46010-001: Women’s Entrepreneurship Development Project | Asian Development Bank

Kyrgyz Republic: Women’s Entrepreneurship Development Project

Sovereign (Public) Project | 46010-001 Status: Active
Project Name Women’s Entrepreneurship Development Project
Project Number 46010-001
Country Kyrgyz Republic
Project Status Active
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Sector / Subsector

Finance / Inclusive finance

Gender Equity and Mainstreaming Gender equity
Project Rationale and Linkage to Country/Regional Strategy
Project Outcome
Description of Outcome
Progress Toward Outcome So far all three PFIs received full amount of the subgrants envisaged under the project. Fourth tranche is fully disbursed by 20 June 2017, including additional ($260,000) approved in December 2016.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Being developed.

EA has hired a consultant for development of the exit strategy. Exit strategy development is completed.

In total 431 women received loans. Aiyl Bank has completed development of warehouse lending, and providing loans out of the second tranche. FMCC has completed development of new credit line lending. Bai-Tushum has completed development of lending with use of microdeposits and overdraft. Under the fourth tranche value-chain financing of the dairy production using contract financing concept is being implemented since the beginning of 2017.

New saving product is being implemented

Being implemented

Being implemented

Being implemented

Being developed

All three batches of loans to women entrepreneurs were fully disbursed by PFIs. In addition, the EA has requested the fourth tranche to improve the project results and ADB approved the request. The fourth tranche disbursement is completed on 20 June 2017.

Training program was developed. Training is completed in May 2017.

Being developed

Being developed

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects The project is categorized as FI and treated as C based on impacts on the environment, involuntary resettlement, and indigenous peoples. The project activities will focus on improving the capacity of women microentrepreneurs to access financial resources, services, and market opportunities, and therefore no social safeguard issues are envisaged. The PFIs existing environmental and social management systems (ESMS) were assessed which are generally satisfactory in accordance with ADB's Safeguard Policy Statement 2009 (SPS). PFIs have sufficient institutional arrangements and capacity to monitor and manage the risks. The PFIs agreed to only fund women microentrepreneurs' activities with minimal or no adverse environmental impacts. The project will only fund activities that are in compliance with applicable national laws and regulations. In addition, projects with activities included in ADB's Prohibited Investment Activity List will not be funded. Inasmuch as the pilot projects will be administered through the PFIs, however, to strengthen full compliance with ESMS requirements in accordance with ADB's SPS the training will be provided to the PFIs as well as executing agency's staff before the project implementation on how to screen and deselect micro-loan proposals that fall under categories B and A for environment in accordance with ADB's SPS. It will be requested that the initial 10 micro-loan proposals be submitted by the PFIs through the executing agency to ADB for verification of the environmental categories assigned to them. Compliance with environmental safeguards will be monitored throughout project implementation based on results of the midterm review meetings as well as on-site inspections. The detailed ESMS will be agreed upon with the PFIs and will be described in the GIM. Due diligence assessment of the PFIs and their ESMS will be annexed to the GIM.
Involuntary Resettlement The project activities will focus on improving the capacity of women microentrepreneurs to access financial resources, services, and market opportunities, and therefore no social safeguard issues are envisaged.
Indigenous Peoples The project activities will focus on improving the capacity of women microentrepreneurs to access financial resources, services, and market opportunities, and therefore no social safeguard issues are envisaged.
Stakeholder Communication, Participation, and Consultation
During Project Design ADB's team consulted with the Embassy of Japan in the Kyrgyz Republic and the Kyrgyz Republic office of the Japanese International Cooperation Agency (JICA) throughout project processing, meeting several times during reconnaissance and fact-finding missions. The Embassy of Japan supported the rationale for the proposed JFPR grant, the direct intervention to support low-income women microentrepreneurs with potential to scale up, and the gender and capacity building focus. The Embassy of Japan also agreed with project coverage of rural areas and small towns, and it supported pilot projects as a visible means of support to women microentrepreneurs. JICA supported the project scope and shared its experience with the One-Village-One-Product project, which also aids microentrepreneurs in the Issyk-Kul region. All these issues are reflected in the proposed project's design. The C&P during the project processing included: the stakeholder consultation workshops, focus group discussions, and key informant interviews on women's entrepreneurship development and improving access to finance for women entrepreneurs of the target group.
During Project Implementation The project will be implemented in consultation with relevant central and local government agencies, women's and professional associations, and nongovernment organizations. MOE will engage a national consultant to conduct a poverty impact assessment to develop a baseline, collect and analyze relevant information and data covering rural areas and small towns (excluding Bishkek) in all seven oblasts, and support MOE in monitoring a set of agreed targets. This will be implemented through a consultative process with local and central agencies, including both government and nongovernment organizations. The institutional development component, including support for business associations and women's groups, will involve a wide range of consultation workshops, focus group discussions, and other mechanisms for local participation in implementing and monitoring the project. The capacity building component's implementation also will utilize a wide range of mechanisms for outreach into local communities, including (where applicable) information and communication technology.
Business Opportunities
Consulting Services The project will require 18 person-months of international and 182 person-months of national consulting services (in microfinance, business development, gender development, curriculum development, training, awareness development, and others) to support project management, supervision, pilot projects implementation, capacity building and awareness campaign, as well as to conduct detailed economic, social, and poverty impact assessments. The specific terms of reference of these specialists to be identified together with the EA at the inception phase. All consultants including the training institute will be recruited in accordance with ADB's Guidelines on the Use of Consultants (April 2010, as amended from time to time) to provide the services for implementation, management, and progress monitoring of the JFPR grant.
Procurement All procurements under the Japan Fund for Poverty Reduction (JFPR) grant will be conducted in accordance with ADB's Procurement Guidelines (April 2010, as amended from time to time).
Responsible ADB Officer Tentieva, Gulkayr
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Kyrgyz Resident Mission
Executing Agencies
Ministry of Economy
106, Chui Prospect, Bishkek, Kyrgyz Republic
Concept Clearance -
Fact Finding -
Approval -
Last Review Mission -
Last PDS Update 26 Jul 2017

Grant 9170-KGZ

Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Jan 2013 23 May 2013 23 May 2013 23 May 2017 23 Nov 2017 -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 0.32 Cumulative Contract Awards
ADB 0.00 14 Jan 2013 0.00 1.49 100%
Counterpart 0.32 Cumulative Disbursements
Cofinancing 0.00 14 Jan 2013 0.00 1.58 106%

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Safeguard Documents See also: Safeguards

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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No tenders for this project were found.

Contracts Awarded

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Procurement Plan