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40935-014: SECURED LOAN REPUBLIC OF THE MALDIVES: SOUTH ASIAN SME LEASING FACILITY
Project Data Sheet (PDS): Overview
Description
The proposed ADB assistance is expected to strengthen the leasing industry and expand the funding resources and financial services available to the small and medium-sized enterprises (SMEs) sector in Maldives. The proposed loan to Maldives Finance Leasing Company Pvt. Limited (MFLC) will provide them long-term funds and thereby enable them to promote alternative financing instruments to SME entrepreneurs, promote their operations and profitability, and enhance their competitiveness. Leasing comp... Read More
| Country |
Maldives |
|---|---|
| Borrower/Equity Investment Name | – |
| Project Number | 40935-014 |
| Project Type or Modality of Assistance |
Private Sector Loan and Equity |
| 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.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
Responsible ADB Officer
William Willms
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Responsible ADB Department
Private Sector Operations Department
Responsible ADB Divisions
Capital Markets and Financial Sectors Division