PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601846

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 21, 2019

Country

South Africa

Region

Africa

Status

Completed

Estimated Total Budget

$40,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Sep 12, 2016

Project Estimated End Date

Jun 30, 2018

Project Description

The company has requested IFC advisory assistance to undertake an assessment of its responsible finance practices. This includes an initial assessment, developing an implementation plan, and potential for certification recognition, as may be relevant given nascent industry standards in digital finance globally. Based on findings of the initial assessment, the project may further involve follow-on work for structuring and implementing new and/or enhanced policies and procedures to align the company's operations with best practices as it expands its technology to scale financial inclusion in other markets. Based on assessment findings, follow-on work may also include a financial education initiative with the company.

Development Results

E&S Risks / Impacts and Mitigation