Lao People's Democratic Republic : Rural Finance Sector Development Program (Program Loan)
To promote the development of a sustainable and market-oriented rural and microfinance sector. It will assist the Government to implement the policy reforms embodied in its strategy to promote rural and microfinance sector.
Project Results
-
11,695
microfinance loan accounts opened / end borrowers reached
The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.
Project Details
-
Project Officer
Hattel, Kelly L.
Southeast Asia Department
Request for information -
Country/Economy
Lao People's Democratic Republic -
Modality
-
Sector
- Finance
| Project Name | Rural Finance Sector Development Program (Program Loan) | ||||||||||||||||||||||
| Project Number | 33357-013 | ||||||||||||||||||||||
| Country / Economy | Lao People's Democratic Republic |
||||||||||||||||||||||
| Project Status | Closed | ||||||||||||||||||||||
| Project Type / Modality of Assistance | Grant Loan Technical Assistance |
||||||||||||||||||||||
| Source of Funding / Amount |
|
||||||||||||||||||||||
| Strategic Agendas | Inclusive economic growth |
||||||||||||||||||||||
| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development |
||||||||||||||||||||||
| Sector / Subsector | Finance / Finance sector development |
||||||||||||||||||||||
| Gender Equity and Mainstreaming | Gender equity | ||||||||||||||||||||||
| Description | To promote the development of a sustainable and market-oriented rural and microfinance sector. It will assist the Government to implement the policy reforms embodied in its strategy to promote rural and microfinance sector. | ||||||||||||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | The country strategy identifies the development of rural and microfinance as a priority area to support economic growth, poverty reduction, and private sector growth. | ||||||||||||||||||||||
| Impact | To reduce poverty and promote sustainable growth in rural areas | ||||||||||||||||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | To promote a sustainable and marketoriented rural and microfinance sector |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Enabling policies and strategy for rural and microfinance Sound prudential regulatory and supervisory environment for public and priate rural and microfinance institutions Supportive non-prudential regulations for rural and microfinance APB restructured, restored to financial health, and operating on a commercial and autonomous basis with extended outreach BOL capacity enhanced to effectively apply the regulatory and supervisory regime to MFIs A diverse, sustainable, competitive MFI sector with expanded outreach |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | |
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| 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 | Not required. |
| Procurement | None |
| Responsible ADB Officer | Hattel, Kelly L. |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
Bank of the Lao People's Democratic Republic Mr. Bounsong Sommalavong [email protected] Bank of the Lao PDR, Vientaine Bank of the Lao People's Democratic Republic Mr. Phanthaboun Sayaphet [email protected] Bank of the Lao PDR, Vientiane |
| Timetable | |
|---|---|
| Concept Clearance | 01 Mar 2004 |
| Fact Finding | 19 Apr 2004 to 07 May 2004 |
| MRM | 02 Jun 2004 |
| Approval | 17 Aug 2006 |
| Last Review Mission | - |
| PDS Creation Date | 13 Mar 2006 |
| Last PDS Update | 23 Mar 2010 |
Grant 9095-LAO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 17 Aug 2006 | 06 Mar 2007 | 06 Mar 2007 | 31 Dec 2009 | 31 Dec 2010 | 22 Apr 2013 |
| Financing Plan | Grant Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 1.98 | Cumulative Contract Awards | |||
| ADB | 0.00 | 17 Jun 2022 | 0.00 | 1.70 | 86% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 1.98 | 17 Jun 2022 | 0.00 | 1.70 | 86% |
Grant 9096-LAO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 17 Aug 2006 | 06 Mar 2007 | 06 Mar 2007 | 31 Dec 2008 | 30 Sep 2010 | 30 Jun 2011 |
| Financing Plan | Grant Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 0.47 | Cumulative Contract Awards | |||
| ADB | 0.00 | 17 Jun 2022 | 0.00 | 0.47 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.47 | 17 Jun 2022 | 0.00 | 0.47 | 100% |
Loan 2252-LAO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 17 Aug 2006 | 30 Nov 2006 | 12 Mar 2007 | 30 Sep 2010 | - | 29 Jul 2010 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 8.45 | Cumulative Contract Awards | |||
| ADB | 7.68 | 17 Jun 2022 | 7.83 | 0.00 | 100% |
| Counterpart | 0.76 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 7.83 | 0.00 | 100% |
Loan 2253-LAO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 17 Aug 2006 | 30 Nov 2006 | 12 Mar 2007 | 31 Mar 2011 | 30 Sep 2012 | 12 Oct 2012 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 2.32 | Cumulative Contract Awards | |||
| ADB | 2.32 | 17 Jun 2022 | 2.39 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 2.39 | 0.00 | 100% |
TA 4827-LAO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 17 Aug 2006 | 23 Feb 2007 | 23 Feb 2007 | 31 Dec 2009 | 31 May 2010 | 15 Jun 2010 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 400,000.00 | 300,000.00 | 120,000.00 | 0.00 | 0.00 | 0.00 | 820,000.00 | 17 Jun 2022 | 686,213.10 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
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 |
|---|---|---|
| Lao People’s Democratic Republic: Rural Finance Sector Development Program | Validations of Project Completion Reports | Nov 2014 |
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
Contracts Awarded
Procurement Plan
None currently available.