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Savings and Credit Sector Consolidation and Financial Inclusion Project

Abstract*

The objectives of the Savings and Credit Sector Consolidation and Financial Inclusion Project for Mexico are to support the: (a) consolidation of the savings and credit institutions (SCIs); and (b) deepening of financial inclusion in selected areas and selected locations. There are four components to the project, the first component being Consolidation and strengthening of savings and credit institutions. This component provides training and technical...

* 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 objective of the project is to support the: (a) consolidation of the savings and credit sector institutions (SCI); and (b) deepening of financial inclusion in selected areas and selected locations in Mexico.

Key Details

Project Details

  • P123367

  • Closed

  • Patricia Caraballo , Daniel Ortiz del Salto

  • Government of Mexico, Secretaria de Hacienda y Credito Publico

  • Mexico

  • January 24, 2011

  • (as of board presentation)

    December 1, 2011

  • April 2, 2012

  • US$ 100.00 million

  • C

  • April 1, 2020

  • July 21, 2017

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 100.00
Local Beneficiaries 15.30
Borrower/Recipient 94.32

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 N/A
Total Project Cost** 209.62

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

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No data available.
Period Financier Transaction Type Amount (US$)
Oct 28, 2013 IBRD-81070 Loan Disb 3,431,959.50
Oct 17, 2013 IBRD-81070 Loan Disb 98,386.60
Sep 15, 2013 IBRD-81070 Int Charges 47,923.93
Dec 6, 2013 IBRD-81070 Loan Disb 66,993.94
Dec 13, 2013 IBRD-81070 Loan Disb 1,879,895.00
Dec 13, 2013 IBRD-81070 Loan Disb 710,271.80
Oct 17, 2013 IBRD-81070 Loan Disb 3,170,488.20
Apr 25, 2014 IBRD-81070 Loan Disb 234,122.45
Apr 15, 2014 IBRD-81070 Loan Disb 417,754.30
Dec 1, 2011 IBRD-81070 Loan Commitment 100,000,000.00
Mar 15, 2023 IBRD-81070 Int Charges 79,351.60
Mar 15, 2023 IBRD-81070 Int Charges 1,685,292.40
Mar 15, 2023 IBRD-81070 Loan Repay 69,570,296.00
Sep 15, 2022 IBRD-81070 Int Charges 581,806.44
Sep 15, 2023 IBRD-81070 Int Charges 26,571.51
Sep 15, 2021 IBRD-81070 Int Charges 252,462.88
Mar 15, 2022 IBRD-81070 Int Charges 237,853.12
Mar 15, 2021 IBRD-81070 Int Charges 272,831.50
Mar 15, 2020 IBRD-81070 Int Charges 893,359.94
Sep 15, 2020 IBRD-81070 Int Charges 433,809.44
Sep 15, 2019 IBRD-81070 Int Charges 1,130,749.20
Mar 15, 2019 IBRD-81070 Int Charges 1,066,841.10
Mar 15, 2018 IBRD-81070 Int Charges 666,669.40
Nov 21, 2017 IBRD-81070 Loan Cancel 30,429,704.00
Sep 15, 2018 IBRD-81070 Int Charges 981,405.00
Sep 15, 2017 IBRD-81070 Int Charges 631,810.30
Oct 5, 2017 IBRD-81070 Loan Disb 240,381.72
Oct 6, 2017 IBRD-81070 Loan Disb 1,043,783.50
Mar 15, 2017 IBRD-81070 Int Charges 1,894.15
Mar 15, 2017 IBRD-81070 Int Charges 521,610.38
Dec 15, 2016 IBRD-81070 Loan Disb 30,625.00
