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$1,190,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jul 3, 2022
Project Estimated Start Date
Nov 1, 2016
Project Estimated End Date
Dec 31, 2018
Project Description
This is an SME Banking Advisory Services project with Co-operative Bank and is designed to increase access to finance to the underserved SME market segment. The AS will design and deliver SME related processes, procedures and products and train bank staff to effectively serve the segment.
Development Results
The SME sector plays an important role in creating sustainable economic growth in most emerging markets like Kenya. The 12 month project is expected to increase access to finance for the Cooperative Banks SME and Women markets clients through strengthening the Banks capacity to serve them.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of new financial products designed
Not Available
6
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
622
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
203
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
10
Number of micro loans outstanding
32,586
32,586
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
Not Available
10
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.
Press-Release
Additional Documents
Similar Projects
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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