China, People's Republic of: Credit and Social Services Rating System Development for Microcredit Companies

Sovereign Project | 46021-001

Summary

Latest Project Documents


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Project Name Credit and Social Services Rating System Development for Microcredit Companies
Project Number 46021-001
Country China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8282-PRC: Credit and Social Services Rating System Development for Microcredit Companies
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved investment quality in microcredit companies
Project Outcome
Description of Outcome Competitive market for social and financial performance ratings for MCCs
Progress Toward Outcome Draft final reports from the three rating agencies have been submitted to ADB and EA for review. Final workshop was conducted and the results of the individual rating reports have been submitted to microcredit companies.
Implementation Progress
Description of Project Outputs

1. Three rating firms with MCC social and financial rating systems

2. MCCs with social and financial ratings

3. Rating firms approved for MCC ratings by provincial regulators in Heilongjiang

Status of Implementation Progress (Outputs, Activities, and Issues)

Consultant recruitment has been completed. The inception meeting and workshop took place in December 2013.

The due diligence and review of the MCCs have been carried out from June to September in 2014. Draft rating reports have been submitted by rating agencies and are being reviewed by ADB and EA.

Final workshop took place on 2-6 February 2015. The final workshop was held to present the summary of findings based on the 15 rating results of MCCs in Heilongjiang province.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Three firms will be contracted to develop ratings under the consultants qualification selection method. ADB will engage the consultants in accordance with its Guidelines on the Use of Consultants (2010, as amended from time to time).
Procurement No procurement.
Responsible ADB Officer Seung Min Lee
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Heilongjiang Provincial GovernmentPeople's Republic of China
Timetable
Concept Clearance 15 Nov 2012
Fact Finding 19 Nov 2012 to 20 Nov 2012
MRM -
Approval 10 Dec 2012
Last Review Mission -
Last PDS Update 30 Mar 2015

TA 8282-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Dec 2012 29 Jan 2013 29 Jan 2013 31 May 2015 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00 10 Dec 2012 320,034.78

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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