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Access to Finance for Micro, Small and Medium-Sized Enterprises Project

Abstract*

The development objective of the Access to Finance for Micro, Small and Medium-Sized Enterprises (MSMEs) Project for Cabo Verde is to increase access to finance to MSMEs. This project has four components. 1) The first component, Partial Credit Guarantee Fund to Enhance MSME Finance, aims to finance activities to support the establishment and operationalization of a PCG fund to improve access to finance for MSMEs. 2) The second component, Technical...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective of the Project is to maintain and increase access to finance to MSMEs in the context of the COVID-19 economic shock.

Key Details

Project Details

  • P163015

  • Closed

  • Mazen Bouri

  • Ministry of Finance

  • Cabo Verde

  • May 30, 2017

  • (as of board presentation)

    February 15, 2018

  • June 20, 2018

  • US$ 15.00 million

  • Unidade de Gestao de Projectos Especiais

  • Western and Central Africa

  • 2018

  • US$ 15.00 million

  • F

  • Not Applicable

  • June 30, 2023

  • Yes

  • BANK APPROVED

  • March 12, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 15.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 15.00
IBRD + IDA Commitment 15.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 15.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 30, 2023 IDA-61820 Loan Disb 984,200.00
Jan 15, 2024 IDA-61820 Int Charges 763.94
Jan 15, 2024 IDA-61820 Int Charges 763.94
Jan 15, 2024 IDA-61820 Int Charges 52,705.42
Jan 15, 2024 IDA-61820 Int Charges 52,705.42
Jan 3, 2024 IDA-61820 Loan Disb -7,075.30
Jan 15, 2024 IDA-68290 Int Charges 288.52
Jan 15, 2024 IDA-68290 Int Charges 288.52
Jan 15, 2024 IDA-68290 Int Charges 32,757.42
Jan 15, 2024 IDA-68290 Int Charges 32,757.42
Jan 2, 2024 IDA-68290 Loan Disb -68,911.97
Jan 3, 2024 IDA-61820 Loan Cancel 7,144.27
Jul 15, 2024 IDA-61820 Int Charges 52,572.56
Jul 6, 2020 IDA-61820 Loan Disb 54,315.97
Jul 15, 2020 IDA-61820 Int Charges 36,312.67
Jul 15, 2020 IDA-61820 Int Charges 36,312.67
Jul 15, 2020 IDA-61820 Int Charges 281.93
Jul 15, 2020 IDA-61820 Int Charges 281.93
Feb 16, 2021 IDA-61820 Loan Disb 795,035.25
Feb 11, 2021 IDA-61820 Loan Disb 50,142.68
Jan 29, 2021 IDA-61820 Loan Disb 3,500.41
Jan 29, 2021 IDA-61820 Loan Disb 98,352.98
Jan 29, 2021 IDA-61820 Loan Disb 32,707.57
Jan 19, 2021 IDA-61820 Int Charges 1,219.74
Jan 19, 2021 IDA-61820 Int Charges 42,195.79
Jan 19, 2021 IDA-61820 Int Charges 42,195.79
Jan 19, 2021 IDA-61820 Int Charges 1,219.74
Mar 11, 2021 IDA-61820 Loan Disb 1,395.68
Mar 11, 2021 IDA-61820 Loan Disb 71,671.41
Jul 15, 2021 IDA-68290 Int Charges 12,007.19
Jul 15, 2021 IDA-68290 Int Charges 12,007.19
Jul 15, 2021 IDA-61820 Int Charges 46,297.72
Jul 15, 2021 IDA-61820 Int Charges 46,297.72
Jul 15, 2021 IDA-61820 Int Charges 607.48
Jul 15, 2021 IDA-61820 Int Charges 607.48
Apr 9, 2021 IDA-68290 Loan Disb 5,998,790.50
Jul 19, 2021 IDA-61820 Loan Disb 18,440.00
Aug 19, 2021 IDA-61820 Loan Disb 16,042.72
Jun 20, 2018 IDA-61820 Loan Disb 200,475.00
Jan 16, 2019 IDA-61820 Int Charges 103.29
Jan 16, 2019 IDA-61820 Int Charges 103.29
Jan 16, 2019 IDA-61820 Int Charges 736.97
Jan 15, 2020 IDA-61820 Int Charges 19,484.64
Jan 15, 2020 IDA-61820 Int Charges 19,484.64
Mar 25, 2020 IDA-61820 Loan Disb 39,689.74
Mar 25, 2020 IDA-61820 Loan Disb 62,864.13
Feb 5, 2020 IDA-61820 Loan Disb 4,861,090.00
Jan 15, 2020 IDA-61820 Int Charges 2,244.60
Jan 15, 2020 IDA-61820 Int Charges 2,244.60
May 22, 2020 IDA-61820 Loan Disb 285,034.94
Jan 15, 2023 IDA-61820 Int Charges 45,073.62
Jan 15, 2023 IDA-61820 Int Charges 698.89
Jul 20, 2023 IDA-61820 Loan Disb 109,492.75
