PROJECT

Projects

Summary of Investment Information

Project Number

48051

Company Name

HBL Microfinance Bank Limited

Date SPI Disclosed

Apr 29, 2024

Country

Pakistan

Region

Middle East

Projected Board Date

Jun 26, 2024

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Jun 13, 2024

Department

CF5MI - Regional Industry FIG MCT/FIG Middle East

Industry

Financial Markets

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed project consists of a Risk Sharing Facility (RSF) for an aggregate portfolio of up to US$80 million in equivalent Pakistani Rupees (PKR) with HBL Microfinance Bank (HBL MFB or the Bank) in Pakistan (the Project). The Project aims to support HBL MFB as part of IFC's response to rehabilitate the microfinance (MF) sector post the impact of the 2022 floods and ongoing macro-political challenges. The Project is expected to be supported by the Private Sector Window of Global Agriculture and Food Security Program (GAFSP). IFC’s exposure will be up to US$40 million, or 50% of the risk sharing facility.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation