Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 01 Feb 2007
PDS Updated as of 02 Feb 2007

Project Name Rural Livelihood
Country Bangladesh
Project/Program Number 26624-013
Status Approved
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector Finance
Subsector Microfinance
Strategic Agendas
Drivers of Change
Gender Equity and Mainstreaming Categories

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Loan1634-0
TOTAL US$ 0

Safeguard Categories

For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories

Environment B

Summary of Environmental and Social Issues

An initial environmental examination was undertaken.

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

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

Development Impact

Project Outcome

Description of Outcome
Progress Towards Outcome

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2007 Feb 01
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.
Procurement and Consulting Notices
http://www.adb.org/projects/26624-013/business-opportunities

Timetable

Concept Clearance 23 Dec 1994
Fact-finding 01 Dec 1996 to 19 Dec 1996
Management Review Meeting 04 Mar 1998
Approval 29 Sep 1998
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Loan 1634 29 Sep 1998 19 Nov 1998 22 Mar 1999 30 Jun 2005 30 Jun 2007 22 Nov 2007

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
14 Sep 2014 Loan 1634 32,193 0 96.00%
Cumulative Disbursements
14 Sep 2014 Loan 1634 33,419 0 100.00%

Status of Covenants

Covenants are categorized under the following categories—audited accounts, safeguards, social, sector, financial, economic, and others. Covenant compliance is rated by category by applying the following criteria: (i) Satisfactory—all covenants in the category are being complied with, with a maximum of one exception allowed, (ii) Partly Satisfactory—a maximum of two covenants in the category are not being complied with, (iii) Unsatisfactory—three or more covenants in the category are not being complied with. As per the 2011 Public Communications Policy, covenant compliance ratings for Project Financial Statements apply only to projects whose invitation for negotiation falls after 2 April 2012.

Approval No. Category
Sector Social Financial Economic Others Safeguards Project Financial Statements
Loan 1634

Contacts and Update Details

Responsible ADB Officer Mayumi Ozaki (mozaki@adb.org)
Responsible ADB Department South Asia Department
Responsible ADB Divisions Public Management, Financial Sector and Trade Division, SARD
Executing Agencies Bangladesh Rural Development Board
S.M. Shafiqul Haque

Sonali Bank
Md. Abu Bakar

Links

Project Website http://www.adb.org/projects/26624-013/main
List of Project Documents http://www.adb.org/projects/26624-013/documents