Jun 22, 2016 IBRD-81070 Loan Disb 13,289.48
Jun 22, 2016 IBRD-81070 Loan Disb 922,705.50
Dec 22, 2016 IBRD-81070 Loan Disb 1,772,221.60
Dec 22, 2016 IBRD-81070 Loan Disb 501,505.12
Jun 22, 2017 IBRD-81070 Loan Disb 30,625.00
Jun 22, 2017 IBRD-81070 Loan Disb 503,096.30
Jun 22, 2017 IBRD-81070 Loan Disb 1,735,727.90
Jun 22, 2017 IBRD-81070 Loan Disb 493,958.88
Jun 22, 2017 IBRD-81070 Loan Disb 64,919.75
Jun 22, 2017 IBRD-81070 Loan Disb 1,226,767.00
Oct 13, 2015 IBRD-81070 Loan Disb 119,846.62
Oct 13, 2015 IBRD-81070 Loan Disb 529,166.50
Mar 15, 2016 IBRD-81070 Int Charges 240,903.50
Sep 15, 2016 IBRD-81070 Int Charges 371,774.16
Jul 15, 2016 IBRD-81070 Loan Disb 859,244.56
Jul 5, 2016 IBRD-81070 Loan Disb 724,913.70
Jul 6, 2016 IBRD-81070 Loan Disb 3,608,741.20
Jul 1, 2016 IBRD-81070 Loan Disb 188,289.38
Dec 15, 2016 IBRD-81070 Loan Disb 43,025.37
Dec 15, 2016 IBRD-81070 Loan Disb 925,907.25
Jun 24, 2015 IBRD-81070 Loan Disb 94,641.25
Mar 15, 2015 IBRD-81070 Int Charges 427.43
Mar 15, 2015 IBRD-81070 Int Charges 128,589.81
Jun 4, 2015 IBRD-81070 Loan Disb 62,790.49
Jun 5, 2015 IBRD-81070 Loan Disb 668,503.20
Dec 7, 2015 IBRD-81070 Loan Disb 623,595.94
Dec 7, 2015 IBRD-81070 Loan Disb 210,268.98
Dec 4, 2015 IBRD-81070 Loan Disb 441,784.72
Sep 15, 2015 IBRD-81070 Int Charges 418.73
Sep 15, 2015 IBRD-81070 Int Charges 178,455.06
Oct 14, 2015 IBRD-81070 Loan Disb 2,670,564.20
Mar 15, 2014 IBRD-81070 Int Charges 90,161.29
Dec 11, 2013 IBRD-81070 Loan Disb 1,250,187.40
Jun 11, 2014 IBRD-81070 Loan Disb 43,047.83
Jun 10, 2014 IBRD-81070 Loan Disb 61,250.00
Jun 10, 2014 IBRD-81070 Loan Disb 1,232,812.40
Apr 21, 2014 IBRD-81070 Loan Disb 2,719,994.50
Apr 15, 2014 IBRD-81070 Loan Disb 87,749.57
Aug 5, 2014 IBRD-81070 Loan Disb 625,504.75
Mar 27, 2015 IBRD-81070 Loan Disb 1,374,877.00
Sep 15, 2014 IBRD-81070 Int Charges 0.01
Sep 15, 2014 IBRD-81070 Int Charges 105,391.47
Mar 3, 2015 IBRD-81070 Loan Disb 38,972.31
Mar 4, 2015 IBRD-81070 Loan Disb 735,156.90
Mar 4, 2015 IBRD-81070 Loan Disb 1,123,973.50
Mar 4, 2015 IBRD-81070 Loan Disb 273,583.44
Jun 24, 2015 IBRD-81070 Loan Disb 142,947.17
Jun 9, 2015 IBRD-81070 Loan Disb 2,526,408.00
Jun 24, 2015 IBRD-81070 Loan Disb 803,044.80
Jun 24, 2015 IBRD-81070 Loan Disb 89,530.07
Sep 26, 2014 IBRD-81070 Loan Disb 102,819.65
Sep 26, 2014 IBRD-81070 Loan Disb 208,294.27
Sep 29, 2014 IBRD-81070 Loan Disb 2,528,755.80
Jul 2, 2013 IBRD-81070 Loan Disb 4,804,813.00
Jul 2, 2013 IBRD-81070 Loan Disb 572,223.00
Dec 4, 2014 IBRD-81070 Loan Disb 2,112,647.80
Dec 2, 2014 IBRD-81070 Loan Disb 60,980.65
Dec 2, 2014 IBRD-81070 Loan Disb 721,124.70
Dec 2, 2014 IBRD-81070 Loan Disb 67,252.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Satisfactory 2017-07-20
Progress towards achievement of PDO Satisfactory 2017-07-20
Financial Management Moderately Satisfactory 2017-07-20
Monitoring and Evaluation Satisfactory 2017-07-20
Overall Implementation Progress (IP) Moderately Satisfactory 2017-07-20
Counterpart Funding Moderately Satisfactory 2017-07-20
Project Management Moderately Satisfactory 2017-07-20

