40926-014: REG: KULA FUND II

Project Data Sheet (PDS): Overview


Description

The primary objective of the Fund is to provide long-term equity finance to SMEs in the Pacific islands. SMEs throughout the region need long-term financing to take advantage of broadly stable economic conditions, but struggle to meet collateral requirements for traditional debt financing. The Fund aims to fill this gap, and to actively assist investee companies to develop business plans, improve capital structures, and implement international standards of corporate governance.... Read More

Country Regional
Borrower/Equity Investment Name KULA FUND II LIMITED
Project Number 40926-014
Project Type or Modality of Assistance Private Sector Loan and Equity
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7237
Approval Date 29 Jun 2006
Geographical Location Brisbane, Fiji, Port Moresby
Sector / Subsector Classification Finance
/ Investment Funds
Thematic Classification Economic growth
Private sector development
Regional cooperation and integration
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

 

 

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.

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Project Data Sheets (PDS)

Responsible ADB Officer
S. Jane Brett
Email contact form

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
25 Aug 2006

Last PDS Update
11 Nov 2010

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