Support to MSME Growth Competitiveness and Access to Finance

Abstract*

The objective of the Support to MSME Growth, Competitiveness and Access to Finance Project is to support micro, small and medium enterprises’ access to markets and access to finance in the Conakry urban area. There are four components to the project, the first component being Support entrepreneurship and MSME Development. This component includes three subcomponents: MSME business development services, connect MSMEs to sales contract opportunities... Show More

Development Objective

Support micro, small and medium enterprises access to markets and access to finance in the Conakry urban area.

Key Details

Project Details

Project ID
P164283
Status
Closed
Team Leader
Sarah Zekri , Jeremy Strauss
Borrower 2
Republic of Guinea

Country
Guinea
Disclosure Date
March 27, 2019
Approval Date
(as of board presentation)
June 7, 2019
Effective Date
January 27, 2020

Total Project Cost 1
US$ 30.00 million
Implementing Agency
Ministry of Industry and SMEs
Region
Western and Central Africa
Fiscal Year 3
2019

Commitment Amount
US$ 30.00 million
Environmental Category
B
Last Update Date
May 8, 2024
Closing Date
May 29, 2024

Consultant Services required
No
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Infrastructure and Access60%
- FY17 - Credit Infrastructure20%
- FY17 - MSME Finance60%

FY17 - Private Sector Development

FY17 - Business Enabling Environment10%
- FY17 - Investment and Business Climate10%
FY17 - Enterprise Development40%
- FY17 - Entrepreneurship23%
- FY17 - MSME Development23%
FY17 - ICT13%
- FY17 - ICT Solutions13%
FY17 - Jobs41%
- FY17 - Job Creation25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	15.00
IDA Grant	15.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	30.00
IBRD + IDA Commitment	30.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	30.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 14, 2022	IDA-64690	Loan Disb	120,847.76
Mar 25, 2022	IDA-D5070	Loan Disb	64,463.49
Mar 25, 2022	IDA-D5070	Loan Disb	68,614.06
Mar 25, 2022	IDA-D5070	Loan Disb	75,044.52
Mar 25, 2022	IDA-D5070	Loan Disb	25,569.66
Apr 1, 2022	IDA-64690	Loan Disb	21,298.96
Apr 15, 2022	IDA-64690	Int Charges	68.22
Apr 15, 2022	IDA-64690	Int Charges	68.22
Apr 15, 2022	IDA-64690	Int Charges	18,622.62
Apr 15, 2022	IDA-64690	Int Charges	18,622.62
Jun 27, 2022	IDA-D5070	Loan Disb	143,758.67
Apr 8, 2022	IDA-64690	Loan Disb	53,385.66
Apr 8, 2022	IDA-64690	Loan Disb	56,822.98
Jun 27, 2022	IDA-64690	Loan Disb	119,054.27
Aug 31, 2021	IDA-D5070	Loan Disb	44,518.66
Aug 31, 2021	IDA-64690	Loan Disb	36,868.28
Apr 26, 2021	IDA-64690	Int Charges	12,119.53
Apr 26, 2021	IDA-64690	Int Charges	12,119.53
Apr 26, 2021	IDA-64690	Int Charges	39.74
Apr 26, 2021	IDA-64690	Int Charges	39.74
Jul 16, 2021	IDA-64690	Loan Disb	137,448.98
Jul 16, 2021	IDA-D5070	Loan Disb	165,970.38
Jun 28, 2021	IDA-D5070	Loan Disb	75,568.10
Jun 28, 2021	IDA-64690	Loan Disb	62,581.98
Jun 7, 2019	IDA-D5070	Loan Commitment	15,000,000.00
Feb 13, 2024	IDA-64690	Loan Disb	341,454.25
Aug 23, 2024	IDA-D5070	Loan Disb	287,506.70
Aug 23, 2024	IDA-64690	Loan Disb	238,099.70
May 20, 2024	IDA-D5070	Loan Disb	461,106.47
May 20, 2024	IDA-64690	Loan Disb	381,866.97
Apr 16, 2024	IDA-64690	Loan Disb	302,313.47
Apr 16, 2024	IDA-D5070	Loan Disb	365,045.20
May 28, 2024	IDA-D5070	Loan Disb	425,000.00
May 28, 2024	IDA-64690	Loan Disb	1,275,000.00
Mar 28, 2024	IDA-64690	Loan Disb	547,436.10
Mar 28, 2024	IDA-D5070	Loan Disb	820,500.00
Apr 15, 2024	IDA-64690	Int Charges	766.82
Apr 15, 2024	IDA-64690	Int Charges	766.82
Apr 15, 2024	IDA-64690	Int Charges	60,908.69
Apr 15, 2024	IDA-64690	Int Charges	60,908.69
Apr 5, 2024	IDA-64690	Loan Disb	679,500.00
Aug 29, 2024	IDA-64690	Loan Disb	101,596.59
Mar 29, 2024	IDA-D5070	Loan Disb	646,032.10
Feb 13, 2024	IDA-D5070	Loan Disb	412,307.88
Dec 26, 2023	IDA-D5070	Loan Disb	820,500.00
Dec 26, 2023	IDA-D5070	Loan Disb	536,914.40
Oct 18, 2023	IDA-64690	Int Charges	643.65
