Danamon Finance (IFC-600755)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PT. Danamon Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 31, 2019

Disclosed by Bank May 12, 2015


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Project Description

IFC will support Bank Danamon in the following areas:

(i) Help the bank develop a detailed understanding of the agricultural potential, as well as identify financing opportunities and risks by regions, thereby enabling the bank to select regions and design customized products for various segments.

(ii) Enhance the risk assessment process by introducing customized loan appraisal forms and methodologies, risk assessment processes and cash flow analysis to collect, analyze socio-economic data, and design loans in a systematic manner.

(iii) Enhance staff capacity by introducing well-defined agri-finance training curriculum and modules, as well as organizing training of trainer sessions.

(iv) Increase the outreach of the bank by leveraging the knowledge and network of value chain players, thereby increasing the productivity and cost efficiency in rural areas.

People Affected By This Project

The proposed project will support PT. Danamon Indonesia, Tbk. (Bank Danamon or the Bank) to expand sustainably its rural lending portfolio through the Self Employed Mass Market Division of the Bank. IFC will support the Bank to implement a rural business model which manages agricultural risks integrally and targets the rural sector, farmers and rural businesses as a whole.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/