Skip to Main Navigation

PE Sierra Rural Development Project

Abstract*

The project objective is to improve the assets and economic conditions of approximately 53,600 rural families in the selected areas of Apurimac, Ayacucho, Huancavelica, Junin, Huanuco, and Pasco, and strengthen government capacity to implement an integrated Sierra development strategy. The project has three components. Component 1 (Rural Businesses) will award demand-based financing for small subprojects proposed by groups of rural producers to build...

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

Show More

Development Objective

The objective of the Project is to assist the Borrower in improving the assets and economic conditions of rural families in selected areas of the Borrower’s Apurímac, Ayacucho, Huancavelica, Junín, Huánuco and Pasco regions.

Key Details

Project Details

  • P079165

  • Closed

  • Luz Diaz Rios

  • Republic of Peru

  • Peru

  • June 10, 2004

  • (as of board presentation)

    April 24, 2007

  • July 9, 2008

  • US$ 20.00 million

  • B

  • Not Applicable

  • June 30, 2017

  • BANK APPROVED

  • May 10, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 20.00
Local Communities 7.10
Borrower/Recipient 7.83

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 20.00
IDA Commitment N/A
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 34.93

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

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

Detailed Financial Activity as of June 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Oct 15, 2013 IBRD-74430 Int Charges 1,491.90
Oct 15, 2013 IBRD-74430 Int Charges 49,816.68
Jan 7, 2014 IBRD-74430 Loan Disb -165,686.20
Apr 15, 2015 IBRD-74430 Int Charges 37,100.21
Aug 6, 2015 IBRD-82460 Loan Disb 1,640,000.00
Apr 24, 2007 IBRD-74430 Loan Commitment 20,000,000.00
Apr 2, 2013 IBRD-82460 Loan Commitment 20,000,000.00
Aug 15, 2015 IBRD-82460 Int Charges 1,285.10
Apr 15, 2018 IBRD-74430 Int Charges 1,008.22
Apr 15, 2018 IBRD-74430 Int Charges 158,427.94
Apr 15, 2018 IBRD-74430 Loan Repay 9,916,897.00
Nov 15, 2017 IBRD-82460 Loan Disb -684,462.70
Dec 21, 2018 IBRD-82460 Int Charges 127,691.31
Dec 21, 2018 IBRD-82460 Loan Repay 12,011,098.00
Oct 15, 2018 IBRD-74430 Int Charges 127,539.54
Oct 15, 2018 IBRD-74430 Loan Repay 9,916,897.00
Aug 15, 2016 IBRD-82460 Int Charges 6,881.45
Aug 15, 2016 IBRD-82460 Int Charges 94,195.77
Apr 15, 2016 IBRD-74430 Int Charges 57,468.43
Mar 3, 2016 IBRD-82460 Loan Disb 2,000,000.00
Feb 15, 2016 IBRD-82460 Int Charges 291.10
Feb 15, 2016 IBRD-82460 Int Charges 24,136.34
Dec 16, 2015 IBRD-82460 Loan Disb 2,250,000.00
Nov 30, 2015 IBRD-82460 Loan Disb 2,000,000.00
Sep 24, 2015 IBRD-82460 Loan Disb 1,943,596.20
Dec 18, 2015 IBRD-82460 Loan Disb 2,500,000.00
Oct 29, 2015 IBRD-82460 Loan Disb 1,806,123.10
Oct 15, 2015 IBRD-74430 Int Charges 46,378.03
Aug 15, 2017 IBRD-82460 Loan Repay 2,500,000.00
Aug 15, 2017 IBRD-82460 Int Charges 178,988.89
Nov 15, 2017 IBRD-82460 Loan Cancel 684,462.70
Oct 15, 2017 IBRD-74430 Int Charges 146,191.60
Apr 15, 2017 IBRD-74430 Int Charges 131,354.81
Feb 15, 2017 IBRD-82460 Int Charges 155,028.20
Dec 2, 2016 IBRD-82460 Loan Disb 1,400,280.60
May 31, 2016 IBRD-82460 Loan Disb 2,000,000.00
Sep 13, 2016 IBRD-82460 Loan Disb 2,100,000.00
Oct 15, 2016 IBRD-74430 Int Charges 95,780.71
Aug 15, 2018 IBRD-82460 Int Charges 182,616.73
Aug 15, 2018 IBRD-82460 Loan Repay 2,402,219.50
Feb 15, 2018 IBRD-82460 Int Charges 167,497.95
Feb 15, 2018 IBRD-82460 Loan Repay 2,402,219.50
Dec 5, 2014 IBRD-82460 Loan Disb 360,000.00
Oct 15, 2014 IBRD-74430 Int Charges 37,304.06
Feb 15, 2015 IBRD-82460 Int Charges 453.60
Apr 15, 2014 IBRD-74430 Int Charges 41,270.05
Jan 7, 2014 IBRD-74430 Loan Cancel 165,686.20
Jan 7, 2014 IBRD-74430 Loan Disb -519.36
Jan 7, 2014 IBRD-74430 Loan Cancel 519.36
Feb 14, 2014 IBRD-82460 Fee Charges 50,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Moderately Satisfactory 2017-06-27
Progress towards achievement of PDO Satisfactory 2017-06-27
Counterpart Funding Satisfactory 2017-06-27
Monitoring and Evaluation Satisfactory 2017-06-27
Overall Implementation Progress (IP) Satisfactory 2017-06-27
Procurement Satisfactory 2017-06-27
Project Management Satisfactory 2017-06-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2017
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-09-2018PROJECT PERFORMANCE ASSESSMENT REPORT: 02-26-2019
Outcome RatingSatisfactory Satisfactory
Risk To Development OutcomeNot Rated
Bank PerformanceModerately SatisfactorySatisfactory
Borrower PerformanceNot Rated
Government PerformanceNot RatedNot Rated
Implementing AgencyNot Rated
Icr QualitySubstantialNot Rated
M&e QualitySubstantialSubstantial

