Lao PDR - Small and Medium Enterprise Access to Finance Project

Abstract*

The objective of the Small and Medium Enterprise Access to Finance Project for Lao People's Democratic Republic is to provide long-term funding sources for banks so they, in turn, can provide long-term credit to small and medium enterprises. This will be achieved by increasing the supply of long-term finance provided by commercial banks and by strengthening the capability of Department for Small and Medium Enterprise Promotion to formulate and implement... Show More

Development Objective

This project aims at providing long-term funding sources for banks to provide long-term credit to SMEs. The project will support the growth of privately-owned SMEs by increasing the supply of long-term finance provided by commercial banks and by strengthening thecapability of the Department for Small and Medium Enterprise Promotion (DOSMEP) to formulate and implement public policies that promote access to finance for SMEs.

Key Details

Project Details

Project ID
P131201
Status
Closed
Team Leader
Michael Corlett , Mombert Hoppe
Borrower 2
Ministry of Finance

Country
Lao People's Democratic Republic
Disclosure Date
September 25, 2013
Approval Date
(as of board presentation)
June 9, 2014
Effective Date
September 15, 2014

Total Project Cost 1
US$ 20.00 million
Implementing Agency
Ministry of Industry and Commerce
Region
East Asia and Pacific
Fiscal Year 3
2014

Commitment Amount
US$ 20.00 million
Environmental Category
F
Last Update Date
July 16, 2024
Closing Date
December 31, 2020

Consultant Services required
Yes
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 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
IDA Credit	20.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	20.00
IBRD + IDA Commitment	20.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	20.00

