40935-014: SECURED LOAN REPUBLIC OF THE MALDIVES: SOUTH ASIAN SME LEASING FACILITY

Project Data Sheet (PDS): Overview


Description

The transaction involves direct loan of up to $4.5 million to Maldives Finance Leasing Company Pvt. Limited (MFLC). The tenor of the loan to MFLC will be 5.5 years and will have an availability period of 2 years and allow the company to draw down the proceeds in three tranches of $1.5 million and in time intervals of 6 months for each tranche. Read More

Country Maldives
Borrower/Equity Investment Name
Project Number 40935-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7250/2322
Approval Date 27 Mar 2007
Geographical Location Republic of Maldives
Sector / Subsector Classification Finance
/ Small and Medium Enterprise Finance and Leasing
Thematic Classification Economic growth
Private sector development
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

Results Delivered

Small and medium-sized enterprise loan accounts opened or end borrowers reached (number) 208

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.

 

 

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
William Willms
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

Last PDS Update
19 Mar 2007

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