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-12-2018
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-15-2018PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of entities certified by CNBV, the regulatorValue104.00202.00202.00
    DateOctober 31, 2011December 12, 2016July 21, 2017
    Comment
  • Number of entities merged or liquidatedValue15.0040.0042.00
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • Number of reporting certified institutions with a capital adequacy ratio 150% of minimun requirement or above */Value79/92170174
    DateOctober 30, 2011December 12, 2016July 21, 2017
    Comment
  • Average of non-performing loans for certified institutionsValue8.757.255.69
    DateOctober 30, 2011July 15, 2014June 30, 2017
    Comment
  • Clients mainstreamed into formal financial sector (number in millions)Value6.128.009.50
    DateOctober 30, 2011July 15, 2014June 30, 2017
    Comment
  • Number of service points providing financial servicesValue1827.005400.005631.00
    DateOctober 30, 2011December 12, 2016June 30, 2017
    Comment
  • Number of members financially included through PATMIRValue0.00977950.001027449.00
    DateOctober 30, 2011December 12, 2016June 30, 2017
    Comment
  • of which womenValue0.0050.0058.80
    DateOctober 30, 2011December 12, 2016June 30, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Entities receiving training and technical assistance for certificationValue0.00170.00168.00
    DateOctober 31, 2011December 12, 2016July 21, 2017
    Comment
  • Entities receiving training and technical assistance for operational improvementValue0.00171.00179.00
    DateOctober 31, 2011December 12, 2016July 21, 2017
    Comment
  • Number of entities assessed for mergers, assets/liability transfers or liquidationValue9.0060.0061.00
    DateOctober 31, 2011December 12, 2016July 21, 2017
    Comment
  • Number of institutions that improved their performance towards certification (to be monitored until certification deadline)Value0.00176.00176.00
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • Number of reporting certified institutions with a capital adequacy ratio 100% of minimum requirement or aboveValue90/92180185
    DateOctober 31, 2011December 12, 2016July 21, 2017
    Comment
  • Mobile phone pilotValueInitial pilot designLessons learned and strategy developedN.A
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • IT Platform UptimeValue99.8699.90100.00
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • Processor UtilizationValue82%Less than 70%50%
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • Bandwidth UtilizationValue9.6 Mbps20 Mbps13.5 Mbps
    DateOctober 31, 2011October 31, 2011July 21, 2017
    Comment
  • Number of entities receiving technical support to use IT PlatformValue0.0040.0075.00
    DateOctober 31, 2011July 15, 2014July 21, 2017
    Comment
  • Reduction in man-hours spent on resolving errorsValue120.0040.003.60
    DateOctober 30, 2011July 15, 2014July 21, 2017
    Comment
  • Reduction in time required for end-of-day batch runsValue7.8 HoursLess than 6 Hours7.9
    DateOctober 30, 2011July 15, 2014July 21, 2017
    Comment
  • Number of access points for correspondent agentsValue95.002300.002496.00
    DateOctober 30, 2011December 12, 2016June 30, 2017
    Comment