Date filed
12 December 2022
Keywords
Countries of harm
Current status
Under review
Sector
NCP

Allegations

On 12 December 2022, three NGOs – Cambodian League for the Promotion and Defense of Human Rights (LICADHO), Equitable Cambodia (EC) and FIAN Germany – filed a complaint against Oikocredit at NCP Netherlands. Oikocredit is a global ‘social’ or ‘impact’ investor headquartered in the Netherlands. The complainants allege that Oikocredit has failed to conduct adequate due diligence on its investments in Cambodia’s microfinance sector since at least 2017, despite evidence of harms directly linked to those investments. They also claim that Oikocredit refused to engage safely with local stakeholders as part of its due diligence processes, despite repeated requests from local groups and concerns about reprisals.

In February 2022, LICADHO and EC filed complaints on behalf of affected borrowers against several of the microfinance institutions (MFIs) funded by Oikocredit at the Compliance Advisor Ombudsman (CAO) of the International Finance Corporation.

 

Outcome

On 15 September 2023, the Dutch NCP accepted the complaint and offered its good offices to the parties. Both parties accepted the offer.

More details

Documents