1. What We Do

Micro, Small, and Medium Enterprise Competitiveness Project

Abstract*

The Micro, Small, and Medium Enterprise (MSMEs) Competitiveness Project aims to increase productivity, and employment in participating MSMEs, by strengthening financial, and non-financial markets to meet the their demand, strengthening institutional support for employable skills, and business management, and, reducing critical investment climate constraints on MSMEs. Through its components, the project will: 1) deepen and expand the reach of financial...

* 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 Project aims to increase productivity and employment in participating micro, small and medium enterprises (MSMEs). This objective will be achieved by strengthening financial and non-financial markets to meet the demand of MSMEs, strengthening support for employable skills and business management, and reducing critical investment climate constraints in MSMEs. The project will focus on key value chains and on both formal small and medium enterprises and informal microenterprises that have high potential for dynamic growth, including 'graduation' from informal to formal status.

Key Details

Project Details

  • P085007

  • Closed

  • Yira Mascaro

  • N/A

  • Kenya

  • February 4, 2004

  • (as of board presentation)

    July 13, 2004

  • December 17, 2004

  • US$ 22.00 million

  • C

  • Not Applicable

  • June 30, 2012

  • BANK APPROVED

  • January 15, 2013

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Sub-National GovernmentFY17 - Workforce Developmentand Vocational EducationFY17 - Workforce Development and Vocational EducationFY17 - Banking InstitutionsFY17 - Other Non-bank FinancialInstitutionsFY17 - Other Non-bank Financial InstitutionsFY17 - Other Industry, Trade andServicesFY17 - Other Industry, Trade and Services

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 22.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 22.00
IBRD + IDA Commitment 22.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 22.00

