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
3773 Loan Ordinary capital resources USD 15.00 million Committed
CF86 B-Loan Other USD 10.00 million Committed
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)
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
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