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$1,007,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 18, 2024
Project Estimated Start Date
Feb 25, 2019
Project Estimated End Date
Aug 31, 2020
Project Description
This is a Banking Advisory Services project with Co-operative Bank, designed to increase access to finance to the Medium sized businesses through skills enhancement, processes and procedures review to enable the Bank effectively serve the segment. The project builds on the MSME project delivered.
Development Results
The Project will be expected to achieve high development impact through increasing access to finance and services for Medium sized businesses in Kenya.
Indicator
Calendar Year 2019 Results
Cumulative Results as of 2019
Number of workshops, training events, seminars, conferences, etc.
9
9
Number of new financial products designed
1
1
Number of participants in workshops, training events, seminars, conferences, etc.
519
519
Number of participants providing feedback on satisfaction
467
467
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
467
467
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
22
22
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports) completed
20
20
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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