Self Help Group CIB (IFC-601733)

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.
Voting Date
Nov 11, 2016
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.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.81 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 Nov 28, 2016


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Project Description
India's Self-Help Group (SHG) Bank Linkage program (SBLP) has been a critical driver of improved access to finance for low income households. The SBLP is considered as one of the largest community based microfinance programs and forms a key component of India's banking business. While the SHG movement has been a powerful tool for financial inclusion and access, the portfolio has faced challenges such as - inadequate outreach in many regions, inefficiencies in disbursements and collections, limited bank interface and monitoring, and instances of multiple lending/borrowing. This project aims to build and strengthen credit data collection and CB reporting of individual SHG borrowers through a dual-pronged approach. The first is broadening of coverage - aid banks in reporting the individual data and inquiring for credit information reports of SHG borrowers. The second objective centers on creating awareness and capacity building regarding CIB sectorally.
People Affected By This Project
The objective of the project is to promote financial inclusion and access for low income women borrowers by facilitating integration of Self Help Group (SHG) borrower data with credit bureaus to foster growth of credit in the sector, by addressing the challenge of 'lack of reporting of SHG member data.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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