MNA Micro, Small and Medium Enterprise Financing Facility

Abstract*

The objective of the Micro, Small and Medium Enterprise (MSME) Financing Facility Project is to catalyze financing, risk-sharing and technical assistance to address policy, legal, institutional, capacity, and informational constraints holding back MSME access to finance in the Middle East and North Africa (MENA) region, and thereby to support improvements in MSME employment, competitiveness, and incomes. MSME facility: a comprehensive package of financing... Show More

Development Objective

The project development objective is to improve access to finance for micro, small and medium enterprises in Tunisia, including through enabling creditworthy MSMEs to maintain access to credit.

Key Details

Project Details

Project ID
P124341
Status
Closed
Team Leader
Fadwa Bennani
Borrower 2
GOVERNMENT OF TUNISIA

Country
Tunisia
Disclosure Date
December 1, 2010
Approval Date
(as of board presentation)
July 14, 2011
Effective Date
April 4, 2012

Total Project Cost 1
US$ 50.00 million
Implementing Agency
Caisse des Depots et des Consignations,Central Bank of Tunisia
Region
Middle East and North Africa
Fiscal Year 3
2012

Commitment Amount
US$ 100.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
July 31, 2018

Last Stage Reached
BANK APPROVED
Last Update Date
October 5, 2020

Associated Projects
P146799

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 Infrastructure and Access50%
- FY17 - MSME Finance50%

FY17 - Private Sector Development

FY17 - Enterprise Development50%
- FY17 - MSME Development50%
FY17 - Jobs100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	100.00