Aug 11, 2023 IDA-68290 Loan Disb 34,059.00
Jul 12, 2023 IDA-61820 Loan Disb 77,018.98
Aug 15, 2023 IDA-68290 Loan Disb 21,829.73
Aug 28, 2023 IDA-68290 Loan Disb 15,780.76
Aug 28, 2023 IDA-68290 Loan Disb 190,507.25
Jul 15, 2023 IDA-68290 Int Charges 32,381.12
Jul 15, 2023 IDA-68290 Int Charges 32,381.12
Jul 15, 2023 IDA-68290 Int Charges 761.09
Jul 15, 2023 IDA-68290 Int Charges 761.09
Jul 10, 2023 IDA-61820 Loan Disb 68,257.00
Jul 5, 2023 IDA-61820 Loan Disb 53,321.51
Jul 15, 2023 IDA-61820 Int Charges 1,278.70
Jul 15, 2023 IDA-61820 Int Charges 1,278.70
Jul 15, 2024 IDA-61820 Int Charges 52,572.56
Jul 15, 2024 IDA-61820 Int Charges 388.46
Jul 15, 2024 IDA-61820 Int Charges 388.46
Jul 15, 2024 IDA-68290 Int Charges 240.09
Jul 15, 2024 IDA-68290 Int Charges 240.09
Jul 15, 2024 IDA-68290 Int Charges 32,626.35
Jul 15, 2024 IDA-68290 Int Charges 32,626.35
Feb 15, 2018 IDA-61820 Loan Commitment 15,000,000.00
Feb 4, 2021 IDA-68290 Loan Commitment 10,000,000.00
Nov 29, 2022 IDA-61820 Loan Disb 54,069.15
Nov 22, 2022 IDA-61820 Loan Disb 19,765.03
Oct 20, 2022 IDA-61820 Loan Disb 3,533.40
Oct 20, 2022 IDA-61820 Loan Disb 59,783.76
Oct 20, 2022 IDA-61820 Loan Disb 34,596.92
Oct 20, 2022 IDA-61820 Loan Disb 45,612.67
Dec 6, 2022 IDA-61820 Loan Disb 83,429.93
Feb 16, 2023 IDA-61820 Loan Disb 111,442.46
Jan 15, 2023 IDA-61820 Int Charges 698.89
Jan 15, 2023 IDA-68290 Int Charges 301.80
Jan 15, 2023 IDA-68290 Int Charges 301.80
Jan 15, 2023 IDA-68290 Int Charges 30,433.51
Jan 15, 2023 IDA-68290 Int Charges 30,433.51
Feb 24, 2023 IDA-61820 Loan Disb 80,331.75
Jan 15, 2023 IDA-61820 Int Charges 45,073.62
Jan 16, 2019 IDA-61820 Int Charges 736.97
Jun 24, 2019 IDA-61820 Loan Disb 4,875,646.00
Dec 2, 2019 IDA-61820 Loan Disb 148,622.81
May 29, 2019 IDA-61820 Loan Disb 130,610.28
Jul 15, 2019 IDA-61820 Int Charges 738.12
Jul 15, 2019 IDA-61820 Int Charges 738.12
Jul 15, 2019 IDA-61820 Int Charges 6.62
Jul 15, 2019 IDA-61820 Int Charges 6.62
Nov 21, 2019 IDA-61820 Loan Disb 32,084.24
Sep 19, 2019 IDA-61820 Loan Disb 87,475.63
Jul 15, 2023 IDA-61820 Int Charges 48,340.15
Jul 15, 2023 IDA-61820 Int Charges 48,340.15
Jul 8, 2021 IDA-61820 Loan Disb 11,373.10
Jul 8, 2021 IDA-61820 Loan Disb 101,424.81
Jul 8, 2021 IDA-61820 Loan Disb 30,395.51
Apr 20, 2022 IDA-61820 Loan Disb 95,136.26
Mar 18, 2022 IDA-61820 Loan Disb 54,858.03
Jun 30, 2022 IDA-61820 Loan Disb 50,000.00
Jul 7, 2022 IDA-68290 Loan Disb 230,000.00
May 24, 2022 IDA-61820 Loan Disb 16,562.01
Jul 15, 2022 IDA-68290 Int Charges 43.65
Jul 15, 2022 IDA-68290 Int Charges 43.65
Jul 15, 2022 IDA-68290 Int Charges 20,729.85
Jul 15, 2022 IDA-68290 Int Charges 20,729.85
Jul 15, 2022 IDA-61820 Int Charges 92.25
Jul 15, 2022 IDA-61820 Int Charges 92.25
Jul 15, 2022 IDA-61820 Int Charges 44,562.27
Jul 15, 2022 IDA-61820 Int Charges 44,562.27
May 13, 2022 IDA-61820 Loan Disb 9,015.54
Jan 25, 2022 IDA-61820 Loan Disb 36,293.61
Jan 25, 2022 IDA-61820 Loan Disb 14,946.17
Aug 3, 2022 IDA-68290 Loan Disb 2,700,000.00
Jan 15, 2022 IDA-68290 Int Charges 119.01
Jan 15, 2022 IDA-68290 Int Charges 119.01
Jan 15, 2022 IDA-68290 Int Charges 22,083.91
Jan 15, 2022 IDA-68290 Int Charges 22,083.91
Jan 15, 2022 IDA-61820 Int Charges 443.81
Jan 15, 2022 IDA-61820 Int Charges 443.81
Jan 15, 2022 IDA-61820 Int Charges 46,487.75
Jan 15, 2022 IDA-61820 Int Charges 46,487.75
Jan 25, 2022 IDA-61820 Loan Disb 18,923.25
Jan 25, 2022 IDA-61820 Loan Disb 74,881.85
Oct 4, 2022 IDA-61820 Loan Disb 96,536.28
Nov 2, 2020 IDA-61820 Loan Disb 20,685.27
Nov 2, 2020 IDA-61820 Loan Disb 15,298.46
Nov 2, 2020 IDA-61820 Loan Disb 228,873.69
Nov 2, 2020 IDA-61820 Loan Disb 4,785.58
Nov 2, 2020 IDA-61820 Loan Disb 32,765.94
Jul 6, 2020 IDA-61820 Loan Disb 63,409.76

