Regional : Strengthening Financial Inclusion Through Responsible Finance Practices
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
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Project Officer
Taneja, Anshukant
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Modality
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Sector
- Finance
Project Name | Strengthening Financial Inclusion Through Responsible Finance Practices | ||||||||||||||
Project Number | 49324-001 | ||||||||||||||
Borrower / Company | |||||||||||||||
Country / Economy | Regional |
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Location | Regional | ||||||||||||||
Type or Modality of Assistance |
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Strategic Agendas | Inclusive economic growth |
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Drivers of Change | Governance and capacity development Knowledge solutions Partnerships Private sector development |
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Sector / Subsector | Finance / Inclusive finance |
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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. |
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Linkage to Country/Regional Strategy |
Safeguard Categories | |
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Environment | |
Involuntary Resettlement | |
Indigenous Peoples |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation |
Timetable for assistance design, processing and implementation | |
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Concept Clearance | - |
Credit Committee Meeting | - |
Approval | - |
Last PDS Update | 05 Sep 2023 |
TA 9133-REG
Milestones | |||||
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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 | |||||||
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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 |
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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
None currently available.
Related Publications
None currently available.
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