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 15, 2018	IDA-54710	Int Charges	27,531.94
Aug 17, 2018	IDA-H9580	Loan Disb	111,072.20
Jun 25, 2018	IDA-54710	Loan Disb	1,585,177.10
May 16, 2018	IDA-H9580	Loan Disb	518,885.00
Aug 10, 2018	IDA-H9580	Loan Disb	186,795.12
May 21, 2018	IDA-H9580	Loan Disb	73,997.67
Jan 30, 2019	IDA-H9580	Loan Disb	76,257.23
Oct 15, 2018	IDA-54710	Int Charges	79.29
Mar 3, 2017	IDA-54710	Loan Disb	1,498,127.40
Jul 24, 2017	IDA-H9580	Loan Disb	147,638.08
Oct 15, 2017	IDA-54710	Int Charges	20,934.63
Nov 27, 2017	IDA-H9580	Loan Disb	63,015.76
Nov 27, 2017	IDA-54710	Loan Disb	2,000,000.00
Sep 21, 2017	IDA-H9580	Loan Disb	569,737.30
Apr 15, 2023	IDA-54710	Int Charges	1,069.81
Oct 15, 2022	IDA-54710	Int Charges	1,268.22
Oct 15, 2022	IDA-54710	Int Charges	1,268.22
Oct 15, 2022	IDA-54710	Int Charges	29,846.47
Oct 15, 2022	IDA-54710	Int Charges	29,846.47
Apr 15, 2022	IDA-54710	Int Charges	263.92
Apr 15, 2022	IDA-54710	Int Charges	263.92
Apr 27, 2022	IDA-54710	Int Charges	32,613.34
Apr 27, 2022	IDA-54710	Int Charges	32,613.34
Apr 21, 2021	IDA-54710	Int Charges	34,938.88
Jun 30, 2021	IDA-H9580	Loan Disb	-31,231.13
Oct 15, 2021	IDA-54710	Int Charges	180.54
Oct 15, 2021	IDA-54710	Int Charges	180.54
Jun 30, 2021	IDA-H9580	Loan Cancel	35,212.95
Nov 4, 2021	IDA-54710	Int Charges	34,176.57
Nov 4, 2021	IDA-54710	Int Charges	34,176.57
Apr 21, 2021	IDA-54710	Int Charges	221.30
Apr 21, 2021	IDA-54710	Int Charges	221.30
Apr 21, 2021	IDA-54710	Int Charges	34,938.88
Feb 26, 2020	IDA-H9580	Loan Disb	75,967.33
Apr 15, 2020	IDA-54710	Int Charges	63.08
Apr 15, 2020	IDA-54710	Int Charges	63.08
Apr 15, 2020	IDA-54710	Int Charges	33,311.12
Apr 15, 2020	IDA-54710	Int Charges	33,311.12
Jul 30, 2020	IDA-H9580	Loan Disb	139,999.98
Oct 15, 2020	IDA-54710	Int Charges	21.98
Oct 15, 2020	IDA-54710	Int Charges	21.98
Oct 22, 2020	IDA-54710	Int Charges	34,338.96
Oct 22, 2020	IDA-54710	Int Charges	34,338.96
Oct 18, 2019	IDA-54710	Int Charges	96.02
Oct 18, 2019	IDA-54710	Int Charges	33,500.57
Oct 18, 2019	IDA-54710	Int Charges	33,500.57
Oct 18, 2019	IDA-54710	Int Charges	96.02
Jul 31, 2019	IDA-H9580	Loan Disb	98,789.10
Jan 2, 2020	IDA-H9580	Loan Disb	40,872.03
Oct 26, 2018	IDA-H9580	Loan Disb	79,607.60
Jan 3, 2019	IDA-H9580	Loan Disb	86,203.06
Oct 15, 2018	IDA-54710	Int Charges	79.29
Oct 15, 2018	IDA-54710	Int Charges	31,374.21
Jan 29, 2018	IDA-H9580	Loan Disb	57,949.58
Mar 27, 2018	IDA-H9580	Loan Disb	58,921.87
Jun 17, 2016	IDA-H9580	Loan Disb	1,500,000.00
Jan 24, 2017	IDA-H9580	Loan Disb	50,854.78
Aug 15, 2016	IDA-H9580	Loan Disb	668,589.94
Oct 6, 2016	IDA-54710	Loan Disb	2,000,000.00
Nov 2, 2016	IDA-54710	Int Charges	4,864.01
Nov 2, 2016	IDA-54710	Int Charges	4,864.01
Oct 6, 2016	IDA-H9580	Loan Disb	42,692.55
May 25, 2017	IDA-H9580	Loan Disb	589,209.44
Apr 3, 2017	IDA-H9580	Loan Disb	1,500,000.00
Apr 15, 2017	IDA-54710	Int Charges	14,452.98
Apr 15, 2017	IDA-54710	Int Charges	14,452.98
Apr 15, 2017	IDA-54710	Int Charges	323.77
Apr 15, 2017	IDA-54710	Int Charges	323.77
Apr 4, 2017	IDA-H9580	Loan Disb	47,648.22
Oct 15, 2017	IDA-54710	Int Charges	20,934.63
Oct 15, 2017	IDA-54710	Int Charges	1,476.33
Oct 15, 2017	IDA-54710	Int Charges	1,476.33
Feb 23, 2016	IDA-H9580	Loan Disb	217,605.88
Dec 6, 2016	IDA-H9580	Loan Disb	40,882.48
May 24, 2016	IDA-H9580	Loan Disb	77,574.57
Jun 17, 2016	IDA-54710	Loan Disb	2,000,000.00
Sep 8, 2015	IDA-H9580	Loan Disb	21,392.86
Oct 28, 2014	IDA-H9580	Loan Disb	500,000.00
Mar 17, 2015	IDA-H9580	Loan Disb	500,000.00
Jun 9, 2014	IDA-54710	Loan Commitment	10,000,000.00
Jun 9, 2014	IDA-H9580	Loan Commitment	10,000,000.00
Oct 15, 2023	IDA-54710	Int Charges	405.66
Oct 15, 2023	IDA-54710	Int Charges	405.66
Oct 15, 2023	IDA-54710	Int Charges	31,929.30
Oct 15, 2023	IDA-54710	Int Charges	31,929.30
Apr 15, 2024	IDA-54710	Int Charges	553.67
Apr 15, 2024	IDA-54710	Int Charges	553.67
Apr 15, 2024	IDA-54710	Int Charges	31,532.85
Apr 15, 2024	IDA-54710	Int Charges	31,532.85
Apr 15, 2023	IDA-54710	Int Charges	31,528.83
Apr 15, 2023	IDA-54710	Int Charges	31,528.83
Apr 15, 2023	IDA-54710	Int Charges	1,069.81
Oct 15, 2018	IDA-54710	Int Charges	31,374.21
Jun 3, 2019	IDA-H9580	Loan Disb	129,259.48
Mar 21, 2019	IDA-H9580	Loan Disb	346,835.84
Nov 4, 2019	IDA-H9580	Loan Disb	450,696.90
Apr 15, 2019	IDA-54710	Int Charges	327.27
Apr 15, 2019	IDA-54710	Int Charges	327.27
Apr 15, 2019	IDA-54710	Int Charges	33,796.72
Apr 15, 2019	IDA-54710	Int Charges	33,796.72
Apr 15, 2018	IDA-54710	Int Charges	121.30
Apr 15, 2018	IDA-54710	Int Charges	121.30
Apr 15, 2018	IDA-54710	Int Charges	27,531.94

