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$83,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 12, 2021
Project Estimated Start Date
Aug 1, 2018
Project Estimated End Date
Dec 31, 2019
Project Description
This is a Microfinance Advisory Services Project aimed at assisting KIMS to consolidate its operations and establish a strong foundation for growth. The project duration is two months.
Development Results
Micro enterprises play an important role in achieving socio economic development. They provide a source of employment for the unskilled and semi-skilled individuals. Expanding access to finance for microenterprises contributes to a favorable environment to allow them to expand and prosper. The project aims to help KIMS identify any gaps in operations and core functions and to have a plan to establish solid core functions, bring improvements in efficiency and effectiveness and build the necessary capacity and skills in readiness for capital mobilization and absorption to drive growth in outreach, enterprise growth and job creation.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of entities receiving advisory services
Not Available
1
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
0
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
Not Available
0
Number of entities that implemented recommended changes
Not Available
0
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.
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.
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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