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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Jun 19, 2021
Project Estimated Start Date
Mar 1, 2018
Project Estimated End Date
Mar 31, 2019
Project Description
This is an advisory services project with Enat Bank and is designed to increase access to finance to the underserved SME and the women markets segment. The development and implementation of appropriate Banking solutions and development of skills will training of staff will contribute to job creation.
Development Results
1) Financial Inclusion: The proposed project will increase access to finance to SMEs and women-owned businesses in Ethiopia through supporting Enat bank implement a Banking on Women Program.
2) Job Creation: Increased financing for businesses will lead to the creation of more jobs and a reduction in poverty.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
40
136
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
71
Number of participants providing feedback on satisfaction
43
142
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
2
11
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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