As stated on the project disclosure page, the FMO offer[s] risk sharing facility to Terabank to support a new micro and SME loan portfolio of people from Georgia to support their income generating business activities.
FMO shares directly the risk of the loan portfolio of people and their enterprises with Terabank. As a result, the risk sharing facility increases Terabank's risk appetite and incentivizes it to finance the underserved and marginalized communities in Georgia.
As stated by the FMO, JSC Terabank is a universal commercial bank in Georgia focusing on SMEs, retail and digital channels for all banking products.
No project contacts available at the time of disclosure.
Financial Intermediary - JSC Terabank:
ACCESS TO INFORMATION
As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: firstname.lastname@example.org
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