Nepal: Rural Microfinance Project

Nonsovereign Project | 29237-013 Status: Approved

Latest Project Documents

Title Date
Rural Microfinance Project Oct 2008

Consulting Notices See also: CMS

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Project Name Rural Microfinance Project
Project Number 29237-013
Borrower/Company
Country Nepal
Location Kathmandu
Approval Number 1650
Type or Modality of Assistance
1650 ADF US$ 20.00 million Approved
Strategic Agendas
Drivers of Change
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Responsible ADB Officer ADB Disclosure
Project Sponsor(s)
Description The Project targets women below the poverty line that are least served by financial, technical, and social services. Beneficiaries will be provided with opportunities to increase their incomes and employment opportunities and improve their quality of life through the promotion of microenterprise development savings mobilization. The Project is designed to provide a sustainable mechanism for rural credit delivery through the use of nongovernment organizations small rural banks, and savings and credit cooperatives. The Project will provide a line of credit to finance a revolving fund for onlending to financial institutions and the provision of loans to mainly poor women for farm and nonfarm income-generating activities. The Project design allows for flexibility, and implementing agencies will be assisted to develop their institutional capacities and arrangements for the management of microfinance.
Objectives and Scope
Linkage to Country/Regional Strategy The project is in line with CSP and Poverty Reduction Strategy

Safeguard Categories

Environment B
Involuntary Resettlement
Indigenous Peoples

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Business Opportunities

Consulting Services All consultants will be recruited by NRB in accordance with the Bank's Guidelines on the Use of Consultants.
Procurement Nepal Rastra Bank, Rural Microfinance Development Institute, and the implementing agencies will be responsible for procurement of all vehicles and equipment for their own use, including those to be provided under loans to the IAs. Procurement will be in small packages except for the purchase of vehicles.

Timetable for assistance design, processing and implementation

Concept Clearance 17 Nov 1994
Due Diligence
Credit Committee Meeting 29 May 1998
Approval 08 Dec 1998
PDS Creation Date 05 Feb 2007
Last PDS Update 17 Oct 2007
Title Document Type Document Date
Rural Microfinance Project Project/Program Completion Reports Oct 2008

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

Title Document Type Document Date
Nepal: Rural Microfinance Project Validations of Project Completion Reports Dec 2009

Related Publications

None currently available.


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