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$335,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 2, 2023
Project Estimated Start Date
Jul 1, 2019
Project Estimated End Date
Jun 30, 2021
Project Description
This Digital Financial Services Advisory capacity building project will involve working with PAMF to develop its overall digital strategy, including support on risk management, market research, data analytics/credit scoring and products.
Development Results
The objective of this project is to advance financial inclusion in Madagascar through an advisory services project with Première Agence de Microfinance (PAMF), a leading MFI and member of the global Aga Khan Development Network (AKDN). The support to PAMF on digital financial services is expected to help the MFI to scale up its digital retail credit products for the mass market and mobile money agents in a sustainable and responsible manner.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
4
5
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
17
22
Number of new financial products designed
0
2
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
1
7
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
9
9
E&S Risks / Impacts and Mitigation
Performance Standard
Description and 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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