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 13 Dec 2006
PDS Updated as of 14 Feb 2008

Project Name Microfinance Sector Development Project (formerly Rural Microfinance)
Country Pakistan
Project/Program Number 29229-023
Status Approved
Geographical Location Nationwide
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)
Loan1806-0
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

Microfinance bank (MFB) has established an environment unit at MFB head office to mainstream environment aspects. The environment review manual has been issued and the staff have received training to discuss environmental issues linked to microfinance loans with community organisations (COs).

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

Extensive consultations with stakeholders were carried out during the project preparation and implementation.

During Project Design
During Project Implementation

Description

The Project's objective is to leverage policy actions implemented under the policy loan part of the MSDP to improve the socioeconomic status of the poor, especially women. This is to be accomplished by increasing investment, incomes, and employment through supports provided to expand outreach, enhance social capital, and strengthen institutions. The Project scope includes (i) a credit line of $68 million equivalent to support investments in farm and nonfarm income generating activities; (ii) community organization and skills development, with special emphasis on women, and the provision of basic community infrastructure; and (iii) institutional strengthening of the implementing and executing agencies.

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 2006 Dec 13
Consulting Services
A total of 66 person-months of international and 37 person-months of domestic consulting services will be required. All consultants to be financed from the proceeds of the ADB loan will be recruited in accordance with ADB's Guidelines on the Use of Consultants. Consultants will be recruited by SBP for policy-related issues, and by MFB for all other purposes.
Procurement
Procurement of goods and services will be subject to the provisions of ADB's Guidelines for Procurement. Vehicles and office equipment will be procured through international competitive bidding procedures for packages exceeding $500,000 equivalent, and through international shopping procedures for packages between $100,000 and $500,000 equivalent. For packages below $100,000 equivalent, direct purchase may be used. Using MSDF and CIF interest revenue, MFB will contract out the major part of CO formation, all CO training, and implementation of community infrastructure projects to NGOs that demonstrate competitive capability for this. The selection criteria for NGOs will be agreed to by ADB and the work will be awarded through a transparent process. Planning for CO formation will be based on joint discussions between MFB and NGOs at the field and head office levels, and be subject to quarterly reviews. The NGO service providers will be hired based on partnership agreements that include gender outreach targets.
Procurement and Consulting Notices
http://www.adb.org/projects/29229-023/business-opportunities

Timetable

Concept Clearance
Fact-finding 05 Jun 2000 to 23 Jun 2000
Management Review Meeting 27 Jul 2000
Approval 13 Dec 2000
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Loan 1806 13 Dec 2000 06 Feb 2001 09 Feb 2001 30 Jun 2007 22 Apr 2008

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
29 Aug 2014 Loan 1806 0 0 0.00%
Cumulative Disbursements
29 Aug 2014 Loan 1806 74,200 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 1806

Contacts and Update Details

Responsible ADB Officer Ashok Sharma (asharma@adb.org)
Responsible ADB Department Central and West Asia Department
Responsible ADB Divisions Regional Cooperation and Operations Coordination Div, CWRD
Executing Agencies State Bank of Pakistan
Zulfikar A. Khokhar

Links

Project Website http://www.adb.org/projects/29229-023/main
List of Project Documents http://www.adb.org/projects/29229-023/documents