|Project Name||Expanding Micro, Small, and Medium-Sized Enterprise Lending Project|
|Borrower/Company||PRASAC Microfinance Institution Limited
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Inclusive finance
|Gender Equity and Mainstreaming||Gender equity|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Portfolio Management Division, PSOD|
|Responsible ADB Officer||Bracey, Pamela|
|Objectives and Scope||ADB supports the growth of PRASAC's financing portfolio for micro, small, and medium-sized enterprises (MSMEs), providing needed financial products and services to this underserved segment.|
|Linkage to Country/Regional Strategy||ADB's Midterm Review of Strategy 2020 emphasizes ADB's support for the financial sector by helping to develop financial infrastructure, institutions, and products and services. The transaction will contribute to financial sector development by supporting an investment that promotes more inclusive economic growth by fostering MSMEs through enhanced access to long-term finance.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||The ESMS of PRASAC is currently aligned with the International Finance Corporation (IFC) requirements for financial intermediaries. The bank's policy statement endeavors to effectively manage the environmental and social impacts of all its activities, products and services. It is committed to ensure that activities (from design to maintenance of a financed project) is undertaken in accordance with all applicable national laws on environment, social, health, safety, and any established standards. PRASAC will amend its ESMS to comply with ADB's Safeguard Policy Statement and will apply ADB's prohibited investment activities list. Pursuant to ADB's Social Protection Strategy, PRASAC will also take measures to comply with internationally recognized core labor standards.|
|Involuntary Resettlement||There is no anticipated involuntary resettlement impact based on the exclusion list.|
|Indigenous Peoples||The project is not expected to entail any significant impact on indigenous peoples.|
|Stakeholder Communication, Participation, and Consultation||The project's primary stakeholders are MSMEs in Cambodia's rural and semi-urban areas. PRASAC has identified a large unbanked and underserved market in rural areas that can contribute to greater inclusion in productive economic activity if given access to their lending products. PRASAC has assessed the needs of these clients through market research and information outreach activities. PRASAC will continue to work with its clients and untapped markets to improve understanding of their needs and adapt products to serve them better.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||14 Sep 2016|
|Credit Committee Meeting||30 May 2018|
|Approval||17 Jul 2018|
|Last PDS Update||12 Jun 2019|
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.
|Title||Document Type||Document Date|
|Expanding Micro, Small, and Medium-Sized Enterprise Lending Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Feb 2019|
|Expanding Micro, Small, and Medium-Sized Enterprise Lending Project: Report and Recommendation of the President||Reports and Recommendations of the President||Jun 2018|
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.
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.
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