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$130,863.00 (Project budget includes all project-funded activities)
Last Updated Date
Oct 23, 2023
Project Estimated Start Date
Dec 1, 2022
Project Estimated End Date
Sep 30, 2023
Client Legal Name
SANIMA BANK LIMITED
Project Description
This project with Sanima Bank’s is to improve its risk management practices with a focus on key risk management areas as they scale their lending to small and medium enterprises (SMEs). The project will focus on upgrading its Operational Risk Management and reporting practice of the bank.
Development Results
The objective of the project is to improve Sanima Bank’s risk management practices as they scale their lending to small and medium enterprises (SMEs).
Indicator
Cumulative
Number of entities receiving advisory services
1
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
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, the 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 lifecycle of the project.
Mitigation for Public Disclosure: 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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