Digital Financial Inclusion for Women’s Businesses

Asian Development Bank’s mission and commitment to achieve a prosperous, inclusive, resilient and sustainable Asia and the Pacific is driving them to call on fintech and non-financial services-related technology solutions to improve credit rating of women’s businesses, in Pakistan, from all ADB Member Countries.

We welcome fintech and non-financial services-related technology solutions that can help provide a pipeline for alternative data points that could flow into the credit scoring models of Financial Institutions in Pakistan. This increased visibility of alternative data points would enable Financial Institutions to have better visibility and understanding of the Women-led Small and Medium-sized Enterprises (WSMEs) financial position to enable FIs to score them better and fairer.

Organizations would need to be active (in existence) for more than three years.

What’s in it for you?

By participating, you could have the opportunity to receive:

• US$50,000 seed funding for a PoC with the chance to have a full-scale commercial rollout with a selected Financial Institution in Pakistan
• Mentoring and networking from ADB experts and its partners
• Be considered to be part of the ADB solutions catalogue and be considered for existing ADB projects
  

Selection criteria

The projects will be assessed following the criteria below:

• Technology (30%) – The extent to which the solution is easy to use and intuitive as well as how well it solves the problem statement using an innovative approach coupled with great design.
• Impact (30%) – The extent to which the technology solution can contribute to improving FIs credit scoring of WSMEs using alternative data points and increase their access to finance in Pakistan.
• Presentation (20%) – Is the presentation comprehensive? Does the presentation explain how they are solving the problem, challenges, and ability to be deployed and create impact? Would this team be an ideal partner for ADB?
• Budget and Scope of Work (20%) – The viability and feasibility of the technological solution from a technical, economic, and social context to be scaled-up. The extend to which the proposed budget is realistic, within scope, and accounts for unknown challenges. The feasibility to implement the solution at scale.