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 companies can also boost capital markets development. 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 Finance
Subsector Small and medium enterprise finance and leasing
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
Request for information

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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