Social Performance Task Force
Status: Approved investmentWhy disclosure?
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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
The Social Performance Task Force (SPTF) and Cerise is a non-profit membership organisation with more than 4,800 members from all over the world.
What is our funding objective?
Through this project FMO would support SPTF/Cerise to identify and incorporate new client protection risks coming from digitisation of financial services, as part of the ongoing work with the Responsible Digital Financial Services Standards Working Group; update client protection-related tools and quality control; train experts on latest client protection best practices; and maintain IT Maintenance & improve communications with industry players.
Why do we fund this investment?
This project would contribute to making sure that vulnerable low-income clients are not exploited, and that financial products and services in developing economies help create better lives.
- Country
- Global
- Sector
- Financial Institutions
- Publication date
- 1/12/2023
- Effective date
- 12/15/2022
- Total FMO financing
- EUR 0.20 MLN
- Funding
- MASSIF