PKSF launched Promoting Agricultural Commercialization and Enterprises (PACE) project in January 2015. The project is jointly financed by PKSF and International Fund for Agricultural Development. The Financing Agreement of the project was signed between the People’s Republic of Bangladesh and International Fund for Agricultural Development (IFAD) on 11 December 2014. Subsequently, PKSF signed Subsidiary Loan and Grant Agreement (SLGA) with the Ministry of Finance, Government of Bangladesh on 18 January 2015 to implement the project. Prior to the PACE Project, PKSF implemented three other IFAD funded projects, these are; i) Microfinance and Technical Supports (MFTS) Project, ii) Microfinance for Marginal and Small Farmers (MFMSF) Project and iii) Finance for Enterprise Development and Employment Creation (FEDEC) Project. All three projects were implemented very successfully and contributed significantly in poverty reduction and employment generation. The ‘Promoting Agricultural Commercialization and Enterprises (PACE) Project is designed on the basis of the experience and learning of the above-mentioned three projects to expedite further the process of poverty reduction by promoting microenterprises in the country. The project will be implemented in 6 years (2015-2020).