Regional : Strengthening Financial Inclusion Through Responsible Finance Practices

Nonsovereign Project | 49324-001

The TA will address the issue of sustainable growth in the microfinance sector with related concerns of over indebtedness and consumer protection of clients and potential clients, mostly based in rural areas and who typically have low financial literacy and capacity. It will support partner MFIs in managing their growth in a responsible manner, by providing capacity building related to but not limited to consumer protection, risk management, governance, internal controls and credit processes. It will also built financial capabilities of MFI clients. Furthermore, the TA will develop knowledge products and impact stories that can be disseminated that will benefit non-participating MFIs.

Project Details

  • Project Officer
    Taneja, Anshukant
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Regional
  • Modality
  • Sector
    • Finance
Project Name Strengthening Financial Inclusion Through Responsible Finance Practices
Project Number 49324-001
Borrower / Company
Country / Economy Regional
Location Regional
Type or Modality of Assistance
TA 9133-REG: Strengthening Financial Inclusion Through Responsible Finance Practices
Financial Sector Development Partnership Special Fund US$ 250,000.00
TA 9133-REG: Strengthening Financial Inclusion through Responsible Finance Practices (Supplementary)
Financial Sector Development Partnership Special Fund US$ 500,000.00
Technical Assistance Special Fund US$ 700,000.00
TA 9133-REG: Regional: Capacity Building for Microfinance Institutions Implementation of Client Protection Principles
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Inclusive finance

Gender Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division (PSFI)
Responsible ADB Officer Taneja, Anshukant
Project Sponsor(s)
Objectives and Scope

The TA will address the issue of sustainable growth in the microfinance sector with related concerns of over indebtedness and consumer protection of clients and potential clients, mostly based in rural areas and who typically have low financial literacy and capacity. It will support partner MFIs in managing their growth in a responsible manner, by providing capacity building related to but not limited to consumer protection, risk management, governance, internal controls and credit processes. It will also built financial capabilities of MFI clients. Furthermore, the TA will develop knowledge products and impact stories that can be disseminated that will benefit non-participating MFIs.

Furthermore, with the additional funding, the TA aims to: i) support growth of nascent and fledgling credit bureaus to become formalized and institutional participants in the financial inclusion initiatives of the DMCs; and ii) To extend the gender initiatives of the MFP, the TRTA will enhance gender policies of partner MFIs by promoting women inclusion and women protection elements in their human resource policies and agenda, and design loan and savings products which are gender sensitive.

Linkage to Country/Regional Strategy
Safeguard Categories
Environment
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval -
Last PDS Update 05 Sep 2023

TA 9133-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
08 Jul 2016 15 Sep 2016 15 Sep 2016 30 Nov 2019 31 Dec 2026 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,950,000.00 0.00 0.00 0.00 0.00 0.00 1,950,000.00 14 Apr 2023 599,254.72

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.

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Title Document Type Document Date
Strengthening Financial Inclusion Through Responsible Finance Practices: Technical Assistance Report Technical Assistance Reports Jul 2016

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

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Related Publications

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