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2020-12-17
Progress towards achievement of PDO	Moderately Satisfactory	2020-12-17
Project Management	Moderately Satisfactory	2020-12-17
Procurement	Satisfactory	2020-12-17
Financial Management	Satisfactory	2020-12-17
Overall Implementation Progress (IP)	Moderately Satisfactory	2020-12-17

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2021
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
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

Volume of Bank Support: Lines of Credit - SME Value 0.00 16140000.00 2000000.00
Date September 30, 2014 December 31, 2020
Comment
% of trained DOSMEP Staff, SMEs and PFI staff reporting medium or intensive use of lessons learnt from Capacity Building Measures Value 0.00 75.00 0.00
Date March 29, 2019 December 31, 2020
Comment
% increase in employment at beneficiary SMEs Value 0.00 4.30 0.00
Date March 29, 2019 December 31, 2020
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Direct project beneficiaries Value 0.00 191.00 50.00
Date September 30, 2014 December 31, 2020
Comment
Number of DOSMEP Staff receiving training Value 0.00 95.00 10.00
Date September 30, 2014 December 31, 2020
Comment
Number of SMEs benefiting from Technical Assistance Value 0.00 803.00 600.00
Date September 30, 2014 December 31, 2020 December 31, 2020
Comment
Female beneficiaries Value 0.00 62.00 10.00
Date September 30, 2014 February 28, 2018
Comment
Performance of SME loans (NPLs) Value 0.00 0.17 3.00
Date September 30, 2014 December 31, 2020
Comment
A cross-ministerial and outcome-oriented SME Development Action Plan (2021-2025) is developed Value 0 0 1
Date September 30, 2014 December 31, 2020
Comment
Number of SME Banking Strategies developed and adopted by PFIs Value 0.00 2.00 0.00
Date April 17, 2019 December 31, 2020
Comment

Volume of Bank Support: Lines of Credit - SME	Value	0.00	16140000.00	2000000.00
	Date	September 30, 2014	December 31, 2020
	Comment

Direct project beneficiaries	Value	0.00	191.00	50.00
	Date	September 30, 2014	December 31, 2020
	Comment

Female beneficiaries	Value	0.00	62.00	10.00
	Date	September 30, 2014	February 28, 2018
	Comment

Performance of SME loans (NPLs)	Value	0.00	0.17	3.00
	Date	September 30, 2014	December 31, 2020
	Comment

% of trained DOSMEP Staff, SMEs and PFI staff reporting medium or intensive use of lessons learnt from Capacity Building Measures	Value	0.00	75.00	0.00
	Date	March 29, 2019	December 31, 2020
	Comment