Expanding Microfinance Outreach and Improving Sustainability

Development Objective

The objective of the project is to achieve operational sustainability for most microfinance service providers (MFPs) and help them scale up outreach of financial services to meet the demands and needs of many poor Afghans, especially women. This will take place through: - Increased sustainability of MFPs that have begun the process of diversifying their funding sources to include commercial sources in addition to funds provided by the Government of Afghanistan - MFPs are registered as Afghan companies and operate under relevant Afghan laws and supervision - Scaled up outreach to many more poor people in most provinces

Key Details

Project Details

Project ID
P104301
Status
Closed
Team Leader
Guillemette Jaffrin
Borrower 2
N/A

Country
Afghanistan
Disclosure Date
January 15, 2007
Approval Date
(as of board presentation)
January 8, 2008
Effective Date
June 2, 2008

Total Project Cost 1
US$ 30.00 million
Implementing Agency
N/A
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2008

Commitment Amount
US$ 30.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2012

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

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 Stability50%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring50%

FY17 - Human Development and Gender

FY17 - Gender25%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Urban and Rural Development

FY17 - Rural Development25%
- FY17 - Rural Markets25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	30.00

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 July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 8, 2008	IDA-H3480	Loan Commitment	30,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2012-04-21
Project Management	Satisfactory	2012-04-21
Progress towards achievement of PDO	Moderately Satisfactory	2012-04-21
Counterpart Funding	Satisfactory	2012-04-21
Monitoring and Evaluation	Satisfactory	2012-04-21
Overall Implementation Progress (IP)	Satisfactory	2012-04-21
Financial Management	Satisfactory	2012-04-21

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-05-2013
Outcomes
Risk to Development Outcome	Substantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-29-2014	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Unsatisfactory	N/a
Risk To Development Outcome	High	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of active clients of MFPs. Value 300,000 236,208 297,000
Date December 31, 2006 December 30, 2011 June 29, 2012
Comment

Number/% of Microfinance service providers registered as Afghan companies and operating under relevant Afghan laws and supervision	Value	0%	100%	100%
	Date	December 31, 2006	December 30, 2011	December 31, 2011
	Comment

Percent of loan portfolio outstanding that is accounted for by MFPs with OSS>100%. Value 0% 65% 65%
Date December 31, 2006 December 30, 2011 June 30, 2012
Comment
% of active clients who are women Value 70% 75% 75%
Date December 31, 2006 December 30, 2011 June 30, 2012
Comment
Increase in amount and percentage of loan portfolio outstanding relative to base year Value 65 mn 108mn 104mn
Date December 31, 2006 January 31, 2011 June 30, 2012
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number / %of MFPs with an OSS (operational self sufficiency ratio) of more than 100% that do not require any more grant subsidies for operational deficits.	Value	3 MFPs or 20% of MFPs	1 out of 7, which is 14%	14%
	Date	December 31, 2006	November 30, 2011	June 29, 2012
	Comment

N/% of MFPs with PAR 30 less than 5%. Value 85% 4 0ut of 7, which is 57% 57%
Date December 31, 2006 December 30, 2011 June 29, 2012
Comment
Number of providinces in which MFPs are providing services Value 21 22 22
Date December 31, 2006 December 30, 2011 June 29, 2012
Comment
Volume of Bank Support: Lines of Credit - Microfinance Value 0.00 17675000.00 16044500.00
Date December 31, 2010 June 30, 2012
Comment Data gathered from retrofit exercise Target not available
Volume of Bank Support: Institutional Development - Microfinance Value 0.00 0.00 0.00
Date December 30, 2011 June 29, 2012
Comment Data gathered from retrofit exercise No target available
Outstanding Microfinance Loan Portfolio Value 0.00 108000000.00 104000000.00
Date December 30, 2011 June 30, 2012
Comment No target available
No of active loan accounts -Microfinance Value 0.00 236208.00 297000.00
Date December 30, 2011 December 31, 2011
Comment No target available
Percentage of project-supported institutions that are reporting on this indicator Value 0.00 100.00 100.00
Date December 30, 2011 June 30, 2012
Comment No target available
Percentage of project-supported institutions that are reporting on this indicator Value 0.00 100.00 100.00
Date December 30, 2011 December 31, 2011
Comment No target available

Number of active clients of MFPs.	Value	300,000	236,208	297,000
	Date	December 31, 2006	December 30, 2011	June 29, 2012
	Comment

% of active clients who are women	Value	70%	75%	75%
	Date	December 31, 2006	December 30, 2011	June 30, 2012
	Comment

Increase in amount and percentage of loan portfolio outstanding relative to base year	Value	65 mn	108mn	104mn
	Date	December 31, 2006	January 31, 2011	June 30, 2012
	Comment

N/% of MFPs with PAR 30 less than 5%.	Value	85%	4 0ut of 7, which is 57%	57%
	Date	December 31, 2006	December 30, 2011	June 29, 2012
	Comment

Volume of Bank Support: Lines of Credit - Microfinance	Value	0.00	17675000.00	16044500.00
	Date		December 31, 2010	June 30, 2012
	Comment		Data gathered from retrofit exercise	Target not available

Outstanding Microfinance Loan Portfolio	Value	0.00	108000000.00	104000000.00
	Date		December 30, 2011	June 30, 2012
	Comment			No target available