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 28 Nov 2006
PDS Updated as of

Project Name
Country Cambodia
Project/Program Number 30237-013
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


Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)

Safeguard Categories

For more information about the safeguard categories, please see

Environment B

Summary of Environmental and Social Issues

The environmental impact of the Project will be positive. By installing sound practices for environmental management in microfinance activities of the prospective LFIs, the Project will be able to avoid adverse environmental impacts and to safeguard and enhance the natural resource base in the country.

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation


The primary objective of the Project is to develop effective financial services in the rural areas, which will provide poor households with better access to rural finance. This will be based on a private sector initiative of NGOs that have demonstrated viable systems of credit delivery and achieved substantial outreach. The Project scope will include the provision of credit lines to finance income-generating activities of the rural poor, support for rural credit and savings schemes of LFIs, and provision or Project management support for the RDB, which will channel funds to LFIs. The Project will cover the operations of LFIs throughtout Cambodia, but will be initially implemented mainly in the northwestern, eastern and southern regions, where the MFIs are currently active.

Project Rationale and Linkage to Country/Regional Strategy

Cambodia is one of the world's lowest-income countries. About 90 percent of the country's poor people live in the rural areas. The lack of access to reliable financial services is a major constraint to the reduction of rural poverty in Cambodia. No formal financial services exist in the rural areas. Of the country's 24 provinces, 15 have no commercial bank branches. In the provinces where branches exist, they are located only in primary towns. To make up for this deficiency, NGOs have been providing rural households with credit and savings services and have reached about 11 percent of rural households. Most rural households, however, have no access to financial services and rely solely on informal moneylenders and middlemen in agricultural trade, who charge high interest rates often up to 10 percent per month. Reliance on these moneylenders makes it difficult for the poor to escape from their poverty cycle. Despite the large unmet demand for rural credit, estimated in the range of $50-100 million, the expansion of NGOs' rural credit is being constrained by the limited sources of financing. Thus, there is a strong need for capital injection and savings mobilization to provide increased access to financial services for the rural poor. The Project supports the operational strategy of the Asian Development Bank (ADB) for steady reduction of poverty in Cambodia, and will contribute to the development of sound regulatory and institutional frameworks, which are essential for sustainable microfinance services in the rural areas.

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
Consulting Services
A total of 6 person-months of international and 9 person-months of domestic consulting services will be provided under the Project to support the PMU in Project implementation. The consultants will be engaged in accordance with ADB's Guidelines on the Use of consultants and other arrangements satisfactory to ADB for the engagement of domestic consultants.
The Project requires the procurement of service vehicles, equipment and small civil works for RDB. Supply contracts and civil works envisaged under the Project will be limited in size, and will be awarded on the basis of direct purchase or local competitive bidding procedures in accordance with ADB's Guidelines for Procurement. RDB should ensure that the goods and services procured are reasonably priced and suitable for the project activities, and that fair canvassing is done in selecting suppliers. With respect to the procurement of goods and services to be made by LFIs and their subborrowers under the Project, normal commercial practices appropriate under the circumstances in the local trade will be applicable.
Procurement and Consulting Notices


Concept Clearance
Fact-finding 15 Mar 1999 to 29 Mar 1999
Management Review Meeting 18 May 1999
Approval 27 Apr 2000
Last Review Mission


Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Loan 1741 27 Apr 2000 07 Jul 2000 29 Mar 2001 29 Mar 2006 25 Oct 2006
Technical Assistance 2818 26 Jun 1997 14 Jan 1998 14 Jan 1998 28 Feb 1999


Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
16 Sep 2014 Loan 1741 0 0 97.00%
Cumulative Disbursements
16 Sep 2014 Loan 1741 0 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 1741

Contacts and Update Details

Responsible ADB Officer
Responsible ADB Department Southeast Asia Department
Responsible ADB Divisions Country Coordination and Regional Cooperation Division, SERD
Executing Agencies National Bank of Cambodia
Ms. Tal Nay Im

Rural Development Bank
Dr. Vong Sandap


Project Website
List of Project Documents