Cambodia: Cambodia Post Bank Expanding Micro, Small, and Medium-Sized Enterprise Lending Project

Nonsovereign Project | 53089-001

The transaction involves a loan facility of up to $20,000,000 to Cambodia Post Bank Plc (CPB) for the Expanding Micro, Small, and Medium-Sized Enterprise Lending Project in Cambodia.

Project Details

Project Name Cambodia Post Bank Expanding Micro, Small, and Medium-Sized Enterprise Lending Project
Project Number 53089-001
Borrower/Company Cambodia Post Bank Plc
Country Cambodia
Location Nation-wide
Type or Modality of Assistance
Loan Ordinary capital resources USD 20.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Bracey, Pamela
Project Sponsor(s)
Description The transaction involves a loan facility of up to $20,000,000 to Cambodia Post Bank Plc (CPB) for the Expanding Micro, Small, and Medium-Sized Enterprise Lending Project in Cambodia.
Objectives and Scope The proceeds of the loan will be used to finance MSMEs in Cambodia.
Linkage to Country/Regional Strategy
Safeguard Categories
Environment FI
Involuntary Resettlement FI-C
Indigenous Peoples FI-C
Summary of Environmental and Social Aspects
Environmental Aspects CPB will enhance its ESMS in compliance with ADB's SPS requirements for financial intermediaries in a form and content agreed with ADB prior to the first disbursement. The ESMS will ensure that CPB does not use ADB proceeds to finance subloans for business activities that are on ADB's prohibited investment activities list or have been classified category A for environmental impacts or category A or B for involuntary resettlement or indigenous peoples according to the SPS. CPB will ensure that the borrowers use ADB proceeds in accordance with applicable environmental and social national laws and regulations. CPB will report annually to ADB on the environmental and social performance of its borrowers' business activities.
Involuntary Resettlement CPB's operations as well as its subloans are not expected to entail any involuntary resettlement impacts.
Indigenous Peoples Based on CPB's existing ESMS, initial screening of subloan applications against the exclusion list eliminates businesses involving activities that impinge on the lands owned or claimed under adjudication by indigenous peoples without full documented consent of such people as well as activities involving significant alteration, damage, or removal of any critical cultural heritage. The screening and categorization procedure of CPB to evaluate indigenous peoples impacts of subloans will be further enhanced to ensure full compliance with the ADB Safeguard Policy Statement.
Stakeholder Communication, Participation, and Consultation The project will ensure that CPB constantly works with its MSME clients to ensure continuous improvement in the delivery of its financial services. CPB partners with nongovernment organizations and local civic organizations to implement its corporate social responsibility program.
Timetable for assistance design, processing and implementation
Concept Clearance 19 Mar 2019
Credit Committee Meeting 04 Dec 2020
Approval 11 Dec 2020
Last PDS Update 14 Dec 2020

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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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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