• Tanzania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 22, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
NMB Bank Plc
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 11.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 15, 2023

Disclosed by Bank Mar 13, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.


NMB Bank Plc. ("NMB") is one of the largest commercial banks in Tanzania, providing banking services to individuals, MSMEs, agribusinesses and corporates. NMB has an extensive network of agents, branches and ATMs spread across Tanzania and is enabling access to finance to end clients across the country.


FMO is providing a USD 11 mln NASIRA Risk Sharing Facility (with a possibility to top-up to USD25million within 1 year of effectiveness). The facility will be geared towards NMB's loans to MSMEs with a specific focus on the agriculture value chain being a key driver of the Tanzanian economy.


NMB plays an important role in contributing to financial inclusion by serving the MSME segment that has difficulties in getting loans from financial institutions. The Risk Sharing Facility (RSF) will help the bank expand its business with MSMEs with a particular focus on MSMEs led by women, youth and operating in the agriculture sector. These clients often have a higher risk profile and have limited access to collateral and credit histories, which limits their ability to access financing. By sharing in the credit risk for the underlying loan portfolio, FMO will be helping NMB to offset the increased risk and enable them to further grow their loan portfolio and increase the financing for MSMEs.


The client is categorised as E&S Category A in accordance with FMO's Sustainability Policy and based on the overall loan portfolio for NMB and their increasing exposure in the corporate sector. To tackle the increased E&S risks, an E&S Action Plan has been developed and agreed upon as part of the recent senior loan facility. Although, the underlying portfolio covered by this NASIRA facility will have lower E&S risk given the focus on MSMEs and low loan sizes to end-clients, the overall categorization and the same requirements will apply to the client.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl


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

How it works

How it works