PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600480

Primary Business Area

Industry Department - Financial Institutions Group

Disclosure Date

Sep 16, 2014

Country

Indonesia

Region

East Asia and the Pacific

IFC Approval Date

May 29, 2014

Status

Completed

Estimated Total Budget

$240,880.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated End Date

Dec 31, 2015

Project Description

IFC will support Bank Muamalat in the following areas: (i) strengthen its existing operations to expand into rural areas; (ii) assist the Bank to develop a detailed understanding of the agricultural and rural potential, as well as to identify financing opportunities and risks by region; (iii) increase outreach of the Bank by leveraging the knowledge and network of value chain players; (iv) enhance risk assessment processes for rural lending; (v) enhance staff capacity by introducing well-defined agriculture finance training curriculum and modules, as well as organizing training of trainer sessions; and (vi) develop a prototype for rural finance that can be used by Bank Muamalat as a platform to replicate the model throughout its micro units.

Development Results

E&S Risks / Impacts and Mitigation