Nonsovereign Project | 44934-014 Status: Approved



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Project Number 44934-014
Country Regional
Approval Number 7325/25
Type or Modality of Assistance
7325/25 Partial Credit Guarantee without Govt Guarantee USD 250.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Hasib Ahmed
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

Supporting financial sector development is a key focus of developmental assistance for ADB, in line with the tenets detailed in ADB s Private Sector Development Strategy and enhanced poverty reduction strategy, which note improved economic growth, stimulated by private sector investment, as a key contributing factor in reducing poverty. ADB s Private Sector Development Strategy refers specifically to ADB s role in strengthening the financial sector in its DMCs. The strategy notes the critical importance of well functioning financial systems for the development of the private sector, which in turn underpins sustainable economic growth. Many DMCs need to strengthen their financial institutions and create diversified financial markets that can finance private sector-led growth.

The proposed program is consistent with the overall sector strategy in that it will help in the development of the microfinance sector and increase access to financial services for the poor making private sector development more sustainable and ADB s mission of poverty reduction more achievable. The proposed intervention is also aligned with ADB s recently developed business plan for private sector capital markets initiatives, under which microfinance has been elevated to a core focus area. The proposed project is also viewed as complementary to a proposed equity investment in ShoreCap II Limited, which is currently being processed. Through this fund, ADB seeks to promote development by providing financial support to MFIs (and small business banks).

Finally, the proposed project is consistent with ADB s overarching poverty reduction strategy, which states that ADB seeks to promote sound and efficient banking systems and capital markets, since these are seen as indispensable for macroeconomic stability, mobilizing savings, and ensuring availability of long-term financing, an essential requirement for pro-poor growth .

Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 13 Sep 2010
Due Diligence 24 Sep 2010
Credit Committee Meeting 08 Nov 2010
Approval 13 Dec 2010
PDS Creation Date 29 Oct 2010
Last PDS Update 23 Sep 2014
Title Document Type Document Date
Microfinance Risk Participation and Guarantee Program: Major Change and Additional Financing Change in Scope, Amount, and Implementation Arrangements Oct 2015
Proposed Microfinance Risk Participation Program Reports and Recommendations of the President Nov 2010

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