Oct 18, 2023	IDA-64690	Int Charges	643.65
Oct 18, 2023	IDA-64690	Int Charges	40,079.24
Oct 18, 2023	IDA-64690	Int Charges	40,079.24
Nov 7, 2023	IDA-64690	Loan Disb	534,025.94
Dec 26, 2023	IDA-64690	Loan Disb	444,647.56
Dec 26, 2023	IDA-64690	Loan Disb	679,500.00
Nov 7, 2023	IDA-D5070	Loan Disb	644,839.25
Oct 10, 2023	IDA-64690	Loan Disb	219,280.95
Oct 10, 2023	IDA-D5070	Loan Disb	264,782.97
Nov 27, 2023	IDA-64690	Loan Disb	301,696.12
Nov 27, 2023	IDA-D5070	Loan Disb	364,299.72
Aug 24, 2023	IDA-D5070	Loan Disb	415,665.80
Jun 30, 2023	IDA-D5070	Loan Disb	432,165.28
Jun 30, 2023	IDA-64690	Loan Disb	357,899.22
May 22, 2023	IDA-64690	Loan Disb	307,679.90
Oct 15, 2023	IDA-64690	Int Charges	0.45
Oct 15, 2023	IDA-64690	Int Charges	0.45
May 17, 2023	IDA-D5070	Loan Disb	371,525.20
Feb 17, 2023	IDA-64690	Loan Disb	270,131.30
Feb 17, 2023	IDA-D5070	Loan Disb	326,185.03
Aug 1, 2023	IDA-64690	Loan Disb	191,203.94
Aug 1, 2023	IDA-D5070	Loan Disb	230,879.80
Jun 20, 2023	IDA-64690	Loan Disb	1,132,500.00
Jun 20, 2023	IDA-D5070	Loan Disb	1,367,500.00
Aug 24, 2023	IDA-64690	Loan Disb	344,235.12
Apr 25, 2023	IDA-64690	Loan Disb	340,971.80
Apr 15, 2023	IDA-64690	Int Charges	245.10
Apr 15, 2023	IDA-64690	Int Charges	245.10
Apr 15, 2023	IDA-64690	Int Charges	25,800.87
Apr 15, 2023	IDA-64690	Int Charges	25,800.87
Apr 25, 2023	IDA-D5070	Loan Disb	411,725.34
Oct 15, 2022	IDA-64690	Int Charges	112.70
Oct 15, 2022	IDA-64690	Int Charges	112.70
Dec 14, 2020	IDA-64690	Loan Disb	127,687.03
Mar 23, 2021	IDA-D5070	Loan Disb	104,111.88
Feb 26, 2021	IDA-D5070	Loan Disb	368,613.44
Sep 28, 2020	IDA-D5070	Loan Disb	44,943.52
Sep 28, 2020	IDA-64690	Loan Disb	37,227.38
Jul 22, 2020	IDA-64690	Loan Disb	9,408.14
Jul 22, 2020	IDA-D5070	Loan Disb	11,360.38
Oct 15, 2020	IDA-64690	Int Charges	2,778.44
Oct 15, 2020	IDA-64690	Int Charges	2,778.44
Oct 15, 2020	IDA-64690	Int Charges	10,034.66
Oct 15, 2020	IDA-64690	Int Charges	10,034.66
Oct 2, 2020	IDA-D5070	Loan Disb	30,528.60
Jul 10, 2020	IDA-64690	Loan Disb	13,861.84
Jul 10, 2020	IDA-D5070	Loan Disb	16,738.25
Mar 16, 2020	IDA-64690	Loan Disb	406,000.00
Mar 16, 2020	IDA-D5070	Loan Disb	1,094,000.00
Jan 27, 2020	IDA-64690	Loan Disb	715,507.94
Jun 1, 2020	IDA-64690	Loan Disb	81,131.61
Jun 24, 2020	IDA-64690	Loan Disb	263,521.44
Jun 1, 2020	IDA-D5070	Loan Disb	97,966.87
Oct 15, 2022	IDA-64690	Int Charges	21,193.30
Oct 15, 2022	IDA-64690	Int Charges	21,193.30
Nov 14, 2022	IDA-D5070	Loan Disb	57,278.91
Oct 27, 2022	IDA-64690	Loan Disb	47,435.73
Aug 22, 2022	IDA-D5070	Loan Disb	63,516.33
Mar 25, 2022	IDA-64690	Loan Disb	62,148.39
Mar 25, 2022	IDA-64690	Loan Disb	21,175.61
Mar 25, 2022	IDA-D5070	Loan Disb	25,718.62
Aug 22, 2022	IDA-64690	Loan Disb	52,601.27
Dec 23, 2022	IDA-D5070	Loan Disb	251,976.62
Dec 23, 2022	IDA-64690	Loan Disb	208,675.34
Oct 4, 2022	IDA-D5070	Loan Disb	207,049.44
Oct 4, 2022	IDA-64690	Loan Disb	117,085.00
Oct 4, 2022	IDA-64690	Loan Disb	171,468.73
Oct 4, 2022	IDA-D5070	Loan Disb	141,380.78
Jul 14, 2022	IDA-D5070	Loan Disb	145,924.34
Oct 21, 2021	IDA-64690	Int Charges	695.65
Oct 21, 2021	IDA-64690	Int Charges	695.65
Oct 21, 2021	IDA-64690	Int Charges	17,034.53
Oct 21, 2021	IDA-64690	Int Charges	17,034.53
Feb 26, 2021	IDA-64690	Loan Disb	305,317.72
Mar 23, 2021	IDA-64690	Loan Disb	86,220.61
Jul 28, 2021	IDA-64690	Loan Disb	74,436.62
Jun 11, 2021	IDA-64690	Loan Disb	129,535.23
Jun 11, 2021	IDA-D5070	Loan Disb	156,414.52
Apr 1, 2021	IDA-64690	Loan Disb	4,562.01
Apr 1, 2021	IDA-D5070	Loan Disb	5,508.67
Jul 28, 2021	IDA-D5070	Loan Disb	89,882.62
Oct 2, 2020	IDA-64690	Loan Disb	25,282.34
Dec 14, 2020	IDA-D5070	Loan Disb	143,248.39
Jun 7, 2019	IDA-64690	Loan Commitment	15,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-01-02
Procurement	Moderately Satisfactory	2024-01-02
Progress towards achievement of PDO	Moderately Satisfactory	2024-01-02
Project Management	Moderately Satisfactory	2024-01-02
Financial Management	Moderately Satisfactory	2024-01-02
Monitoring and Evaluation	Moderately Satisfactory	2024-01-02

