Project detail - Social Performance Task Force

Social Performance Task Force

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

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

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
Deadline for feedback
1/12/2023
Effective date
12/15/2022
Total FMO financing
EUR 0.20 MLN
Funding
MASSIF