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$350,246.00 (Project budget includes all project-funded activities)
Last Updated Date
Mar 12, 2026
Project Estimated Start Date
Jul 1, 2022
Project Estimated End Date
Jun 30, 2024
Project Description
This project aims to support BURO, the third largest microfinance institution (MFI) in Bangladesh to meet its growth ambitions against the economic and social backdrop of the COVID-19 pandemic, through an advisory program covering the following areas: i. Risk and Governance, ii. Data Analytics, iii. Products & Services, iv. Digital Transformation and v. Human Resources.
Development Results
This project aims to support BURO, the third largest microfinance institution (MFI) in Bangladesh to meet its growth ambitions against the economic and social backdrop of the COVID-19 pandemic, through an advisory program covering the following areas: i. Risk and Governance, ii. Data Analytics, iii. Products & Services, iv. Digital Transformation and v. Human Resources. After 12 months of post implementation of the project, it is expected that BURO will have improved processes in loans, risk management, reporting, revised and improved SME loan products and increased outreach to SME clients.
Indicator
Cumulative
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
null
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
null
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
Number of workshops, training events, seminars, conferences, etc.
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 mandated by IFC's Sustainability Policy, the team has assessed the project's consistency with IFC Performance Standards using principles of Performance Standard 1 and no significant potential Environmental or Social risks were identified.
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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