Pakistan: Preparing the Micro, Small, and Medium-Sized Enterprises Financial Access, Inclusivity, and Resilience Project
The Technical Assistance (TA) is attached to the concept paper for a proposed loan of $125 million supporting financial inclusion of Micro, Small, and Medium-Sized Enterprises (MSME) and income generating households in Pakistan.
Project Details
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Project Officer
Hasan, Fahad
Central and West Asia Department
Request for information -
Country
Pakistan -
Sector
- Finance
Related Projects
| Project Name | Preparing the Micro, Small, and Medium-Sized Enterprises Financial Access, Inclusivity, and Resilience Project | ||||||
| Project Number | 54424-002 | ||||||
| Country | Pakistan |
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| Project Status | Active | ||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships |
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| Sector / Subsector | Finance / Inclusive finance |
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| Gender Equity and Mainstreaming | Gender equity | ||||||
| Description | The Technical Assistance (TA) is attached to the concept paper for a proposed loan of $125 million supporting financial inclusion of Micro, Small, and Medium-Sized Enterprises (MSME) and income generating households in Pakistan. | ||||||
| Project Rationale and Linkage to Country/Regional Strategy | In June 2020 Pakistan's microfinance industry serviced approximately 6.9 million borrowers with outstanding loans of approximately $1.9 billion (PRs 299 billion). Since 2015 the micro and small enterprise (MSE) loan book has grown at a compound average growth rate (CAGR) of 35% while client outreach increased at a CAGR of 20%. However, due to the economic decline in 2019 and COVID-19, client outreach and loan disbursements to households dropped sharply and further decline is anticipated until end 2021. Women borrowers were particularly hard hit declining 9% from June 2019-June 2020. The proposed project is to restore economic resilience of the household and MSME borrowers in response to the ongoing crisis and help kick-start lending. | ||||||
| Impact | |||||||
| Project Outcome | |
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| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
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| Consulting Services | Joint |
| Procurement | Joint |
| Responsible ADB Officer | Hasan, Fahad |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Pakistan Resident Mission |
| Executing Agencies |
Ministry of Economic Affairs, Economic Affairs Division Block Q, Pakistan Secretariat Islamabad, ICT, Pakistan 44000 Pakistan Resident Mission Tariq Anwar Pakistan |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 01 Jul 2021 |
| Last Review Mission | - |
| Last PDS Update | 14 Jul 2021 |
TA 6747-PAK
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 01 Jul 2021 | 10 Aug 2021 | 10 Aug 2021 | 31 Dec 2027 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 500,000.00 | 500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 14 Jul 2021 | 0.00 |
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Related Publications
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Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Lead Micro Small, and Medium Enterprise Expert (International) | Individual - Consulting | Closed | 12 Jul 2021 | 26 Jul 2021 |
| Microfinance Research Specialist | Individual - Consulting | Closed | 18 Jun 2021 | 01 Jul 2021 |
| Financial Inclusion Specialist (Policy and Institutional) | Individual - Consulting | Closed | 18 Jun 2021 | 01 Jul 2021 |
| Digital Financial Services Expert | Individual - Consulting | Closed | 18 Jun 2021 | 01 Jul 2021 |
| Gender Specialist | Individual - Consulting | Closed | 03 Jun 2021 | 16 Jun 2021 |
| Credit Guarantee Facility Design and Credit Auction System Design/Management Firm | Firm - Consulting | Closed | 03 Jun 2021 | 26 Jul 2021 |
| Project Support Consultant | Individual - Consulting | Closed | 03 Jun 2021 | 16 Jun 2021 |
| Project Management and Monitoring Expert | Individual - Consulting | Closed | 03 Jun 2021 | 16 Jun 2021 |
| Environment and Social Safeguards Specialist | Individual - Consulting | Closed | 03 Jun 2021 | 16 Jun 2021 |
| Lead Micro Small, and Medium Enterprise Expert | Individual - Consulting | Closed | 03 Jun 2021 | 16 Jun 2021 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.