fbpx 49324-001: Strengthening Financial Inclusion Through Responsible Finance Practices | Asian Development Bank

Regional: Strengthening Financial Inclusion Through Responsible Finance Practices

Nonsovereign (Private) Project | 49324-001 Status: Active

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
  • Regional
Sector
  • Finance
 
Project Name Strengthening Financial Inclusion Through Responsible Finance Practices
Project Number 49324-001
Borrower/Company
Country Regional
Location Regional
Type or Modality of Assistance
9133 Technical Assistance USD 250,000 Proposed
9133 Technical Assistance USD 500,000 Proposed
9133 Technical Assistance USD 500,000 Proposed
9133 Technical Assistance USD 700,000 Proposed
9133 Technical Assistance USD 700,000 Proposed
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Inclusive finance

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
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 15 Apr 2020

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