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**	50.00

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

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 1, 2021	IBRD-80810	Int Charges	41,975.50
Dec 1, 2021	IBRD-80810	Int Charges	13,348.32
Dec 1, 2021	IBRD-80810	Loan Repay	796,562.50
Jun 1, 2022	IBRD-80810	Int Charges	41,574.53
Jun 1, 2022	IBRD-80810	Int Charges	37,526.21
Jun 1, 2022	IBRD-80810	Int Charges	11,970.44
Jun 1, 2022	IBRD-80810	Loan Repay	754,066.06
Jun 1, 2022	IBRD-80810	Loan Repay	613,866.20
Jun 1, 2022	IBRD-80810	Loan Repay	179,928.40
Jul 15, 2022	IBRD-83600	Int Charges	144,586.16
Jul 15, 2022	IBRD-83600	Loan Repay	3,976,233.50
Jan 15, 2022	IBRD-83600	Int Charges	176,386.45
Jan 15, 2022	IBRD-83600	Loan Repay	4,527,071.50
Dec 1, 2022	IBRD-80810	Int Charges	37,954.82
Dec 1, 2022	IBRD-80810	Int Charges	34,393.65
Dec 1, 2022	IBRD-80810	Int Charges	11,009.41
Dec 1, 2022	IBRD-80810	Loan Repay	734,365.70
Dec 1, 2022	IBRD-80810	Loan Repay	597,828.60
Dec 1, 2022	IBRD-80810	Loan Repay	175,227.69
Dec 1, 2018	IBRD-80810	Loan Repay	651,325.40
Jul 15, 2019	IBRD-83600	Int Charges	104,640.00
Jul 15, 2019	IBRD-83600	Int Charges	175.09
Jun 1, 2019	IBRD-80810	Int Charges	25,218.09
Jun 1, 2019	IBRD-80810	Int Charges	7,713.22
Jun 1, 2019	IBRD-80810	Loan Repay	784,214.60
Jun 1, 2019	IBRD-80810	Loan Repay	638,409.40
Jun 1, 2019	IBRD-80810	Loan Repay	187,122.19
Jun 1, 2019	IBRD-80810	Int Charges	0.01
Jun 1, 2019	IBRD-80810	Int Charges	29,629.66
Jun 1, 2019	IBRD-80810	Int Charges	0.01
Jan 15, 2020	IBRD-83600	Int Charges	60,763.91
Dec 1, 2019	IBRD-80810	Int Charges	7,547.83
Dec 1, 2019	IBRD-80810	Loan Repay	773,660.90
Dec 1, 2019	IBRD-80810	Loan Repay	629,817.80
Dec 1, 2019	IBRD-80810	Loan Repay	184,603.95
Dec 1, 2019	IBRD-80810	Int Charges	28,879.47
Dec 1, 2019	IBRD-80810	Int Charges	24,630.62
Dec 1, 2019	IBRD-80810	Int Charges	0.01
Jun 1, 2020	IBRD-80810	Int Charges	0.01
Jan 15, 2023	IBRD-83600	Int Charges	144,297.52
Jan 15, 2023	IBRD-83600	Loan Repay	4,273,887.50
Jun 1, 2023	IBRD-80810	Int Charges	36,342.64
Jun 1, 2023	IBRD-80810	Int Charges	33,080.14
Jun 1, 2023	IBRD-80810	Int Charges	10,630.57
Jul 15, 2023	IBRD-83600	Loan Repay	4,435,166.50
Jun 1, 2023	IBRD-80810	Loan Repay	753,468.00
Jun 1, 2023	IBRD-80810	Loan Repay	613,379.30
Jun 1, 2023	IBRD-80810	Loan Repay	179,785.70
Jul 15, 2023	IBRD-83600	Int Charges	138,211.28
Jun 1, 2020	IBRD-80810	Int Charges	19,047.89
Jun 1, 2020	IBRD-80810	Int Charges	16,282.45
Jun 1, 2020	IBRD-80810	Int Charges	4,999.97
Jun 1, 2020	IBRD-80810	Loan Repay	781,400.25
Jun 1, 2020	IBRD-80810	Loan Repay	636,118.30
Jun 1, 2020	IBRD-80810	Loan Repay	186,450.66
Jul 15, 2020	IBRD-83600	Int Charges	65,792.44
Jul 15, 2020	IBRD-83600	Loan Repay	4,522,328.00
Dec 1, 2020	IBRD-80810	Loan Repay	685,605.60
Dec 1, 2020	IBRD-80810	Loan Repay	200,955.73
Dec 1, 2020	IBRD-80810	Int Charges	0.01
Dec 1, 2020	IBRD-80810	Int Charges	36,566.70
Dec 1, 2020	IBRD-80810	Int Charges	31,336.36
Dec 1, 2020	IBRD-80810	Int Charges	9,644.60
Dec 1, 2020	IBRD-80810	Loan Repay	842,189.94
Jan 15, 2021	IBRD-83600	Int Charges	70,730.76
Jan 15, 2021	IBRD-83600	Loan Repay	4,792,509.50
Apr 21, 2021	IBRD-80810	Loan Disb	-15,193,866.00
Apr 21, 2021	IBRD-80810	Loan Disb	15,193,866.00
Apr 21, 2021	IBRD-80810	Loan Disb	-15,193,866.00
Apr 21, 2021	IBRD-80810	Loan Disb	15,193,866.00
