- Date filed
- 12 December 2022
- Keywords
- Countries of harm
- Current status
-
Filed
- 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.
More details
- Defendant
- Company in violation
- Complainants
- Affected people