Pakistan : Expanding Access to Credit for Women
Project Details
-
Project Officer
Doukidis, Doukas
Private Sector Operations Department
Request for information -
Country/Economy
Pakistan -
Sector
- Finance
Related Projects
| Project Name | Expanding Access to Credit for Women | ||||||||||
| Project Number | 52124-001 | ||||||||||
| Borrower / Company | Kashf Foundation (KF) |
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| Country / Economy | Pakistan |
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| Location | Nation-wide | ||||||||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Private sector development |
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| Sector / Subsector | Finance / Inclusive finance |
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| Gender | Gender equity | ||||||||||
| Responsible ADB Department | Private Sector Operations Department | ||||||||||
| Responsible ADB Division | Portfolio Management Division, PSOD | ||||||||||
| Responsible ADB Officer | Doukidis, Doukas | ||||||||||
| Project Sponsor(s) | |||||||||||
| Description | |||||||||||
| Objectives and Scope | The loan to Kashf Foundation is a $15 mln A loan and $10 mln B loan to support expansion of credit access for women in Pakistan. | ||||||||||
| Status of Development Objectives | On-going | ||||||||||
| Status of Operation/Construction | On-going | ||||||||||
| Linkage to Country/Regional Strategy | The proposed project specifically supports the following key operational priorities of ADB's Strategy 203019: (i) addressing remaining poverty and reducing inequalities; (ii) promoting rural development; and (iii) accelerating progress in gender equality through the GAP. The proposed loan contributes to financial sector development by supporting the growth of an MFI, with microfinance being an important component of the financial sector in Pakistan. |
| Safeguard Categories | |
|---|---|
| Environment | FI-C |
| Involuntary Resettlement | FI-C |
| Indigenous Peoples | FI-C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | KF has an Environmental Policy to reduce its direct and indirect impact. Given KF's loan characteristics in terms of size, loan period and nature, transactions under KF will have minimal or no adverse environmental impacts. |
| Involuntary Resettlement | Unlikely to entail impacts on involuntary resettlement. |
| Indigenous Peoples | Unlikely to entail impacts on indigenous peoples. |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 19 Jun 2018 |
| Credit Committee Meeting | 26 Nov 2018 |
| Approval | 04 Feb 2019 |
| Last PDS Update | 07 Oct 2022 |
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 Access to Credit for Women | Documents Produced Under Grant/Loans/TA | Mar 2021 |
| Expanding Access to Credit for Women: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Feb 2019 |
| Expanding Access to Credit for Women: Report and Recommendation of the President | Reports and Recommendations of the President | Jan 2019 |
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.
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.
Requests for information may also be directed to the InfoUnit.
ADB, Kashf Foundation Partner to Expand Women's Access to Credit in Pakistan
ADB has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of Pakistan’s leading microfinance service providers, to low-income households and women-led MSMEs.