📋 Tender Overview
Project Number: 48051
Company Name: HBL Microfinance Bank Limited
Date SPI Disclosed: Apr 29, 2024
Country: Pakistan
Region: World
Projected Board Date: Jun 26, 2024
Environmental Category: FI-3
Status: Pending Approval
Last Updated Date: Jun 10, 2024
Department: CF5MI - Regional Industry FIG MCT/FIG Middle East
Industry: Financial Institutions
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.
Total Project Cost and amount and nature of IFC's Investment: The proposed project is a 50:50 unfunded RSF for an aggregate portfolio of up to US$80 million in equivalent PKR (IFC Own Account: up to US$40 million in equivalent PKR) with HBL MFB.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
