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$500,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Sep 27, 2022
Project Estimated Start Date
Jul 1, 2022
Project Estimated End Date
Jun 30, 2024
Project Description
The scope of the project includes the review of two existing technology platforms and their integration with a bank to facilitate lending and payment to rural MSMEs, including smallholder farmers.
Development Results
The goal of the project is to improve access to finance for smallholder farmers and MSMEs in Ethiopia by providing advisory services to Kifiya’s digital platforms, Shega fre and Qena, by applying new technologies and digitizing input supply financing for selected vegetable value chains as well as improving technology infrastructure, and digitizing the lending services to MSMEs.
Indicator
Cumulative
Number of female farmers reached (direct and indirect)
32
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
0
Number of loans disbursed
0
Number of farmers reached (direct and indirect)
120
Number of new financial products designed
null
Number of new financial products launched
null
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 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.
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.
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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