Subscription

Central Government/Public SectorProject Information Senior Unsecured Loan in Kyrgyz Investment and Credit Bank Small and Medium-Sized Enterprise Finance $ 1 Cr $ 10 Mn
06-May-2017
PID : 9411 Not Classified-Kyrgyzstan
Description The project consists of a senior US$10 million loan to Kyrgyz Investment and Credit Bank for the purpose of funding small and medium-sized enterprises (SMEs) in the country.
Objectives and Scope The loan will provide critically needed longer-term funding to SME's in the Kyrgyz Republic whose ability to access funds has been constrained by the country's low level of financial sector development (including the absence of a well-developed capital market) where longer-term funding is constrained. Moreover, SMEs were particularly impacted by the 2010 political crisis and, while recovering, are in need of funding to support future growth. Through the CDTA, KICB will receive capacity building support which will enable the bank to better expand services to SMEs on a prudent basis and serve this important sector more efficiently and sustainably, thus supporting the SME sector's contribution to overall economic growth and employment generation in the Kyrgyz Republic.
Linkage to Country/Regional Strategy Strategy 2020 identifies private sector development and private sector operations as one of the five drivers of change to mobilize resources to help alleviate poverty in the region. Financial sector development is noted as one of the five operating areas that will be undertaken in support of this agenda. The investment is consistent with the government's priorities and desires to encourage economic growth, broaden access to finance, address low private sector investment, and reduce unemployment. Expanding access to finance via banks and increasing private sector investments with development impact potential is one of the objectives set forth in the 2011/12 Country Operation Business Plan (COBP). The project is consistent with Strategy 2020 and the COBP, as it will support private sector development through financial sector development by increasing the capacity and ability of KICB to expand its lending activities to SMEs, which comprise an important and underserved portion of the Kyrgyz Republic's economy. Broadening access to finance through private sector interventions in the banking sector continues to be an ongoing priority for the country.
Status of Development Objectives

Impact- Increasing the SME sector's share in the economy will help contribute to broad based GDP growth. Supporting SME development by increasing access to finance as a result of the positive demonstration effect from ADB''s loan can help raise total employment and secondly lead to inclusive economic growth.

Outcome- ADB''s loan and CDTA is expected to help KICB establish a profitable and sustainable SME program and broaden access to finance for previously unbanked SMEs.

Outputs- This loan will provide the bank with additional funds for on-lending to SMEs. Outputs include KICB having access to longer-term funds for SME on-lending, which will increase its lending activities to this sector. Additional output of this project will be product development in KICB, supported by technical assistance from ADB and reporting of sex-disaggregated data.

Subscribe our annual Project Alert Service and get access to all similar Projects.If you are registered member, please fill in the subscription form below . If not, please Register first.

(*) Mandatory fields
Choose Plan
Select Plan Unit Rate Subscription Validity
Basic - 1 State #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 3 email ids
  • Projects Awards Information (Wherever Available)
  • Unique User Id & Password
  • Any 2 Selected Sector's Tender Information *
  • Multiple Email ids (Max 3)
 Rs. 25000 /- 1 Year
Basic - 5 States #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 3 email ids
  • Projects Awards Information (Wherever Available)
  • Unique User Id & Password
  • Any 2 Selected Sector's Tender Information *
  • Multiple Email ids (Max 3)
 Rs. 40000 /- 1 Year
Basic - All India #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 3 email ids
  • Projects Awards Information (Wherever Available)
  • Unique User Id & Password
  • Any 2 Selected Sector's Tender Information *
  • Multiple Email ids (Max 3)
 Rs. 60000 /- 1 Year
Premium - 1 State #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 5 email ids
  • Projects Awards Information (Wherever Available)
  • Tender Awards Information (Wherever Available)
  • Multiple Email ids (Max 5)
  • Daily Fresh Tender Information
  • Weekly XML File
  • 4 Times e-Mail Promotion on Our Database *
  • JV/Subcontracting Assistance *
Rs. 50000 /- 1 Year
Premium - 5 States #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 5 email ids
  • Projects Awards Information (Wherever Available)
  • Tender Awards Information (Wherever Available)
  • Multiple Email ids (Max 5)
  • Daily Fresh Tender Information
  • Weekly XML File
  • 4 Times e-Mail Promotion on Our Database *
  • JV/Subcontracting Assistance *
Rs. 75000 /- 1 Year
Premium - All India #

What's included in plan:

  • Services Feature
  • Weekly Alerts For Projects Information
  • Daily News Of Upcoming Projects To 5 email ids
  • Projects Awards Information (Wherever Available)
  • Tender Awards Information (Wherever Available)
  • Multiple Email ids (Max 5)
  • Daily Fresh Tender Information
  • Weekly XML File
  • 4 Times e-Mail Promotion on Our Database *
  • JV/Subcontracting Assistance *
Rs. 125000 /- 1 Year
* Service Tax As Applicable

Note : As Goods and Services Tax is set to be implemented from 1st July 2017. The transition provisions under GST law applies to all services provided by e-Procurement Technologies Ltd. to its clients on or after 1st July 2017 and GST tax rate and other taxes are applicable as extra for all services provided.

Top