Apr 21, 2021	IBRD-80810	Loan Disb	-4,028,677.20
Apr 21, 2021	IBRD-80810	Loan Disb	4,028,677.20
Apr 21, 2021	IBRD-80810	Loan Disb	-13,056,840.00
Apr 19, 2021	IBRD-83600	Loan Disb	-76,093,040.00
Apr 19, 2021	IBRD-83600	Loan Disb	76,093,040.00
Apr 19, 2021	IBRD-83600	Loan Disb	-76,093,040.00
Jun 1, 2017	IBRD-80810	Int Charges	0.01
May 31, 2017	IBRD-80810	Loan Cancel	105.42
Jun 1, 2017	IBRD-80810	Int Charges	27,773.43
Jun 1, 2017	IBRD-80810	Int Charges	22,609.68
Jun 1, 2017	IBRD-80810	Int Charges	6,900.19
Jun 9, 2017	IBRD-83600	Loan Disb	524,875.00
Sep 19, 2017	IBRD-80810	Loan Disb	-198,953.73
Sep 19, 2017	IBRD-80810	Loan Disb	198,953.73
Sep 19, 2017	IBRD-80810	Loan Disb	-198,953.73
Aug 14, 2017	IBRD-83600	Loan Disb	4,746,153.50
Jul 15, 2017	IBRD-83600	Int Charges	389.53
Dec 1, 2023	IBRD-80810	Int Charges	31,413.89
Dec 1, 2023	IBRD-80810	Int Charges	10,140.29
Dec 1, 2023	IBRD-80810	Loan Repay	766,695.40
Dec 1, 2023	IBRD-80810	Loan Repay	624,147.44
Dec 1, 2023	IBRD-80810	Loan Repay	182,941.90
Dec 1, 2023	IBRD-80810	Int Charges	34,335.55
Jan 15, 2024	IBRD-83600	Loan Repay	4,326,659.00
Jan 15, 2024	IBRD-83600	Int Charges	123,580.56
Apr 17, 2014	IBRD-83600	Loan Commitment	100,000,000.00
Jul 14, 2011	IBRD-80810	Loan Commitment	50,000,000.00
Jul 15, 2024	IBRD-83600	Int Charges	111,966.95
Jul 15, 2024	IBRD-83600	Loan Repay	4,312,626.00
Jun 1, 2024	IBRD-80810	Int Charges	31,553.77
Jun 1, 2024	IBRD-80810	Int Charges	29,041.18
Jun 1, 2024	IBRD-80810	Int Charges	9,422.57
Jun 1, 2024	IBRD-80810	Loan Repay	763,388.50
Jun 1, 2024	IBRD-80810	Loan Repay	621,455.40
Jun 1, 2024	IBRD-80810	Loan Repay	182,152.86
Apr 19, 2021	IBRD-83600	Loan Disb	76,093,040.00
Apr 21, 2021	IBRD-80810	Loan Disb	-4,028,677.20
Apr 21, 2021	IBRD-80810	Loan Disb	4,028,677.20
Apr 21, 2021	IBRD-80810	Loan Disb	13,056,840.00
Jul 15, 2021	IBRD-83600	Int Charges	90,276.91
Jul 15, 2021	IBRD-83600	Loan Repay	4,671,550.50
Jun 1, 2021	IBRD-80810	Int Charges	0.01
Jun 1, 2021	IBRD-80810	Int Charges	5,450.81
Jun 1, 2021	IBRD-80810	Int Charges	4,684.15
Jun 1, 2021	IBRD-80810	Int Charges	1,445.30
Apr 21, 2021	IBRD-80810	Loan Disb	-13,056,840.00
Apr 21, 2021	IBRD-80810	Loan Disb	13,056,840.00
Dec 1, 2021	IBRD-80810	Loan Repay	648,461.50
Dec 1, 2021	IBRD-80810	Int Charges	10,801.81
Dec 1, 2021	IBRD-80810	Loan Repay	190,068.53
Dec 1, 2021	IBRD-80810	Int Charges	9,682.55
Dec 1, 2021	IBRD-80810	Int Charges	3,069.82
Dec 1, 2021	IBRD-80810	Loan Repay	796,562.50
Dec 1, 2021	IBRD-80810	Loan Repay	648,461.50
Dec 1, 2021	IBRD-80810	Loan Repay	169,633.31
Dec 1, 2021	IBRD-80810	Loan Repay	20,435.23
Dec 1, 2021	IBRD-80810	Int Charges	46,665.66
Dec 1, 2015	IBRD-80810	Int Charges	0.01
Dec 1, 2015	IBRD-80810	Int Charges	43,632.90
Dec 1, 2015	IBRD-80810	Int Charges	35,520.47
Jan 4, 2016	IBRD-83600	Loan Disb	8,503,752.00
Dec 1, 2015	IBRD-80810	Int Charges	10,840.39
Mar 24, 2016	IBRD-83600	Loan Disb	558,400.00
Jul 15, 2017	IBRD-83600	Int Charges	64,918.68
Aug 14, 2017	IBRD-83600	Loan Disb	1,709,293.90
Dec 1, 2017	IBRD-80810	Int Charges	7,487.45
Sep 19, 2017	IBRD-80810	Loan Cancel	198,953.73
Dec 1, 2017	IBRD-80810	Int Charges	30,620.68
Dec 1, 2017	IBRD-80810	Int Charges	24,927.50
Jan 18, 2018	IBRD-83600	Loan Disb	8,689,915.00
Jan 19, 2018	IBRD-83600	Loan Disb	1,196,649.40
Jan 15, 2018	IBRD-83600	Int Charges	120.79
Jan 15, 2018	IBRD-83600	Int Charges	66,702.58
