MSME Development Project for Inclusive Growth

Abstract*

The objective of the Micro, Small and Medium Enterprises Development for Inclusive Growth Project for Jordan is to contribute to the improvement of access to finance for micro, small and medium enterprises in the Hashemite Kingdom of Jordan. The proposed operation will be a Financial Intermediary Lending (FIL) with one component (Lines of Credits). The Lines of Credits will provide Participating Financial Intermediaries (PFI) loans to eligible PFIs... Show More

Development Objective

The objective of the Project is to contribute to the improvement of access to finance for micro, small and medium enterprises in the Hashemite Kingdom of Jordan.

Key Details

Project Details

Project ID
P132314
Status
Closed
Team Leader
Ghada Ismail
Borrower 2
Government of Jordan

Country
Jordan
Disclosure Date
September 27, 2012
Approval Date
(as of board presentation)
March 5, 2013
Effective Date
June 9, 2013

Total Project Cost 1
US$ 120.00 million
Implementing Agency
Central Bank of Jordan
Region
Middle East and North Africa
Fiscal Year 3
2013

Commitment Amount
US$ 120.00 million
Environmental Category
F
Environmental and Social Risk
N/A
Closing Date
December 31, 2020

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
March 15, 2022

Associated Projects
P153987

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 Access25%
- FY17 - MSME Finance25%

FY17 - Human Development and Gender

FY17 - Gender50%

FY17 - Private Sector Development

FY17 - Enterprise Development25%
- FY17 - MSME Development25%
FY17 - Jobs100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	120.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	120.00
IDA Commitment	N/A
IBRD + IDA Commitment	120.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	120.00

