Afghanistan Access to Finance

Abstract*

The development objective of the Access to Finance Project for Afghanistan is to build institutional capacity to improve access to credit of micro, small, and medium enterprises. The project has two components. The first component is improving access to financial services for micro and small enterprises. This component aims to provide continuing support to the microfinance sector through Microfinance Investment Support Facility for Afghanistan (MISFA)... Show More

Development Objective

The PDO is to support access to finance for Micro, Small and Medium Enterprises, and ultra-poor households in selected communities.

Key Details

Project Details

Project ID
P128048
Status
Closed
Team Leader
Aminata Ndiaye
Borrower 2
N/A

Country
Afghanistan
Disclosure Date
April 3, 2013
Approval Date
(as of board presentation)
November 26, 2013
Effective Date
April 17, 2014

Total Project Cost 1
US$ 50.00 million
Implementing Agency
MISFA,Ministry of Finance
Region
South Asia
Fiscal Year 3
2014

Commitment Amount
US$ 50.00 million
Environmental Category
F
Last Update Date
June 28, 2022
Closing Date
June 30, 2021

Consultant Services required
No
Last Stage Reached
BANK APPROVED

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 Access40%
- FY17 - MSME Finance40%

FY17 - Private Sector Development

FY17 - Enterprise Development40%
- FY17 - MSME Development40%
FY17 - Jobs100%

FY17 - Social Development and Protection

FY17 - Social Protection20%
- FY17 - Social Safety Nets20%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	50.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	50.00
IBRD + IDA Commitment	50.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	50.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 26, 2013	IDA-H8940	Loan Commitment	50,000,000.00
May 27, 2014	IDA-H8940	Loan Disb	2,000,000.00
Feb 12, 2021	IDA-H8940	Loan Disb	1,611,016.90
Mar 24, 2021	IDA-H8940	Loan Disb	2,400,000.00
Nov 19, 2020	IDA-H8940	Loan Disb	1,951,441.10
Jun 23, 2021	IDA-H8940	Loan Disb	2,267,172.80
May 25, 2021	IDA-H8940	Loan Cancel	1,300,000.00
Jun 30, 2021	IDA-H8940	Loan Cancel	2,239,306.00
Jul 30, 2020	IDA-H8940	Loan Disb	1,600,000.00
Nov 5, 2020	IDA-H8940	Loan Disb	100,000.00
Nov 5, 2020	IDA-H8940	Loan Disb	900,000.00
Jul 22, 2020	IDA-H8940	Loan Disb	839,131.06
Aug 4, 2020	IDA-H8940	Loan Disb	607,537.40
Dec 2, 2019	IDA-H8940	Loan Disb	25,000.00
Dec 3, 2019	IDA-H8940	Loan Disb	174,999.31
Oct 1, 2019	IDA-H8940	Loan Disb	70,900.69
Sep 12, 2019	IDA-H8940	Loan Disb	750,000.00
Aug 27, 2019	IDA-H8940	Loan Disb	750,000.00
Sep 25, 2019	IDA-H8940	Loan Disb	1,024,000.00
Oct 10, 2018	IDA-H8940	Loan Disb	660,814.00
Apr 26, 2019	IDA-H8940	Loan Disb	1,270,000.00
Oct 30, 2018	IDA-H8940	Loan Disb	2,600,000.00
Dec 3, 2018	IDA-H8940	Loan Disb	700,000.00
Apr 10, 2018	IDA-H8940	Loan Disb	1,821,421.00
May 16, 2017	IDA-H8940	Loan Disb	750,000.00
Mar 29, 2017	IDA-H8940	Loan Disb	305,000.00
Apr 6, 2017	IDA-H8940	Loan Disb	1,610,054.10
Aug 25, 2017	IDA-H8940	Loan Disb	4,386,335.00
Jun 8, 2016	IDA-H8940	Loan Disb	1,719,928.60
Aug 29, 2016	IDA-H8940	Loan Disb	495,000.00
Aug 29, 2016	IDA-H8940	Loan Disb	747,500.00
Jun 7, 2017	IDA-H8940	Loan Disb	600,875.00
May 17, 2017	IDA-H8940	Loan Disb	3,000,000.00
Oct 11, 2016	IDA-H8940	Loan Disb	1,583,524.00
Jan 27, 2016	IDA-H8940	Loan Disb	1,304,139.20
Jun 9, 2021	IDA-H8940	Loan Disb	1,815,497.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2021-04-22
Progress towards achievement of PDO	Satisfactory	2021-04-22
Financial Management	Satisfactory	2021-04-22
Monitoring and Evaluation	Satisfactory	2021-04-22
Overall Implementation Progress (IP)	Satisfactory	2021-04-22
Project Management	Satisfactory	2021-04-22

