Project Name Rural Livelihood
Project Number 26624-013
Country Bangladesh
Project Status Approved
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Inclusive finance
Gender Equity and Mainstreaming
Description

The objectives of the Project is to support the Government's poverty reduction efforts through the creation of sustainable farm and nonfarm employment. A corollary objective of the Project is to transform successful cooperatives of the RPCP into sustainable microfinance institutions (known as DBBs). The Project comprises four components: (i) the formation of landless poor societies and the provision of microfinancial services to society members; (ii) project management; (iii) the declining support of the RPCP; and (iv) support of a pilot DBB to be created under a TA proposed to accompany the Project.

The Project aims to mobilize and provide support for more than 500,000 members to start microenterprises and income-generating activities. Of these members, 246,000 would be new members and the rest would be existing participants of the RPCP. The Project area will cover 152 thanas (sub-districts), of which 70 thanas are depressed and underdeveloped with a large proportion of poor. The remaining 82 thanas comprise the RPCP areas and require a small amount as further support until they become self-sustainable.

Project Rationale and Linkage to Country/Regional Strategy
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Safeguard Categories
Environment B
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services About 15 person-months of domestic consultants will be required to provide assistance in training and financial systems development. Domestic firms will be engaged (according to Bank's Guidelines on the Use of Consultants and other arrangements satisfactory to the Bank with respect to domestic consultants) to undertake field surveys, midterm evaluation, and independent audits of TBCCAs. Selection and engagement of consultant trainers for local awareness and employable skills training of the poor, to be financed from the loan proceeds, will be undertaken in accordance with the Borrower's procedures acceptable to the Bank.
Procurement Goods and services for the Project will be acquired in accordance with the Bank's Guidelines for Procurement. Procurement under the microcredit component will follow the Bank's Guidelines for Procurement for small-scale projects under development finance institution (DFI) loans.
Responsible ADB Officer ADB Disclosure
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Bangladesh Rural Development BoardS.M. Shafiqul Haquepdrlp@bdonline.com5, Kawran Bazar, Dhaka-1215, Bangladesh
Sonali BankMd. Abu BakarHead Office, Motijheel, Dhaka, Bangladesh
Timetable
Concept Clearance 23 Dec 1994
Fact Finding 01 Dec 1996 to 19 Dec 1996
MRM 04 Mar 1998
Approval 29 Sep 1998
Last Review Mission -
PDS Creation Date 01 Feb 2007
Last PDS Update 02 Feb 2007

This project data sheet was generated from http://www.adb.org/projects/26624-013/main on 28 August 2015