Project Data Sheet
Project 52124-001
Project Data Sheet
Project 52124-001
| Project Name | Expanding Access to Credit for Women | ||||||||||
| Project Number | 52124-001 | ||||||||||
| Borrower / Company | Kashf Foundation (KF) |
||||||||||
| Country / Economy | Pakistan |
||||||||||
| Location | Nation-wide | ||||||||||
| Type or Modality of Assistance |
|
||||||||||
| Strategic Agendas | Inclusive economic growth |
||||||||||
| Drivers of Change | Private sector development |
||||||||||
| Sector / Subsector | Finance / Inclusive finance |
||||||||||
| Gender | Gender equity theme | ||||||||||
| Responsible ADB Department | Private Sector Operations Department | ||||||||||
| Responsible ADB Division | Portfolio Management Division, PSOD | ||||||||||
| Responsible ADB Officer | Doukidis, Doukas | ||||||||||
| Project Sponsor(s) | |||||||||||
| Description | |||||||||||
| Objectives and Scope | The loan to Kashf Foundation is a $15 mln A loan and $10 mln B loan to support expansion of credit access for women in Pakistan. | ||||||||||
| Status of Development Objectives | On-going | ||||||||||
| Status of Operation/Construction | On-going | ||||||||||
| Linkage to Country/Regional Strategy | The proposed project specifically supports the following key operational priorities of ADB's Strategy 203019: (i) addressing remaining poverty and reducing inequalities; (ii) promoting rural development; and (iii) accelerating progress in gender equality through the GAP. The proposed loan contributes to financial sector development by supporting the growth of an MFI, with microfinance being an important component of the financial sector in Pakistan. |
| Safeguard Categories | |
|---|---|
| Environment | FI-C |
| Involuntary Resettlement | FI-C |
| Indigenous Peoples | FI-C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | KF has an Environmental Policy to reduce its direct and indirect impact. Given KF's loan characteristics in terms of size, loan period and nature, transactions under KF will have minimal or no adverse environmental impacts. |
| Involuntary Resettlement | Unlikely to entail impacts on involuntary resettlement. |
| Indigenous Peoples | Unlikely to entail impacts on indigenous peoples. |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 19 Jun 2018 |
| Credit Committee Meeting | 26 Nov 2018 |
| Approval | 04 Feb 2019 |
| Last PDS Update | 07 Oct 2022 |