MSME Finance (IFC-600684)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 22, 2017

Disclosed by Bank Jul 26, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project aims to support the increased level of finance for Micro, Small, and Medium enterprises (MSMEs) in India, especailly to underserved segments such as women-owned enterprises and MSMEs situated in the low-income states, through building capacity of Financial Institutions in India. The main areas of focus for the project will be: 1. Providing techncial assistance to support and build capacity of partner financial institutions to expand their outreach and portfolio to MSME sector, including offering business development services to MSMEs. 2. Facilitating the adoption of customized and strong risk management practices.
People Affected By This Project
The proposed project will support increased access to financial services to Micro, Small, and Medium Enterprises (MSMEs), through strengthening the MSME finance business lines and risk management systems of financial institutions to enable them to provide demand-led financial services to this underserved sector.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget $1,971,000.00 (Project budget includes all project-funded activities)
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/