| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 30.00 |
Supporting Innovation in Small and Medium Enterprises Project
Abstract*
The objective of the Supporting Innovation in Small and Medium Enterprises (SMEs) Project for Lebanon is to encourage the equity investment market to increase the supply of early stage investment finance for financially viable, new, and existing innovative firms. There are two components to the project, the first component being innovation in Small and Medium Enterprises (iSME) funding program. This component includes two subcomponents: Concept Development... Show More
Development Objective
The project’s development objective is to encourage the equity investment market to increase the supply of early stage investment finance for financially viable, new, and existing innovative firms.
Key Details
Project Details
P127306
Closed
Zeina El Khoury
Lebanese Republic
February 28, 2012
(as of board presentation)
October 31, 2012
February 3, 2015
US$ 30.00 million
Kafalat
2013
US$ 30.00 million
F
N/A
June 30, 2024
No
BANK APPROVED
November 14, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 30.00 |
| IDA Commitment | N/A |
| 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 March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 15, 2019 | IBRD-82020 | Loan Repay | 587,108.75 |
| Mar 30, 2018 | IBRD-82020 | Loan Disb | 52,473.42 |
| Mar 28, 2018 | IBRD-82020 | Loan Disb | 578,600.00 |
| Feb 15, 2018 | IBRD-82020 | Int Charges | 409.31 |
| Feb 15, 2018 | IBRD-82020 | Int Charges | 91,605.94 |
| Aug 3, 2016 | IBRD-82020 | Loan Disb | 404,598.50 |
| Jul 11, 2017 | IBRD-82020 | Loan Disb | 236,525.00 |
| Feb 21, 2017 | IBRD-82020 | Loan Disb | 1,453,402.40 |
| Feb 21, 2017 | IBRD-82020 | Loan Disb | 368,103.00 |
| Feb 15, 2017 | IBRD-82020 | Int Charges | 165.89 |
| Feb 15, 2017 | IBRD-82020 | Int Charges | 45,490.32 |
| Nov 6, 2017 | IBRD-82020 | Loan Disb | 582,335.00 |
| Oct 10, 2017 | IBRD-82020 | Loan Disb | 2,124,500.00 |
| Aug 15, 2017 | IBRD-82020 | Int Charges | 65,234.73 |
| Feb 15, 2016 | IBRD-82020 | Int Charges | 22,754.46 |
| Aug 15, 2016 | IBRD-82020 | Int Charges | 31,859.79 |
| Feb 3, 2015 | IBRD-82020 | Loan Disb | 75,000.00 |
| Feb 3, 2015 | IBRD-82020 | Fee Charges | 75,000.00 |
| Mar 31, 2015 | IBRD-82020 | Loan Disb | 5,000,000.00 |
| Aug 15, 2015 | IBRD-82020 | Int Charges | 15.75 |
| Aug 15, 2015 | IBRD-82020 | Int Charges | 13,777.45 |
| Sep 8, 2015 | IBRD-82020 | Loan Disb | 48,525.00 |
| Aug 27, 2024 | IBRD-82020 | Int Charges | 2,715.66 |
| Aug 27, 2024 | IBRD-82020 | Int Charges | 214.33 |
| Aug 27, 2024 | IBRD-82020 | Int Charges | 430,825.03 |
| Aug 27, 2024 | IBRD-82020 | Loan Repay | 1,234,015.90 |
| Feb 16, 2024 | IBRD-82020 | Int Charges | 1,476.17 |
| Feb 16, 2024 | IBRD-82020 | Int Charges | 468,471.90 |
| Feb 16, 2024 | IBRD-82020 | Loan Repay | 1,234,015.90 |
| Feb 16, 2024 | IBRD-82020 | Int Charges | 4,430.13 |
| Oct 31, 2012 | IBRD-82020 | Loan Commitment | 30,000,000.00 |
| Mar 1, 2023 | IBRD-82020 | Int Charges | 26,675.17 |
| Mar 1, 2023 | IBRD-82020 | Int Charges | 2,207.70 |
| Mar 1, 2023 | IBRD-82020 | Int Charges | 339,717.03 |
| Mar 1, 2023 | IBRD-82020 | Loan Repay | 1,103,061.40 |
| Aug 22, 2023 | IBRD-82020 | Int Charges | 16,164.12 |
| Aug 22, 2023 | IBRD-82020 | Int Charges | 2,167.72 |
| Aug 22, 2023 | IBRD-82020 | Int Charges | 408,459.06 |
| Aug 22, 2023 | IBRD-82020 | Loan Repay | 1,234,015.90 |
| Jun 8, 2023 | IBRD-82020 | Loan Disb | 1,698,502.00 |
| Jan 24, 2019 | IBRD-82020 | Loan Disb | 941,522.00 |
| Feb 15, 2019 | IBRD-82020 | Int Charges | 197,193.98 |
| Sep 6, 2022 | IBRD-82020 | Int Charges | 97,422.66 |
| Sep 6, 2022 | IBRD-82020 | Int Charges | 1,258.72 |
| Sep 6, 2022 | IBRD-82020 | Loan Repay | 1,103,061.40 |
| Sep 8, 2021 | IBRD-82020 | Int Charges | 68,724.25 |
| Sep 8, 2021 | IBRD-82020 | Loan Repay | 1,103,061.40 |
| Mar 31, 2022 | IBRD-82020 | Loan Repay | 1,103,061.40 |
| Mar 31, 2022 | IBRD-82020 | Int Charges | 507.40 |