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

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

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Sep 16, 2014 IDA-39590 Int Charges 55,528.85
Sep 16, 2014 IDA-39590 Int Charges 678.89
Sep 16, 2014 IDA-39590 Int Charges 678.89
Mar 15, 2017 IDA-39590 Int Charges 837.56
Mar 15, 2017 IDA-39590 Int Charges 837.56
Sep 15, 2016 IDA-39590 Int Charges 2,444.31
Sep 15, 2016 IDA-39590 Int Charges 2,444.31
Sep 15, 2016 IDA-39590 Loan Repay 138,217.44
Sep 15, 2016 IDA-39590 Int Charges 20.15
Sep 15, 2016 IDA-39590 Int Charges 20.15
Sep 15, 2016 IDA-39590 Int Charges 48,889.25
Sep 15, 2016 IDA-39590 Int Charges 48,889.25
Mar 15, 2018 IDA-39590 Int Charges 4,542.98
Mar 15, 2018 IDA-39590 Int Charges 4,542.98
Mar 15, 2018 IDA-39590 Loan Repay 143,446.81
Mar 15, 2018 IDA-39590 Int Charges 47,255.66
Mar 15, 2018 IDA-39590 Int Charges 47,255.66
Sep 15, 2017 IDA-39590 Int Charges 45,088.45
Sep 15, 2017 IDA-39590 Int Charges 45,088.45
Sep 15, 2017 IDA-39590 Loan Repay 140,315.08
Sep 15, 2017 IDA-39590 Loan Repay 221.92
Mar 15, 2017 IDA-39590 Loan Repay 133,212.11
Mar 15, 2017 IDA-39590 Int Charges 47,456.79
Mar 15, 2017 IDA-39590 Int Charges 47,456.79
Oct 3, 2018 IDA-39590 Int Charges 47,443.57
Oct 3, 2018 IDA-39590 Int Charges 47,443.57
Oct 3, 2018 IDA-39590 Int Charges 2,656.86
Oct 3, 2018 IDA-39590 Int Charges 2,656.86
Oct 3, 2018 IDA-39590 Loan Repay 137,517.61
Mar 15, 2020 IDA-39590 Loan Repay 2,090.68
Mar 15, 2020 IDA-39590 Loan Repay 133,940.44
Mar 15, 2020 IDA-39590 Int Charges 5.66
Mar 15, 2020 IDA-39590 Int Charges 5.66
Sep 15, 2019 IDA-39590 Loan Repay 186.72
Sep 17, 2019 IDA-39590 Loan Repay 134,930.97
Sep 17, 2019 IDA-39590 Int Charges 8.36
Sep 17, 2019 IDA-39590 Int Charges 8.36
Sep 17, 2019 IDA-39590 Int Charges 45,602.03
Sep 17, 2019 IDA-39590 Int Charges 45,602.03
Mar 15, 2019 IDA-39590 Loan Repay 1,181.01
Mar 18, 2019 IDA-39590 Loan Repay 136,404.38
Mar 18, 2019 IDA-39590 Int Charges 51.59
Mar 18, 2019 IDA-39590 Int Charges 51.59
Mar 18, 2019 IDA-39590 Int Charges 46,951.46
Mar 18, 2019 IDA-39590 Int Charges 46,951.46
Mar 15, 2021 IDA-39590 Int Charges 3,476.16
Mar 15, 2021 IDA-39590 Int Charges 3,476.16
Mar 15, 2021 IDA-39590 Loan Repay 140,997.95
Mar 15, 2021 IDA-39590 Int Charges 46,000.60
Mar 15, 2021 IDA-39590 Int Charges 46,000.60
Sep 15, 2020 IDA-39590 Int Charges 42,696.33
Sep 15, 2020 IDA-39590 Int Charges 42,696.33
Sep 15, 2020 IDA-39590 Loan Repay 434.47
Sep 15, 2020 IDA-39590 Loan Repay 139,394.81
Mar 15, 2020 IDA-39590 Int Charges 45,400.37
Mar 15, 2020 IDA-39590 Int Charges 45,400.37
Mar 15, 2022 IDA-39590 Int Charges 179.30
Mar 15, 2022 IDA-39590 Int Charges 179.30
Mar 15, 2022 IDA-39590 Loan Repay 136,146.60
Mar 15, 2022 IDA-39590 Int Charges 43,396.76
Mar 15, 2022 IDA-39590 Int Charges 43,396.76
Sep 15, 2021 IDA-39590 Loan Repay 1,589.42
Sep 15, 2021 IDA-39590 Loan Repay 139,163.73
Sep 15, 2021 IDA-39590 Int Charges 45,207.55
Sep 15, 2021 IDA-39590 Int Charges 45,207.55
Mar 15, 2023 IDA-39590 Loan Repay 129,530.81
Mar 15, 2023 IDA-39590 Int Charges 40,898.22
Mar 15, 2023 IDA-39590 Int Charges 40,898.22
Sep 15, 2023 IDA-39590 Loan Repay 2,222.25
Sep 15, 2023 IDA-39590 Loan Repay 127,941.85
Sep 15, 2023 IDA-39590 Int Charges 40,025.42
Sep 15, 2023 IDA-39590 Int Charges 40,025.42
Sep 15, 2022 IDA-39590 Loan Repay 3,722.58
Sep 15, 2022 IDA-39590 Loan Repay 124,091.35
Sep 15, 2022 IDA-39590 Int Charges 40,261.42
Sep 15, 2022 IDA-39590 Int Charges 40,261.42
Jul 13, 2004 IDA-39590 Loan Commitment 22,000,000.00
Mar 15, 2024 IDA-39590 Loan Repay 4,618.93
Mar 15, 2024 IDA-39590 Loan Repay 126,816.48
Mar 15, 2024 IDA-39590 Int Charges 39,923.47
Mar 15, 2024 IDA-39590 Int Charges 39,923.47
Mar 15, 2023 IDA-39590 Loan Repay 1,869.07
Sep 15, 2013 IDA-39590 Int Charges 1,738.60
Sep 15, 2013 IDA-39590 Int Charges 1,738.60
Sep 15, 2013 IDA-39590 Int Charges 55,802.14
Sep 15, 2013 IDA-39590 Int Charges 55,802.14
Jun 24, 2013 IDA-39590 Loan Disb -932.91
Jun 24, 2013 IDA-39590 Loan Cancel 1,435,283.80
Jun 24, 2013 IDA-39590 Loan Disb -17,748.09
Mar 27, 2015 IDA-39590 Loan Repay 130,651.25
Mar 27, 2015 IDA-39590 Int Charges 2.84
Mar 27, 2015 IDA-39590 Int Charges 2.84
Mar 27, 2015 IDA-39590 Int Charges 50,797.97
Mar 27, 2015 IDA-39590 Int Charges 50,797.97
Mar 19, 2014 IDA-39590 Int Charges 56,783.72
Mar 19, 2014 IDA-39590 Int Charges 56,783.72
Mar 19, 2014 IDA-39590 Int Charges 790.91
Mar 19, 2014 IDA-39590 Int Charges 790.91
Mar 22, 2016 IDA-39590 Int Charges 1,727.80
Mar 22, 2016 IDA-39590 Int Charges 1,727.80
Mar 22, 2016 IDA-39590 Loan Repay 138,340.81
Mar 22, 2016 IDA-39590 Int Charges 47,874.98
Mar 22, 2016 IDA-39590 Int Charges 47,874.98
Sep 15, 2015 IDA-39590 Loan Repay 5,657.02
Sep 15, 2015 IDA-39590 Loan Repay 133,566.20
Sep 15, 2015 IDA-39590 Int Charges 33.23
Sep 15, 2015 IDA-39590 Int Charges 33.23
Sep 15, 2015 IDA-39590 Int Charges 49,425.68
Sep 15, 2015 IDA-39590 Int Charges 49,425.68
Mar 15, 2015 IDA-39590 Loan Repay 6,110.02
Sep 16, 2014 IDA-39590 Loan Repay 148,077.06
Sep 16, 2014 IDA-39590 Int Charges 55,528.85
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Moderately Satisfactory 2012-07-11
Progress towards achievement of PDO Moderately Satisfactory 2012-07-11
Counterpart Funding Moderately Satisfactory 2012-07-11
Financial Management Satisfactory 2012-07-11
Overall Implementation Progress (IP) Moderately Satisfactory 2012-07-11
Procurement Satisfactory 2012-07-11
Monitoring and Evaluation Moderately Unsatisfactory 2012-07-11

