On December 12 2016, the President approved a loan of up to $20,000,000 to Khushhali Bank Limited (KBL) for Expanding Access to Credit for Agriculture and Micro, Small, and Medium-Sized Enterprise (MSME) Borrowers in Pakistan. 25% of ADB’s funding will be targeted to female borrowers. The TA will help KBL increase its capacity to provide loans to MSMEs and farmers in order to realize their investment needs. The ADB TA contribution is only a small part of KBL’s overall investment and KBL will be contributing two dollars from its own resources for every dollar of ADB funds spent.
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Rohner, Tina
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main