FMO's total loan of USD 25.5mln will be partly dedicated to financing SME clients and green projects, thereby contributing to decent work and economic growth activities and supporting climate action. It will also partly support the capital position of the financial institution. The total USD 25.5mln transaction refers to a committed tranche of USD 15mln, an un-committed tranche of USD 7.5mln (which may be activated) and a sub-debt loan of USD 3mln.
Financiera Desyfin S.A. ("Desyfin") is a regulated non-banking financial institution in Costa Rica. Desyfin's core business is providing credit and other financial products (e.g. factoring and leasing) to the lower end of the SME segment.
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/