fbpx 52068-001: Fostering Women's Empowerment Through Financial Inclusion in Conflict-Impacted and Lagging Provinces Project | Asian Development Bank

Philippines: Fostering Women's Empowerment Through Financial Inclusion in Conflict-Impacted and Lagging Provinces Project

Nonsovereign (Private) Project | 52068-001 Status: Approved

Multi-tranche loan/investment in bonds, up to $30 million1 (in PHP equivalent) for supporting micro-housing and business-enterprise micro-loans in conflict affected and poorer parts of the Philippines

Project Details

Project Officer
Taneja, Anshukant Request for information
Country
  • Philippines
Sector
  • Finance
 
Project Name Fostering Women's Empowerment Through Financial Inclusion in Conflict-Impacted and Lagging Provinces Project
Project Number 52068-001
Borrower/Company ASA Philippines Foundation, Inc.
Country Philippines
Location Nation-wide
Type or Modality of Assistance
3692 Loan Ordinary capital resources USD 10.00 million Approved
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
Responsible ADB Division
Responsible ADB Officer Taneja, Anshukant
Project Sponsor(s)
Description Multi-tranche loan/investment in bonds, up to $30 million1 (in PHP equivalent) for supporting micro-housing and business-enterprise micro-loans in conflict affected and poorer parts of the Philippines
Objectives and Scope ADB's proposed loan to ASA Philippines Foundation, Inc. (ASA) is for the Fostering Women's Empowerment Through Financial Inclusion in Conflict-Impacted and Lagging Provinces Project in the Philippines. ADB's facility will be targeted at women borrowers, most of whom own and manage microenterprises. The financing proceeds will be deployed in the lagging and conflict-impacted provinces of Visayas and Mindanao, and the remote and less penetrated parts of Luzon.
Linkage to Country/Regional Strategy The project is aligned with the Philippine Development Plan, 2017 2022 objectives of encouraging efficiency and innovation in microfinance and strengthening the effectiveness of financial inclusion initiatives by focusing on the efficient delivery of microfinance products and services for Filipinos. ADB's funding would provide (i) easy and affordable access for women to finance microenterprises; (ii) finance for improving living conditions of ASA's women micro borrowers specifically through loans targeted for micro-housing and water sanitation needs; (iii) widening financial inclusion and lower regional disparities in terms of access to finance; and (iv) revival of economic activity in the conflict-impacted parts of southern Philippines (Mindanao).
Safeguard Categories
Environment FI-C
Involuntary Resettlement FI-C
Indigenous Peoples FI-C
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 12 Apr 2018
Credit Committee Meeting 28 Jun 2018
Approval 21 Aug 2018
Last PDS Update 12 Jun 2019

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Related Publications

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