Private Sector (Nonsovereign) Financing
ADB focuses on projects that help promote private investments in the region that will have significant development impact and will lead to accelerated, sustainable, and inclusive growth.
"Citi is pleased to collaborate with ADB to broaden financial inclusion in Asia through an innovative microfinance local currency partnership that will help many of Citi’s clients achieve their mission in unlocking the economic potential of underserved communities. We value and share ADB's deep commitment to supporting inclusive finance in Asia."
"Standard Chartered remains committed to the microfinance sector which plays a crucial role in financial inclusion in our franchise markets. The Risk Participation program with ADB since 2013 has helped to unlock additional funding to microfinance institutions at a time when the industry was re-emerging from a difficult economic cycle. We expect that the increased size of the program from $190 million to $240 million will extend additional credit flow to microfinance institutions across Asia thereby reaching more unbanked individuals and finance additional micro enterprises and livelihoods."
"Northern Arc Capital joined hands with ADB in 2012 and pioneered the guarantee programme for microfinance in India. Over the last four years, this program has helped unlock mainstream financing for the microfinance sector in India. It has set many high quality microfinance institutions on their growth trajectory and helped them achieve scale. The program has had far-reaching impact evidenced in the enabling of access to finance to over 2.1 million underlying households. Northern Arc Capital greatly values the partnership with ADB."
ADB uses credit enhancement products to promote private sector financing for lending to micro and small business owners. In India, it works with banks to provide local currency financing to microfinance institutions.
For many women like Sarvesh Chauha who live on the edge of poverty, having easy access to microfinance loans means they now have a way of securing a brighter future. #RuralWomen