Jun 1, 2018	IBRD-80810	Int Charges	118.19
Jun 1, 2018	IBRD-80810	Int Charges	28,850.03
Jun 1, 2018	IBRD-80810	Int Charges	23,582.34
Jun 1, 2018	IBRD-80810	Int Charges	6,912.12
Jun 1, 2018	IBRD-80810	Loan Repay	823,931.94
Jul 15, 2018	IBRD-83600	Int Charges	75,499.47
Jun 25, 2018	IBRD-83600	Loan Disb	582,600.00
Jul 13, 2018	IBRD-83600	Loan Disb	1,424,842.20
Jul 25, 2018	IBRD-83600	Loan Disb	2,128,126.00
Jan 15, 2019	IBRD-83600	Int Charges	75.13
Jan 15, 2019	IBRD-83600	Int Charges	87,651.62
Nov 30, 2018	IBRD-83600	Loan Disb	-529,190.44
Nov 30, 2018	IBRD-83600	Loan Cancel	1,710,811.00
Nov 30, 2018	IBRD-83600	Loan Disb	-127,967.39
Nov 30, 2018	IBRD-83600	Loan Disb	-809.20
Dec 1, 2018	IBRD-80810	Int Charges	28,039.40
Dec 1, 2018	IBRD-80810	Int Charges	23,819.43
Dec 1, 2018	IBRD-80810	Int Charges	6,981.65
Dec 1, 2018	IBRD-80810	Loan Repay	800,080.44
Sep 14, 2016	IBRD-83600	Loan Disb	1,157,797.00
Jul 15, 2016	IBRD-83600	Int Charges	45,510.07
Jul 15, 2016	IBRD-83600	Int Charges	1,060.30
Jun 20, 2016	IBRD-83600	Loan Disb	623,122.50
Jun 20, 2016	IBRD-83600	Loan Disb	506,097.56
Dec 1, 2016	IBRD-80810	Int Charges	7,242.95
Dec 1, 2016	IBRD-80810	Int Charges	0.01
Dec 1, 2016	IBRD-80810	Int Charges	29,153.11
Dec 1, 2016	IBRD-80810	Int Charges	23,732.81
May 31, 2016	IBRD-83600	Loan Disb	8,997,569.00
Feb 13, 2017	IBRD-83600	Loan Disb	1,641,473.50
Nov 8, 2016	IBRD-83600	Loan Disb	673,511.70
Nov 8, 2016	IBRD-83600	Loan Disb	607,310.00
Jun 1, 2016	IBRD-80810	Int Charges	9,748.31
Jun 1, 2016	IBRD-80810	Int Charges	0.01
Jun 1, 2016	IBRD-80810	Int Charges	39,237.29
Jul 13, 2016	IBRD-83600	Loan Disb	10,709,386.00
Jun 1, 2016	IBRD-80810	Int Charges	31,942.06
Jan 15, 2017	IBRD-83600	Int Charges	3,854.38
Jan 15, 2017	IBRD-83600	Int Charges	54,219.40
Jan 6, 2017	IBRD-83600	Loan Disb	6,568,755.00
Dec 1, 2014	IBRD-80810	Int Charges	0.01
Dec 1, 2014	IBRD-80810	Int Charges	82,284.83
Dec 1, 2014	IBRD-80810	Int Charges	66,986.01
Dec 1, 2014	IBRD-80810	Int Charges	20,443.27
Aug 30, 2013	IBRD-80810	Loan Disb	5,549,866.00
Dec 1, 2013	IBRD-80810	Loan Disb	-5,704,966.50
Dec 1, 2013	IBRD-80810	Loan Disb	5,704,966.50
Dec 1, 2013	IBRD-80810	Int Charges	0.01
Dec 1, 2013	IBRD-80810	Int Charges	9,726.95
Dec 1, 2013	IBRD-80810	Int Charges	77,039.66
Dec 1, 2013	IBRD-80810	Int Charges	62,716.07
Jun 1, 2014	IBRD-80810	Int Charges	81,274.18
Jun 1, 2014	IBRD-80810	Int Charges	66,163.31
Jun 1, 2014	IBRD-80810	Int Charges	20,192.18
Jun 1, 2014	IBRD-80810	Int Charges	0.01
Jul 15, 2015	IBRD-83600	Int Charges	427.80
Feb 11, 2015	IBRD-83600	Loan Disb	205,158.53
Feb 11, 2015	IBRD-83600	Fee Charges	205,158.53
Jun 1, 2015	IBRD-80810	Int Charges	0.01
Jun 1, 2015	IBRD-80810	Int Charges	54,030.50
Jun 1, 2015	IBRD-80810	Int Charges	43,984.87
Jun 1, 2015	IBRD-80810	Int Charges	13,423.62
Jun 25, 2015	IBRD-83600	Loan Disb	11,199,500.00
Jan 15, 2016	IBRD-83600	Int Charges	3,028.34
Jan 15, 2016	IBRD-83600	Int Charges	31,652.70
Oct 1, 2015	IBRD-83600	Loan Disb	7,777,863.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Moderately Satisfactory	2018-03-07
Progress towards achievement of PDO	Moderately Satisfactory	2018-03-07
Financial Management	Moderately Satisfactory	2018-03-07
Procurement	Satisfactory	2018-03-07
Monitoring and Evaluation	Moderately Satisfactory	2018-03-07
Overall Implementation Progress (IP)	Moderately Satisfactory	2018-03-07

