This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
GLOBAL PARTNERSHIPS (FMO-45021)

Regions
  • Africa
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.
Bank Risk Rating
U
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."
Investment Amount (USD)
Not Disclosed
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.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018

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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.

WHO IS OUR CLIENT

Global Partnerships (GP) is a nonprofit impact investor whose mission is to expand opportunity for people living in poverty. GP helps impoverished people increase their incomes and improve their lives by using philanthropic capital to identify promising, early-stage opportunities and loan capital to sustain and expand proven solutions to poverty.

FUNDING OBJECTIVE

The aim of this project is to support GP in expansion of its activities to Africa, with a focus on solar lighting, rural livelihoods focused on smallholder farmer services, and business education / financial literacy for primarily female microentrepreneurs. GP has opened an office in East Africa, from which its efforts in Africa--initially in Kenya, Rwanda, Tanzania and Uganda--will begin.

WHY WE FUND THIS PROJECT

The project is very highly aligned with FMO's strategy due to its focus on renewable energy solutions, smallholder farmers and female entrepreneurs targeting those at the base of the pyramid. Prior experience with GP has been very positive (in Latin America and the Caribbean) and the GP model has great potential for replication in Africa.

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.

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.

How it works

How it works