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Value of principal productive assets of 75% of beneficiaries increased by 30%Value0.0030.0065.01
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • Increase in net volume of sales of families participating in Rural Business subprojectsValue0.0020.0035.00
    DateDecember 20, 2013June 30, 2017June 21, 2017
    Comment
  • At EOP, at least 80 percent of subprojects have an index value of objectives achievement over 70 percentValue0.0080.0090.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Of which femalesValue0.000.0034053.00
    DateJuly 9, 2008June 21, 2017
    Comment
  • of which Rural BusinessesValue0.0060.0099.00
    DateDecember 20, 2013June 30, 2017June 21, 2017
    Comment
  • Of which Community/Territorial developmentValue0.0060.00100.00
    DateJune 30, 2013June 30, 2017June 21, 2017
    Comment
  • At least 1174 business plans implementedValue0.001174.001548.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • At least 1250 community development subprojects implemented, benefiting at least 35,000 families.(875A+375AII)Value0.001250.001427.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • At least 70 percent of rural business completed are operational two years after their completion dateValue0.0070.0082.00
    DateDecember 20, 2013June 30, 2017June 21, 2017
    Comment
  • Rural business plans originally supported under the OL receive additional support under the AFValue0.00140.00123.00
    DateDecember 20, 2013June 30, 2017June 21, 2017
    Comment
  • Direct project beneficiariesValue0.0085200.0087723.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • Percent of rural business subprojects (BPs and TDPs) that accomplish their disbursement and investment plans according to the timeline establishedin their plansValue0.0060.0099.00
    DateDecember 20, 2013June 30, 2017June 21, 2017
    Comment
  • at least 20 percent of the TdP/Community Plans are led by women’s organizationsValue0.0020.0036.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • of which from Rural BusinessesValue0.0035200.0030886.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment
  • of which from community/territorial developmentValue0.0050000.0056837.00
    DateJuly 9, 2008June 30, 2017June 21, 2017
    Comment