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You are in Direct - Inclusive Finance » PIIF Principle 3: Fair treatment
Possible action:
Provide financing in an appropriate currency and tenor.
As indicated in the semi-annual report 09/2019, 81% of the portfolio is in local currency. Where possible such a strategy is being favoured by LMDF as it facilicates currency management at the investee level.
Actively support the building of a diversified funding base.
Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.
Initial discussion with MFIs through a detailed term sheet and timely submission of the full contract for review of MFIs.
Key is a dialogue between MFI and the opportunity to justify any breach and propose an action plan to address the situation.