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2023-06-27
Financial Management Satisfactory 2023-06-27
Monitoring and Evaluation Satisfactory 2023-06-27
Overall Implementation Progress (IP) Satisfactory 2023-06-27
Project Management Satisfactory 2023-06-27
Procurement Satisfactory 2023-06-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-09-2024
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-07-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of approved guarantees for micro, small and medium enterprisesValue0.002167.001800.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • of which share of micro and small enterprises affected by the COVID-19 crisisValue0.0041.000.00
    Date
    Comment
  • of which share of women-led enterprisesValue0.000.000.00
    DateFebruary 15, 2018April 25, 2018
    Comment
  • of which share of micro and small enterprisesValue0.0077.000.00
    Date
    Comment
  • Percentage of adult individuals covered by the credit registryValue19.0035.0022.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Number of firms covered by the credit registryValue3205.008316.004000.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Amount of credit to MSMEs guaranteedValue0.0050300000.0035000000.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • First-time MSMEs borrowers covered by the guarantee schemeValue0.00632.00250.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • of which women-led enterprisesValue0.000.007.00
    DateFebruary 15, 2018April 25, 2018
    Comment
  • Number of co-investments in local firms in accordance with the approved financial, environmental and sustainability criteriaValue0.003.005.00
    DateNovember 24, 2020June 30, 2023January 31, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of signed PCG framework agreements with financial institutionsValue0.008.007.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • of which female-led enterprisesValue0.000.005.00
    DateFebruary 15, 2018April 25, 2018
    Comment
  • Positive financial net results by the PCG management entity (Pró-Garante)ValueNoYesYes
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Businesses satisfied with the technical assistance received under the projectValue0.0080.0075.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Of which, female-led enterprisesValue0.0082.0065.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Number of businesses supported with technical assistanceValue0.00488.00200.00
    DateFebruary 15, 2018June 30, 2023January 31, 2023
    Comment
  • Depth of credit information indexValue6.006.007.00
    DateFebruary 15, 2018March 26, 2021January 31, 2023
    Comment
  • Percentage of beneficiaries that feel project activities reflected their needs (Citizen Engagement Indicator)Value0.0073.0075.00
    DateApril 2, 2018June 30, 2023January 31, 2023
    Comment
  • Mobilization of additional resources from a third party to support co-investments in SMEs by Pró-Capital/Pró-ImpactoValue0.001500000.00250000.00
    DateNovember 24, 2020June 30, 2023January 31, 2023
    Comment