SANASA DEVELOPMENT BANK PLC
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Sanasa Development Bank Plc (SDB) is transforming from an NGO-type Micro Finance Institution (MFI) focused entity to an SME bank targeting the lower end of the market.
What is our funding objective?
The objective of the project is to perform a Client Protection Assessment against the seven principles of the Smart Campaign at SDB.
Why do we fund this investment?
This project is in line with FMO’s strategy to endorse good social practices. FMO endorses the Smart Campaign and requires its clients to adhere to this level of practices.
What is the Environmental and Social categorization rationale?
P10002960-002
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| 11/21/2022 | USD 6.00 MLN |
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- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 12/2/2016
- End date
- 2/16/2017
- Total FMO financing
- EUR 0.01 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C