| Mar 31, 2022 | IBRD-82020 | Int Charges | 62,145.06 |
| Feb 15, 2021 | IBRD-82020 | Int Charges | 10,402.50 |
| Feb 15, 2021 | IBRD-82020 | Int Charges | 85,126.50 |
| Feb 15, 2021 | IBRD-82020 | Loan Repay | 1,103,061.40 |
| Apr 8, 2020 | IBRD-82020 | Loan Disb | 757,160.00 |
| Apr 8, 2020 | IBRD-82020 | Loan Disb | 373,263.00 |
| Jun 19, 2020 | IBRD-82020 | Loan Disb | 3,000,000.00 |
| Aug 15, 2020 | IBRD-82020 | Int Charges | 193,030.88 |
| Aug 15, 2020 | IBRD-82020 | Loan Repay | 936,261.40 |
| Nov 14, 2019 | IBRD-82020 | Loan Disb | 1,535,800.50 |
| Aug 15, 2019 | IBRD-82020 | Int Charges | 3,707.11 |
| Aug 15, 2019 | IBRD-82020 | Int Charges | 257,233.16 |
| Aug 15, 2019 | IBRD-82020 | Loan Repay | 780,125.50 |
| Oct 18, 2019 | IBRD-82020 | Loan Disb | 391,596.75 |
| Feb 15, 2020 | IBRD-82020 | Int Charges | 213,992.98 |
| Feb 15, 2020 | IBRD-82020 | Loan Repay | 876,688.06 |
| Feb 19, 2019 | IBRD-82020 | Loan Disb | 684,500.00 |
| May 24, 2019 | IBRD-82020 | Loan Disb | 526,207.00 |
| Apr 17, 2019 | IBRD-82020 | Loan Disb | 806,945.00 |
| May 22, 2018 | IBRD-82020 | Loan Disb | 768,996.00 |
| Jun 12, 2018 | IBRD-82020 | Loan Disb | 1,210,430.00 |
| Aug 15, 2018 | IBRD-82020 | Int Charges | 146,587.60 |
| Jan 24, 2019 | IBRD-82020 | Loan Disb | 1,087,298.50 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Financial Management | Moderately Satisfactory | 2023-11-27 |
| Procurement | Satisfactory | 2023-11-27 |
| Project Management | Satisfactory | 2023-11-27 |
| Progress towards achievement of PDO | Satisfactory | 2023-11-27 |
| Monitoring and Evaluation | Satisfactory | 2023-11-27 |
| Overall Implementation Progress (IP) | Satisfactory | 2023-11-27 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Total number of firms receiving equity financing leveraging investors and the iSME funding program Value 0.00 87.00 0.00 Date February 4, 2015 November 8, 2023 Comment Percent of beneficiary firms reporting sales of new medical goods and services sales Value 0.00 0.00 0.00 Date March 31, 2020 November 8, 2023 Comment No. of beneficiary firms, women owned Value 0.00 10.00 0.00 Date February 4, 2015 November 8, 2023 Comment Total amount of equity financing received (leveraged) leveraging investors and the iSME funding program Value 0.00 93341655.00 0.00 Date February 4, 2015 November 8, 2023 Comment Number of new jobs created in beneficiary firms Value 0.00 1760.00 0.00 Date February 4, 2015 November 8, 2023 Comment No. of new jobs created, of which % are filled by women Value 0.00 43.47 0.00 Date February 4, 2015 November 8, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Intermediate Result Indicator 1: No. of eligible firms applying for proof of concept grants Value 0.00 373.00 0.00 Date February 4, 2015 November 8, 2023 Comment Intermediate Result Indicator 8: Percent of firms reporting that iSME funding contribute to jobs protection during the economic crisis and COVID-19 outbreak Value 0.00 0.00 0.00 Date March 31, 2020 November 8, 2023 Comment Intermediate Result Indicator 2: No. of firms receiving proof of concept grants Value 0.00 209.00 0.00 Date February 4, 2015 November 8, 2023 Comment Project implementation is satisfactory Value Yes Yes Date May 25, 2022 November 8, 2023 Comment Intermediate Result Indicator 7: No. of firms receiving funding from the COVID19 financing facility Value 0.00 0.00 0.00 Date March 31, 2020 November 8, 2023 Comment Intermediate Result Indicator 3: Vol. of proof of concept grants Value 0.00 3000000.00 0.00 Date February 4, 2015 November 8, 2023 Comment Intermediate Result Indicator 4: Vol. of equity investments mobilized by Grantees Value 0.00 29090000.00 0.00 Date March 2, 2015 November 8, 2023 Comment Intermediate Result Indicator 5: No. of firms successfully receiving equity Value 0.00 24.00 0.00 Date February 4, 2015 November 8, 2023 Comment Intermediate Result Indicator 6: Vol. of equity investments mobilized as co-investments in portfolio of companies Value 0.00 64251655.00 0.00 Date February 4, 2015 November 8, 2023 Comment