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-20-2012
OutcomesModerately Satisfactory
Risk to Development OutcomeSubstantial
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-16-2013PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeSignificantN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately UnsatisfactoryN/a
Government PerformanceModerately UnsatisfactoryN/a
Implementing AgencyModerately UnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNegligibleN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • At least 2,500 new jobs created in participating MSMEsValue0.001803.002500.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentBaseline before interventions = 0Target largely met (72%):1,310 new jobs (C1B)483 full-time equivalent new jobs at coffee farmers’ cooperatives10 permanentnew jobs at cotton ginnneries(Sources: TIPs for C1B and C2A)At least 2500 new jobs created in participating MSMEs
  • Value added per worker increases by 20 percent in participating MSMEsValue0.0070.0020.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentBaseline before interventions:RKF - Turnover per worker before intervention = KSh995,867Coffee value chain - Average annualproduction per beneficiary MSME = 1,164,637 kgTarget met (more than 2 times higher than original).Value-added (change in turnover as proxy) per worker increased toKSh1,691,502 or by 70% in the MSME beneficiaries of the RK/TA funds (C1B).Value added (average annual production as proxy) perparticipating coffee MSME (farmers cooperative) reached to 1,553,163 kg or increased by 33.42A)Share of top-grade productsincreased by 23.8% per annum per coffee growers cooperative (C2A)(Sources: TIPs for C1B and C2A)Value added per worker increases by 20 percent in participating MSMEs