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Loans provided to MSMEs by financial institutions participating in the FGPE Value 0.00 2749.00 2500.00
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment
Credit registry coverage (% population) Value 0.03 4.50 5.50
Date December 27, 2019 April 23, 2024 May 29, 2024
Comment
Value of sales contracts won by MSMEs supported by the project Value 0.00 37.00 25.00
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment
Number of start-up or innovative MSMEs successfully supported Value 0.00 190.00 150.00
Date September 28, 2018 April 23, 2024 May 29, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

MFIs digitally transformed Value 0.00 4.00 4.00
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment
Large domestic and foreign companies signed up for MSME linkage program Value 0.00 43.00 50.00
Date September 18, 2018 April 23, 2024 April 28, 2023
Comment
Number of inquiries received by SIC on a monthly basis Value 0.00 12000.00 6000.00
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment
Entrepreneurship ecosystem providers to be strengthened Value 0.00 13.00 10.00
Date September 18, 2018 April 23, 2024 May 29, 2024
Comment
A collateral registry established and operational Value No No Yes
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment

Number of grass root events, workshops, and strategic engagements with civil society representatives for broad-based consultations on the implementation and impact of MSME programs	Value	0.00	20.00	20.00
	Date	November 29, 2018	April 23, 2024	May 29, 2024
	Comment

A PPCG Fund is created and operational Value No Yes Yes
Date December 31, 2019 April 23, 2024 May 29, 2024
Comment

Credit registry coverage (% population)	Value	0.03	4.50	5.50
	Date	December 27, 2019	April 23, 2024	May 29, 2024
	Comment

MFIs digitally transformed	Value	0.00	4.00	4.00
	Date	December 31, 2019	April 23, 2024	May 29, 2024
	Comment

A PPCG Fund is created and operational	Value	No	Yes	Yes
	Date	December 31, 2019	April 23, 2024	May 29, 2024
	Comment

Support to MSME Growth Competitiveness and Access to Finance

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS