Debt Financing to Janalakshmi Financial Services Private Limited: Report and Recommendation of the President
Reports and Recommendations of the President | April 2018
Janalakshmi Financial Services Private Limited (JFS) will use the proceeds of the ADB funding to finance microfinance loans, predominately loans to women customers under the joint liability group (JLG) model, as well as other small loans to individuals and micro and small enterprises. Up to 5% of the ADB facility will be specifically dedicated to loans for building and improving sanitation facilities throughout India.
The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.
This document dated April 2018 is provided for the ADB project 50163-001 in India.