entrepreneurs as a direct response to the need of almost three-quarters of the Filipino population that is not adequately served by existing financial institutions. It operates in 9 regions of the country.
Financial Intermediary - One Puhunan (CreditAccess Philippines Financing Company Inc.):
Address: 42nd Floor, One San Miguel Avenue Office Condominium, San Miguel Avenue cor. Shaw Blvd., Brgy. San Antonio, Ortigas Center, Pasig City, Metro Manila
Phone: +63 (2) 2340845 / +63 (02) 8234 0845
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/