Women Mobile Financial Services (IFC-601071)

Countries
  • Bangladesh
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.
Voting Date
Sep 24, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bangladesh Bank
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.66 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 Aug 2, 2017

Disclosed by Bank Jul 5, 2016


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Project Description
The project will work in partnership with Bangladesh Bank to create a set of data, knowledge and resources which will be leveraged by the mobile financial services sector (MFS) in Bangladesh to increase MFS use among women. The project will allow MFS providers to create strategies for targeting women users; and provide support to build a network of women agents, and launch women focused financial products. In addition, targeted interventions will promote MFS salary disbursements for women workers in the ready-made garments sector, thereby increasing their adoption of registered MFS accounts.
People Affected By This Project
The project will limit the gender gap in financial access for Bangladeshi women through the increased adoption of mobile financial services. Thus, the project will contribute to the World Bank Groups goal of Universal Financial Access by 2020.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget $663,000.00 (Project budget includes all project-funded activities)
Contact Information
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