Microenterprise Development Project - Additional Financing (ADB-51269-002)

  • Bangladesh
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Government of Bangladesh
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 6, 2023

Disclosed by Bank Oct 20, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank's website, "This project is an additional financing for Loan 3744-BAN: Microenterprise Development Project for $50 million (equivalent to 44.63 million) from the ordinary capital resources which was approved on 26 November 2018. The project aimed to promote microenterprise development for inclusive economic growth and poverty reduction. It supported improving microenterprise access to finance through the Palli-Karma Sahayak Foundation (PKSF), an apex development finance and capacity building organisation; and its partner organisations (POs), which are selected microfinance institutions (MFIs). The overall implementation progress is 100%. The cumulative contract awards and disbursements are equivalent to 44.63 million. All loan disbursements and liquidation have been completed in December 2019. The PKSF has disbursed $50 million (equivalent to 44.63 million) to its 77 Partner Organizations (POs) who have further disbursed $50.85 million to 34,065 microenterprises (MEs) with an average loan size of $1,493. This additional financing will provide much needed liquidity support to PKSF. It will benefit rural microenterprises which will restore economic activity, and boost incomes and consumption in rural areas. The major beneficiaries will be women. The sectors likely to benefit are agriculture, fisheries, livestock, small manufacturing, food processing, and services. In addition to promoting growth through forward linkages and developing product markets, the project when completed will be an effective driver for change in the rural economy, and can contribute to poverty alleviation by creating self-employment and wage-employment opportunities."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer Varma, Jyotsana
Responsible ADB Department South Asia Department
Responsible ADB Division Bangladesh Resident Mission
Executing Agencies
Bank and Financial Institutions Division-MOF
Bangladesh Secretariat Dhaka-1000 Bangladesh


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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 .

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How it works