ADB approved loan of $50 million for Microenterprise Development

The ADB has approved $50 million to Palli Karma Sahayak Foundation (PKSF),  a development finance organization. The loan will be disbursed through a credit line to PKSF which will be disbursed to partner organizations and 40,000 microenterprises of whose 70% will be female.

The total cost of the project, which is due for completion at the end of 2020, is $62.5 million, of which the microenterprises will contribute $12.5 million.

Elvis Gomes