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| Financial Services for the Poorest
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Within the framework of the Country Assistance Strategy to substantially reduce poverty in Bangladesh, the Financial Services for the Poorest Project will contribute to this goal, by offering opportunities to targeted groups, by developing skills, and improving income generation and asset accumulation. To this end, the project components will: 1) finance the revolving fund, to be used by the partner organizations (POs) of the Palli Karma-Sahayak Foundation (PKSF) for extension of micro-credit to the poorest. POs shall design the delivery of financial services for target groups within the broad parameters of PKSF, which will give range for setting interest rates to borrowers, savings requirements, maturity of loans, repayment period, and linkage with other safety nets. Additionally, training will be provided for income generating activities; 2) set, and operate the Financial Services for the Poorest Unit, and the Research Cell, whose incremental costs will be the responsibility of the monitoring and evaluation component, to be supported on a declining basis. Capacity building needs of POs will be supported, as will the acquisition of specific skills for income generating activities; 3) create a Disaster Fund, from disbursements by PKSF, to compensate losses beyond borrowers' control; and, 4) include a monitoring and evaluation system, to analyze performance indicators, and set the Research Cell of PKSF. A cost-benefit analysis will determine the achievement of project objectives.**
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Last Updated September 03 2010
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Available Project Documents***
For a short project overview, please consult the Project Information Document if available.
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| Contract Award Information |
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| Click here to see contract award information about this project. |
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*Commitment at Board in USD$ millions. Does not reflect any cancellations. Pipeline and dropped projects display the forecast amount. Total project cost includes non-Bank funding.
** The project summary is drawn from the PAD, SAR, or PGD abstract and may not accurately reflect the project's current nature.
*** Project documents are posted to this website as soon as they reach certain milestones (more info.). For example, Project Appraisal Documents are processed and made available through this website a few days after Board approval. If you find that a report which should be here is unavailable, contact Infoshop .
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