PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603953

Primary Business Area

Financial Institutions Group

Disclosure Date

Jul 6, 2020

Country

Afghanistan

Region

Middle East

IFC Approval Date

Jun 9, 2020

Status

Completed

Estimated Total Budget

$200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Jun 1, 2020

Project Estimated End Date

Dec 31, 2021

Project Description

IFC is partnering with Ghazanfar Bank (GB) to create a targeted offering for women in Afghanistan. Access to finance in Afghanistan is amongst the lowest in the world and the gap is even more pronounced for women. As per Findex 2017, 14.9% of adults and 7.2% of women in the country have an account at a formal financial institution. IFC will help GB develop a niche proposition in gender finance, as well as strengthen its competitiveness by growing its market and portfolio of financial and non-financial products for women. IFC will leverage its regional experiences in ‘Banking on Women’ and support GB through the following: • Market research • CVP development • Product concepts • Pilot implementation

Development Results

E&S Risks / Impacts and Mitigation