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$127,386.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 2, 2023
Project Estimated End Date
Dec 31, 2014
Project Description
The project will support a Dominican financial institution in developing mobile financial services to expand reach to unbanked and underbanked populations - with a focus on women markets - in the Dominican Republic.
Development Results
The objective of this project is to support a Dominican financial institution in developing mobile financial services to further penetrate the unbanked population in the Dominican Republic. By project completion, expected results will include:
- Production of a market study to identify potential target client segments in the marketplace, with a focus on women market segments, and a needs and demand assessment for specific mobile financial services products,
- Definition of a client value proposition for the women market, and
- Development of one mobile financial services product designed to meet the needs of the under- and unserved client segments, as identified in the market study.
The project will also assist BHD Leon in developing and piloting a Supply Chain Finance operating model to help SMEs in target supply chains improve their cash flow management and gain access to financing.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
11
Number of workshops, training events, seminars, conferences, etc.
Not Available
14
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
40
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
135
Number of entities receiving advisory services
Not Available
1
Number of new financial products launched
Not Available
1
KM project: Number of follow-on IFC projects that benefited from the KM project
Not Available
1
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
Not Available
9
E&S Risks / Impacts and Mitigation
<table><tr><th>PerformanceStandard</th><th>Description and Potential Impact</th><th>Mitigation</th></tr><tr><td>PS1. Assessment and Management of Environmental and Social Risks and Impacts</td><td>Aspart of its Due Diligence, and as mandated by IFC Sustainability Policy,IFC team has screened this project to assess consistency with IFC''s Performancestandards. The principles of the relevant Performance Standards have beenapplied to the project
design. Environmental and social risks will continue to be reviewed throughoutthe life-cycle of the project.</td><td>IFC''s advice will beprovided in a manner consistent with the principles of the relevant PerformanceStandards. The IFC team will assist the client, as the final decision maker,in gaining a good understanding of IFC''s Performance Standards and willprovide
recommendations for appropriate mitigation measures whenever warranted.</td></tr></table>
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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