Lao People's Democratic Republic: Rural Finance Sector Development Program (Program Loan)

Sovereign Project | 33357-013

Summary

To promote the development of a sustainable and market-oriented rural and microfinance sector. It will assist the Government to implement the policy reforms embodied in its strategy to promote rural and microfinance sector.

Latest Project Documents

Project Results

 

11,695

microfinance loan accounts opened / end borrowers reached


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Project Name Rural Finance Sector Development Program (Program Loan)
Project Number 33357-013
Country Lao People's Democratic Republic
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Grant 9095-LAO: Rural Finance Sector Development Program (Program Loan)
Japan Fund for Poverty Reduction US$ 1.98 million
Loan 2252-LAO: Rural Finance Sector Development Program (Program Loan)
Asian Development Fund US$ 7.68 million
Loan 2253-LAO: Rural Finance Sector Development Program (Project Loan)
Asian Development Fund US$ 2.32 million
TA 4827-LAO: Institutional Strengthening for Rural Finance
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Finance - Finance sector development
Gender Equity and Mainstreaming
Description To promote the development of a sustainable and market-oriented rural and microfinance sector. It will assist the Government to implement the policy reforms embodied in its strategy to promote rural and microfinance sector.
Project Rationale and Linkage to Country/Regional Strategy The country strategy identifies the development of rural and microfinance as a priority area to support economic growth, poverty reduction, and private sector growth.
Impact To reduce poverty and promote sustainable growth in rural areas
Project Outcome
Description of Outcome To promote a sustainable and marketoriented rural and microfinance sector
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Enabling policies and strategy for rural and microfinance

Sound prudential regulatory and supervisory environment for public and priate rural and microfinance institutions

Supportive non-prudential regulations for rural and microfinance

APB restructured, restored to financial health, and operating on a commercial and autonomous basis with extended outreach

BOL capacity enhanced to effectively apply the regulatory and supervisory regime to MFIs

A diverse, sustainable, competitive MFI sector with expanded outreach

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nationwide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
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 Not required.
Procurement None
Responsible ADB Officer Kelly L. Hattel
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Bank of the Lao People's Democratic RepublicMr. Bounsong Sommalavongbol@bol.gov.laBank of the Lao PDR, Vientaine
Bank of the Lao People's Democratic RepublicMr. Phanthaboun Sayaphetphansayaphet@yahoo.comBank of the Lao PDR, Vientiane
Timetable
Concept Clearance 01 Mar 2004
Fact Finding 19 Apr 2004 to 07 May 2004
MRM 02 Jun 2004
Approval 17 Aug 2006
Last Review Mission -
PDS Creation Date 13 Mar 2006
Last PDS Update 23 Mar 2010

Grant 9095-LAO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Aug 2006 06 Mar 2007 06 Mar 2007 31 Dec 2009 31 Dec 2010 22 Apr 2013
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 1.98 Cumulative Contract Awards
ADB 0.00 17 Aug 2006 0.00 1.70 86%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 1.98 17 Aug 2006 0.00 1.70 86%

Grant 9096-LAO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Aug 2006 06 Mar 2007 06 Mar 2007 31 Dec 2008 30 Sep 2010 30 Jun 2011
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 0.00 Cumulative Contract Awards
ADB 0.00 17 Aug 2006 0.00 0.47 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Aug 2006 0.00 0.47 100%

Loan 2252-LAO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Aug 2006 30 Nov 2006 12 Mar 2007 30 Sep 2010 - 29 Jul 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 8.45 Cumulative Contract Awards
ADB 7.68 17 Aug 2006 7.83 0.00 100%
Counterpart 0.76 Cumulative Disbursements
Cofinancing 0.00 17 Aug 2006 7.83 0.00 100%

Loan 2253-LAO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Aug 2006 30 Nov 2006 12 Mar 2007 31 Mar 2011 30 Sep 2012 12 Oct 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 2.32 Cumulative Contract Awards
ADB 2.32 17 Aug 2006 2.39 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Aug 2006 2.39 0.00 100%

TA 4827-LAO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Aug 2006 23 Feb 2007 23 Feb 2007 31 Dec 2009 31 May 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 120,000.00 0.00 0.00 0.00 520,000.00 17 Aug 2006 686,213.10
Title Document Type Document Date
Rural Finance Sector Development Program Project/Program Completion Reports Oct 2013
Institutional Strengthening for Rural Finance Consultants' Reports Feb 2012
Rural Finance Sector Development Program Progress Reports on Tranche Releases May 2010
Institutional Strengthening for Rural Finance Consultants' Reports Feb 2010
Rural Finance Sector Development Program Progress Reports on Tranche Releases Aug 2008
Project Agreement for Rural Finance Sector Development Project between ADB and Agriculture Promotion Bank dated 30 November 2006 Project/Program Agreement Nov 2006
Loan Agreement (Special Operations) for Rural Finance Sector Development Program between Lao People's Democratic Republic and Asian Development Bank dated 30 November 2006 Loan Agreement (Special Operations) Nov 2006
Loan Agreement for Rural Finance Sector Development Program between Lao People's Democratic Republic and ADB dated 30 November 2006 Loan Agreement (Special Operations) Nov 2006
Project Agreement for Rural Finance Sector Development Project between Asian Development Bank and Agriculture Promotion Bank dated 30 November 2006 Project/Program Agreement Nov 2006
Loan Agreement for Rural Finance Sector Development Project between Lao People's Democratic Republic and ADB dated 30 November 2006 Loan Agreement (Special Operations) Nov 2006
Loan Agreement (Special Operations) for Rural Finance Sector Development Project between Lao People's Democratic Republic and Asian Development Bank dated 30 November 2006 Loan Agreement (Special Operations) Nov 2006
Rural Finance Sector Development Program Reports and Recommendations of the President Jul 2006

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Lao People’s Democratic Republic: Rural Finance Sector Development Program Validations of Project Completion Reports Nov 2014

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