Pakistan: Preparing the Micro, Small, and Medium-Sized Enterprises Financial Access, Inclusivity, and Resilience Project

Sovereign (Public) Project | 54424-002

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

Project Name Preparing the Micro, Small, and Medium-Sized Enterprises Financial Access, Inclusivity, and Resilience Project
Project Number 54424-002
Country Pakistan
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6747-PAK: Preparing the Micro, Small, and Medium-Sized Enterprises Financial Access, Inclusivity, and Resilience Project
Technical Assistance Special Fund US$ 500,000.00
Republic of Korea e-Asia and Knowledge Partnership Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Sector / Subsector

Finance / Inclusive finance

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
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
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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Evaluation Documents See also: Independent Evaluation

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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.