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Volume of Bank Support: Institutional Development - MicrofinanceValue0.00756021.005750000.00
    DateDecember 31, 2004May 31, 2012June 30, 2012
    CommentBaseline before IDA credit = 0This is the amount of IDA credit proceeds disbursed to Kenya-FSD in support of the 18 projects to micro-finance and otherinstitutions.
  • Volume of Bank Support: Institutional Development - SMEValue0.002709529.002000000.00
    DateDecember 31, 2004May 31, 2012June 30, 2010
    CommentBaseline before IDA credit = 0Target met :C1B – Risk Capital and TA funds disbursed $452,599 in TA fundsC2A – Pilot value chain matching grant program(business development services) disbursed $2.57 million.(Source: disbursement table in operational portal- Category 6 – C2A, andTIP forC1B)
  • Volume of Bank Support: Enabling Environment - SMEValue0.00448676.000.00
    DateDecember 31, 2010June 30, 2012
    Commentcomponent dropped after project restructuring
  • Direct project beneficiariesValue0.00219136.000.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentBaseline before Project = 0Direct investment beneficiaries = 98 (C1B)Direct TA beneficiaries = 23,631Direct training beneficiaries = 195,407(Source:TIPs for C1a, C1B, C2A, and C2C; PMC)No target was established when the Bank core indicator was added.
  • At least US$11.5m in loans and quasi-equity investment to SMEs disbursed through SME risk capital fund and facilitated through targeted technical assistance, with loan loss rate below 10%Value0.0011050000.0011500000.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentNo RFK of similar nature/size existedTarget largely met (96% of the original target):US$11.05 million investment funds disbursed, and loan loss rate was6.4%(Source: TIP for C1B)
  • At least 70 percent of financial institutions receiving grants from the Financial Sector Deepening Trust meet or exceed their business plan targetsValue0.0050.0070.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentNo FI received assistance from the newly minted FSD.Target partially met:Total # of FSD projects co-financed by the Project is 18. Qualitative information on the projectperformance is available for 15 projects, and out of which 7 appear to be satisfactory.Quantitative information is available on 6FI beneficiaries, and 3 are reported to have reached or exceeded their business plan targets, which is equal to 50%.(Source: TIPfor C1A)
  • A comprehensive supply chain strategy, which responds to market, technical, human resource and financial needs of key players alongthe entire supply chain, is created for at least three sectors. (TexValue0.003.003.00
    DateJanuary 1, 2005March 30, 2012June 30, 2012
    CommentNo value/supply chain strategies existedTarget met:Three value chain strategies adopted and under implementation (coffee, cotton and leather value chains)(Source: TIPfor C2A and PMC)A comprehensive supply chain strategy, which responds to market, technical, human resource and financial needs of key playersalongthe entire supply chain, is created for at least three sectors.
  • Agreement on training levy scheme, legislation and implementation planValue0.001.001.00
    DateJanuary 1, 2005March 30, 2012June 30, 2012
    CommentNo agreementTarget largely met:The consultant report on the strategy and its implementation plan was finalized and accepted byMOI(Source:PMC)Agreement on training levy scheme legislation and implementation plan
  • 100 new business case studies introduced into the Borrower#s universities# business school curriculum.Value0.00170.00100.00
    DateJanuary 1, 2005March 30, 2012June 30, 2012
    CommentNo new casesTarget met (70% higher than the original target):137 cases developed under 1st phase and 33e8 cases under 2nd phase(Source:TIPfor C2C-GBSN business skills)100 new business cases produced, and case-based instruction is routinely used in at least one required course in each of the threebusiness schools.
  • Case-based instruction is routinely used in at least one required course in each of the three business schools.Value0.003.003.00
    DateJanuary 1, 2005March 30, 2012June 30, 2012
    CommentCase study methodology rarely used routinely in the three schools.Target met:All the 3 participating universities used the case-study methodology and the cases developed under the Project attheir executive training centers/programs(Source: TIP for C2C-GBSN business skills)Case-based instruction is routinely used in at least one required course in each of the three business schools.
  • At least 200 eligible entrepreneurs apply to the business plan competition in the first year, with at least a 5% increase in the number of eligible applicants annually.Value0.003493.00200.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentNo similar BPC existedTarget met (more than 16 times higher than the original target):3493 eligible applicants under the 2nd phase, which is equal toatotal increase of 67% in approximately 3 years.(Source: TIP for C2C-Business Plan Competition)At least 200 eligible entrepreneurs apply to the business plan competition in the first year.
  • Increased subcontracting in local supply chains providing at least 50% increase in the level of local sourcingValue0.001000.0050.00
    DateJanuary 9, 2008March 30, 2012June 30, 2012
    CommentInformation available is only on cotton to garment value chain.Baseline year for Mwea ginnery (2010) = 200 subcontractors; andbaseline year for Ginu ginnery (2008), no subcontractors were formally engaged.The 3rd ginnery beneficiary did not engage anysubcontract (it was a one-man shop).Target met (over 10 times increase):Under C2A, only the cotton t garment value chain engaged beneficiaries that subcontract.Those are three ginneries and two of them experienced exponential increase in subcontracting (Mwea from 500 to over 5,600; and Merufromnegligible to 1,500). The 3rd ginnery is very small with only 3 permanent employees by the reporting period.A possibleexplanationof the lack of subcontracting data and activities under the other value chains could be the level of interventions; i.e.they weretargeted mainly to individual farmers and farmers' cooperatives, rather than factories. The nature of productionactivities may beanother reason. This needs to be further investigated during the ICR exercise.(Sources: TIP for C2A)50% increase in subcontracting in local supply chains
  • Female beneficiariesValue0.00648.000.00
    DateJune 30, 2005March 30, 2012June 30, 2012
    CommentNo target availableAt least 16000 people trained (13,727 farmers certified, 1,481 under BPC/GBSN, 1036 under FSD Kenya)