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-14-2019
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-30-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increase in total no. of MSME loans in PFI portfolios Value 0.00 13.00 79.00
Date April 5, 2012 July 31, 2018 December 29, 2017
Comment
Increase in the total volume of outstanding MSME portfolio of PFIs Value 0.00 25.00 23.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

No. of participating PFIs (sub-component 1.1) Value 0.00 9.00 14.00
Date April 5, 2012 July 31, 2018 December 29, 2017
Comment
No. of active MSME loan accounts in PFIs (sub-component 1.1) Value 143553.00 162214.00 221695.00
Date April 5, 2012 July 31, 2018 December 29, 2017
Comment
No. of MSME loans financed by the Line of Credit (sub-component 1.1) Value 0.00 379.00 917.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Volume of MSME loans financed by the Line of Credit (sub-component 1.1) Value 0.00 110.00 53.00
Date April 5, 2012 July 31, 2018 June 30, 2017
Comment
Volume of financing from the Line of Credit to PFIs (sub-component 1.1) Value 0.00 110.00 53.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Volume of outstanding MSME loans in PFIs (sub-component 1.1) Value 2.90 3.60 3.40
Date April 5, 2012 July 31, 2018 December 29, 2017
Comment
Portfolio at Risk >90 days for MSMEs (weighted by asset size) Value 21.60 0.00 26.10
Date April 5, 2011 January 31, 2018 July 31, 2018
Comment
ROA of PFIs Value 1.20 1.20 1.30
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Micro-finance loans financed by the Line of Credit (sub-component 1.2) Value 0.00 10000.00 11131.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Volume of micro-finance loans from the Line of Credit (sub-component 1.2) Value 0.00 25000000.00 15906000.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Patient financing operations financed under component 2 Value 0.00 15.00 14.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Volume of patient financing operations funded under component 2 Value 0.00 15000000.00 8333333.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Loans to women-led SME (sub-component 1.1) Value 12.00 13.00 17.00
Date April 5, 2012 July 31, 2018 December 30, 2016
Comment
Micro-finance loans to women financed by the Line of Credit (sub-component 1.2) Value 50.00 60.00 47.00
Date April 5, 2012 July 31, 2018 July 31, 2018
Comment
Portfolio at Risk - Microfinance Value 3.00 3.00 0.79
Date April 5, 2011 July 31, 2018 December 29, 2017
Comment
Percentage of project-supported institutions that are reporting on this indicator Value 25.00 50.00 100.00
Date April 5, 2011 July 31, 2018 December 29, 2017
Comment

Increase in total no. of MSME loans in PFI portfolios	Value	0.00	13.00	79.00
	Date	April 5, 2012	July 31, 2018	December 29, 2017
	Comment

No. of active MSME loan accounts in PFIs (sub-component 1.1)	Value	143553.00	162214.00	221695.00
	Date	April 5, 2012	July 31, 2018	December 29, 2017
	Comment

Volume of outstanding MSME loans in PFIs (sub-component 1.1)	Value	2.90	3.60	3.40
	Date	April 5, 2012	July 31, 2018	December 29, 2017
	Comment

Portfolio at Risk >90 days for MSMEs (weighted by asset size)	Value	21.60	0.00	26.10
	Date	April 5, 2011	January 31, 2018	July 31, 2018
	Comment

ROA of PFIs	Value	1.20	1.20	1.30
	Date	April 5, 2012	July 31, 2018	July 31, 2018
	Comment

Loans to women-led SME (sub-component 1.1)	Value	12.00	13.00	17.00
	Date	April 5, 2012	July 31, 2018	December 30, 2016
	Comment

Portfolio at Risk - Microfinance	Value	3.00	3.00	0.79
	Date	April 5, 2011	July 31, 2018	December 29, 2017
	Comment

Percentage of project-supported institutions that are reporting on this indicator	Value	25.00	50.00	100.00
	Date	April 5, 2011	July 31, 2018	December 29, 2017
	Comment