| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 100.00 |
| GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW) | 53.78 |
| Borrowing Country's Fin. Intermediary/ies | 4391.92 |
Micro and Small Enterprise Finance Project
Abstract*
The China Micro and Small Enterprise Finance Project will support the Government's priority program to catalyze the expansion of commercial lending to the emerging segment of medium-sized enterprises (MSEs) that are strongly competitive and privately owned, but in need of funds for working and investment capital. The project also aims to strengthen the capacity of banks to provide lending to MSEs on a mass-market and profitable basis. The project... Show More
Development Objective
The objective of the MSE Finance Project is to demonstrate the commercial sustainability of MSE lending to PFIs and, through them, to expand credit flows to MSEs on a mass-market basis with low risks and transaction costs.
Key Details
Project Details
P096285
Closed
Nancy Chen
N/A
July 11, 2005
(as of board presentation)
June 19, 2007
July 10, 2008
US$ 4545.70 million
N/A
2007
US$ 153.78 million
F
Not Applicable
June 30, 2011
BANK APPROVED
January 15, 2013
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 100.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 53.78 |
| Total Project Cost** | 4545.70 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 15, 2013 | IBRD-74610 | Int Charges | 182,489.39 |
| Dec 15, 2023 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2014 | IBRD-74610 | Int Charges | 134,027.25 |
| Dec 15, 2014 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2014 | IBRD-74610 | Int Charges | 147,186.89 |
| Jun 15, 2014 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2015 | IBRD-74610 | Int Charges | 133,813.08 |
| Jun 15, 2015 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2016 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2015 | IBRD-74610 | Int Charges | 160,600.22 |
| Dec 15, 2015 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2016 | IBRD-74610 | Int Charges | 290,342.56 |
| Dec 15, 2016 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2016 | IBRD-74610 | Int Charges | 248,412.34 |
| Dec 15, 2017 | IBRD-74610 | Int Charges | 380,428.72 |
| Dec 15, 2017 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2017 | IBRD-74610 | Int Charges | 370,611.16 |
| Jun 15, 2017 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2018 | IBRD-74610 | Int Charges | 572,002.75 |
| Dec 15, 2018 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2018 | IBRD-74610 | Int Charges | 434,825.25 |
| Jun 15, 2018 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2019 | IBRD-74610 | Int Charges | 449,907.88 |
| Dec 15, 2019 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2019 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2019 | IBRD-74610 | Int Charges | 607,532.20 |
| Dec 15, 2020 | IBRD-74610 | Int Charges | 73,016.52 |
| Dec 15, 2020 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2020 | IBRD-74610 | Int Charges | 334,833.16 |
| Jun 15, 2020 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2022 | IBRD-74610 | Int Charges | 36,073.68 |
| Jun 15, 2022 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2021 | IBRD-74610 | Int Charges | 41,207.84 |
| Jun 15, 2021 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2023 | IBRD-74610 | Int Charges | 361,760.60 |
| Jun 15, 2023 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2022 | IBRD-74610 | Int Charges | 221,168.11 |
| Dec 15, 2022 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Dec 15, 2021 | IBRD-74610 | Int Charges | 24,174.81 |
| Dec 15, 2021 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 19, 2007 | IBRD-74610 | Loan Commitment | 100,000,000.00 |
| Jun 15, 2024 | IBRD-74610 | Loan Repay | 3,391,500.00 |
| Jun 15, 2024 | IBRD-74610 | Int Charges | 202,226.28 |
| Dec 15, 2023 | IBRD-74610 | Int Charges | 295,907.20 |
| Dec 15, 2013 | IBRD-74610 | Loan Repay | 3,391,500.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2011-07-05 |
| Project Management | Satisfactory | 2011-07-05 |
| Financial Management | Satisfactory | 2011-07-05 |
| Monitoring and Evaluation | Satisfactory | 2011-07-05 |
| Overall | Low | 2011-07-05 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2011-07-05 |
| Counterpart Funding | Satisfactory | 2011-07-05 |
| Procurement | Satisfactory | 2011-07-05 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-28-2011 |
|---|---|
| Outcomes | |
| Risk to Development Outcome | Substantial |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-11-2012 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Satisfactory | N/a |
| Risk To Development Outcome | Moderate | N/a |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | Satisfactory | N/a |
| Government Performance | Satisfactory | N/a |
| Implementing Agency | Satisfactory | N/a |
| Icr Quality | Satisfactory | N/a |
| M&e Quality | Substantial | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increase in number of loans to MSEs granted through the new lending technology compared to a control group.By end-2007, over 20,000 micro and small loans were disbursed to MSE clients by 40 branches Value 1 (# of loans issued) 64,338 (# of loans issued) Annual percentage increase in # of MSE loans in 20 Date December 31, 2005 December 31, 2010 June 30, 2011 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
# of PIE staff able to evaluate and monitor commercial banks eligibility to engage in MSE activity.CDB had a designated division under the MSE business unit to evaluate and monitor PFIs lending . Value None 5 staff within CDB 18 Date December 31, 2010 June 30, 2011 Comment This division is re-named Venture Capital Division. The # of MSE borrowers.By end-2007, more than 20,000 MSE borrowers benefitted from the facility. Value None 175,098 119,600 Date December 31, 2010 June 30, 2011 Comment cumulative number of MSE borrowers were 175,098. Volume of Bank Support: Lines of Credit - Microfinance Value 0.00 95000000.00 95000000.00 Date December 31, 2010 June 30, 2011 Comment Volume of Bank Support: Institutional Development - Microfinance Value 0.00 0.00 5000000.00 Date December 31, 2010 June 30, 2011 Comment $ 5 million TA remains undrawn as CDB used its own funds for TA. Undisbursed fund will be canceled upon project closure. No of active loan accounts -Microfinance Value 0.00 64338.00 0.00 Date December 31, 2010 June 30, 2011 Comment 64,338 loans as at December 31, 2010. No target available Outstanding Microfinance Loan Portfolio Value 0.00 2788000000.00 690000000.00 Date December 31, 2010 June 30, 2011 Comment Cumulative loans disbursed was Rmb18,128 M (US$ 2788 M) as at December 31, 2010, exceeding the target of US$ 690 M per the PAD. Percentage of project-supported institutions that are reporting on this indicator Value 0.00 90.00 100.00 Date December 31, 2010 June 30, 2011 Comment 50682 loans as at December 31, 2009. No target available