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2021
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately 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

Graduation rate of TUP beneficiaries (graduation criteria: stabilized and diversified income) Value 0.00 88.00 0.00
Date April 30, 2013 June 30, 2021
Comment
Outstanding SME Loan Portfolio - ACGF Value 19300000.00 26303805.00 30000000.00
Date December 31, 2012 May 31, 2021 November 1, 2018
Comment
Percentage of TUP households that are linked to FIs and savings groups at graduation Value 0.00 64.00 0.00
Date August 20, 2018 June 30, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of active loan accounts - SME (ACGF) Value 407.00 4647.00 709.00
Date February 28, 2013 May 31, 2021 November 1, 2018
Comment
Direct Project Beneficiaries (TUP) Value 0.00 88886.00 73500.00
Date June 30, 2013 June 30, 2021 November 1, 2018
Comment
Outstanding SME loan portfolio - female (ACGF) Value 0.00 1483606.00 0.00
Date November 28, 2014 May 31, 2021
Comment
Female TUP participation Value 0.00 91.40 0.00
Date June 30, 2013 June 30, 2021
Comment
Portfolio at Risk - SME (ACGF) Value 1.41 6.70 0.00
Date December 31, 2012 June 30, 2021
Comment
Percentage of TUP beneficiaries in Balkh that have saved in the past four weeks and/or took a loan for investment purpose Value 0.80 28.00 0.00
Date September 30, 2016 June 30, 2021
Comment
Number of PFIs (working with ACGF) Value 2.00 5.00 0.00
Date December 31, 2012 June 30, 2021
Comment
Percentage of TUP beneficiaries in Balkh who own accounts at financial institutions Value 1.00 29.00 0.00
Date September 30, 2016 June 30, 2021
Comment
Pay Out Rate (ACGF) Value 2.00 1.51 0.00
Date December 31, 2012 May 31, 2021
Comment
Outstanding Microfinance Loan Portfolio Value 92400000.00 108986717.00 132000000.00
Date April 30, 2013 May 31, 2021 November 1, 2018
Comment
Number of financial institutions that introduced new processes, policies, or products to improve financial services for households and MSMEs Value 0.00 7.00 0.00
Date November 26, 2013 June 30, 2021
Comment

Graduation rate of TUP beneficiaries (graduation criteria: stabilized and diversified income)	Value	0.00	88.00	0.00
	Date	April 30, 2013	June 30, 2021
	Comment

Outstanding SME Loan Portfolio - ACGF	Value	19300000.00	26303805.00	30000000.00
	Date	December 31, 2012	May 31, 2021	November 1, 2018
	Comment

Number of active loan accounts - SME (ACGF)	Value	407.00	4647.00	709.00
	Date	February 28, 2013	May 31, 2021	November 1, 2018
	Comment

Direct Project Beneficiaries (TUP)	Value	0.00	88886.00	73500.00
	Date	June 30, 2013	June 30, 2021	November 1, 2018
	Comment

Female TUP participation	Value	0.00	91.40	0.00
	Date	June 30, 2013	June 30, 2021
	Comment

Portfolio at Risk - SME (ACGF)	Value	1.41	6.70	0.00
	Date	December 31, 2012	June 30, 2021
	Comment

Percentage of TUP beneficiaries in Balkh that have saved in the past four weeks and/or took a loan for investment purpose	Value	0.80	28.00	0.00
	Date	September 30, 2016	June 30, 2021
	Comment

Number of PFIs (working with ACGF)	Value	2.00	5.00	0.00
	Date	December 31, 2012	June 30, 2021
	Comment

Percentage of TUP beneficiaries in Balkh who own accounts at financial institutions	Value	1.00	29.00	0.00
	Date	September 30, 2016	June 30, 2021
	Comment

Pay Out Rate (ACGF)	Value	2.00	1.51	0.00
	Date	December 31, 2012	May 31, 2021
	Comment

Outstanding Microfinance Loan Portfolio	Value	92400000.00	108986717.00	132000000.00
	Date	April 30, 2013	May 31, 2021	November 1, 2018
	Comment