Original disclosure @ FMO website
Updated in EWS Dec 20, 2023
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According to the FMO, this investment aims to to co-fund a 2-year project aimed to design, pilot and roll out an index-based agricultural microinsurance product for agricultural and rural (current and potential) entrepreneurs in rural Nicaragua.
The FMO is involved in this project because they believe that "the creation of an index-based agricultural microinsurance product is a very innovative initiative especially for Latin America. This is in line with FMO's strategy."
The FMO will invest EUR 0.06 million in this project through their MASSIF fund.
As stated by the FMO, Incofin IM is a European-based microfinance fund manager with more than USD 858 M under management. It is the fund advisor for Rural Impulse Fund (RIF) I and in RIF II in which FMO has invested. The FMO recently invested USD 5 million to the Fair Trade Access Fund and committed recently USD 10 million to agRIF.
No project contacts provided at the time of disclosure.
Financial Intermediary - Incofin Investment Management:
Address: Sneeuwbeslaan 20 PB 2, 2610 Antwerp, Belgium
Phone: +32 3829 2536
Fax: +32 3740 7828
Email: Loic.decanniere@incofin.com
Website: https://incofin.com/
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/