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$)
Mar 15, 2019	IBRD-84970	Int Charges	960,305.56
Sep 15, 2013	IBRD-82320	Int Charges	686.00
Jul 15, 2013	IBRD-82320	Loan Disb	47,700,000.00
Dec 1, 2014	IBRD-82320	Loan Disb	1,418,371.00
May 29, 2014	IBRD-82320	Loan Disb	5,641,749.00
Mar 15, 2014	IBRD-82320	Int Charges	118,296.00
Mar 15, 2014	IBRD-82320	Int Charges	332,172.72
Jan 30, 2014	IBRD-82320	Loan Disb	13,654,443.00
Mar 15, 2015	IBRD-82320	Int Charges	464,051.25
Sep 15, 2014	IBRD-82320	Int Charges	23,030.49
Sep 15, 2014	IBRD-82320	Int Charges	444,838.47
Jul 3, 2014	IBRD-82320	Loan Disb	1,410,437.00
Jul 15, 2015	IBRD-84970	Loan Disb	125,000.00
Jul 15, 2015	IBRD-84970	Fee Charges	125,000.00
Feb 4, 2016	IBRD-84970	Loan Disb	35,691,136.00
Sep 15, 2015	IBRD-82320	Int Charges	500,888.90
Sep 15, 2016	IBRD-82320	Int Charges	683,355.56
Sep 15, 2016	IBRD-84970	Int Charges	9,751.68
Sep 15, 2016	IBRD-84970	Int Charges	61,234.03
Mar 15, 2016	IBRD-82320	Int Charges	544,988.90
Mar 15, 2016	IBRD-84970	Int Charges	31,111.30
Mar 15, 2016	IBRD-84970	Int Charges	357.35
Mar 15, 2016	IBRD-84970	Int Charges	52,352.21
Mar 15, 2016	IBRD-84970	Int Charges	1,131.16
Sep 15, 2016	IBRD-84970	Int Charges	17,826.70
Sep 15, 2016	IBRD-84970	Int Charges	395,410.12
Mar 15, 2022	IBRD-84970	Int Charges	756.54
Mar 15, 2022	IBRD-84970	Int Charges	326,532.30
Mar 15, 2022	IBRD-84970	Loan Repay	983,213.56
Mar 15, 2022	IBRD-82320	Int Charges	339,978.34
Mar 15, 2022	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2022	IBRD-84970	Int Charges	550,171.30
Sep 15, 2022	IBRD-84970	Loan Repay	983,213.56
Sep 15, 2022	IBRD-84970	Int Charges	994.32
Sep 15, 2022	IBRD-82320	Int Charges	624,894.70
Sep 15, 2022	IBRD-82320	Loan Repay	1,400,000.00
Oct 26, 2021	IBRD-84970	Loan Cancel	788,962.00
Sep 18, 2023	IBRD-82320	Int Charges	1,688,353.40
Sep 18, 2023	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2018	IBRD-84970	Int Charges	907,222.25
Mar 18, 2019	IBRD-82320	Int Charges	1,206,184.00
Mar 18, 2019	IBRD-82320	Loan Repay	1,400,000.00
Mar 15, 2023	IBRD-82320	Int Charges	1,362,728.90
Mar 15, 2023	IBRD-82320	Loan Repay	1,400,000.00
Mar 15, 2023	IBRD-84970	Int Charges	1,130,530.20
Mar 15, 2023	IBRD-84970	Int Charges	-1,750.86
Mar 15, 2023	IBRD-84970	Int Charges	1,750.86
Mar 15, 2023	IBRD-84970	Loan Repay	983,213.56
Sep 18, 2023	IBRD-84970	Int Charges	1,393,017.00
Sep 18, 2023	IBRD-84970	Loan Repay	983,213.56
Mar 18, 2024	IBRD-82320	Int Charges	786.41
Mar 18, 2024	IBRD-82320	Int Charges	1,826,021.60
Mar 18, 2024	IBRD-82320	Loan Repay	1,400,000.00
Mar 18, 2024	IBRD-84970	Int Charges	572.77
Mar 18, 2024	IBRD-84970	Int Charges	1,504,579.20
Mar 18, 2024	IBRD-84970	Loan Repay	983,213.56
Apr 10, 2015	IBRD-84970	Loan Commitment	50,000,000.00
Mar 5, 2013	IBRD-82320	Loan Commitment	70,000,000.00
Mar 15, 2021	IBRD-82320	Int Charges	396,430.22
Mar 15, 2021	IBRD-84970	Int Charges	376,932.50
Mar 15, 2021	IBRD-84970	Loan Repay	1,000,000.00
Sep 15, 2020	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2020	IBRD-84970	Int Charges	508,555.56
Sep 15, 2020	IBRD-84970	Loan Repay	1,000,000.00
Sep 15, 2021	IBRD-82320	Int Charges	366,149.78
Sep 15, 2021	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2021	IBRD-84970	Int Charges	353,280.00
Sep 15, 2021	IBRD-84970	Loan Repay	1,000,000.00
Oct 26, 2021	IBRD-84970	Loan Disb	-788,962.00
Sep 15, 2019	IBRD-82320	Int Charges	429.33
Sep 15, 2019	IBRD-82320	Int Charges	1,237,624.90
Sep 15, 2019	IBRD-82320	Loan Repay	1,400,000.00
Mar 15, 2020	IBRD-82320	Int Charges	993,012.25
Mar 15, 2020	IBRD-84970	Int Charges	834,166.70
Mar 15, 2020	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2019	IBRD-84970	Int Charges	1,004,333.30
Sep 15, 2020	IBRD-82320	Int Charges	560,280.00
Mar 15, 2021	IBRD-82320	Loan Repay	1,400,000.00
Mar 15, 2017	IBRD-84970	Int Charges	450,188.90
Mar 24, 2017	IBRD-84970	Loan Disb	14,183,866.00
Mar 15, 2017	IBRD-84970	Int Charges	17,555.44
Mar 15, 2017	IBRD-82320	Int Charges	791,875.00
Sep 15, 2017	IBRD-84970	Int Charges	874.35
Sep 15, 2017	IBRD-84970	Int Charges	675,385.70
Sep 15, 2017	IBRD-82320	Int Charges	869,400.00
Mar 15, 2018	IBRD-84970	Int Charges	681,263.90
Mar 15, 2018	IBRD-82320	Int Charges	865,783.30
Mar 15, 2018	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2018	IBRD-82320	Loan Repay	1,400,000.00
Sep 15, 2018	IBRD-82320	Int Charges	1,157,053.40

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Satisfactory	2020-06-28
Progress towards achievement of PDO	Satisfactory	2020-06-28
Project Management	Satisfactory	2020-06-28
Financial Management	Satisfactory	2020-06-28
Monitoring and Evaluation	Satisfactory	2020-06-28
Overall Implementation Progress (IP)	Satisfactory	2020-06-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 11-30-2021
Outcomes	Substantial
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

Direct project beneficiaries Value 0.00 15000.00 0.00
Date March 31, 2012 December 31, 2020
Comment
Female beneficiaries Value 0.00 74.00 0.00
Date March 31, 2012 March 31, 2018
Comment
Overall MSME portfolio of partcipating banks Value 5.00 9.00 0.00
Date March 31, 2012 December 31, 2020
Comment
Portfolio at Risk - SME Value 6.00 4.10 0.00
Date March 31, 2012 December 31, 2020
Comment
Number of jobs created by MSMEs Project Beneficiaries Value 0.00 8386.00 0.00
Date March 31, 2012 December 31, 2020
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Volume of Lending to MSMEs under the Line of Credit Value 0.00 229.00 0.00
Date March 31, 2012 December 31, 2020
Comment
Enterprises in Governorates other than Amman as a percent of total businesses served by the line of credit Value 0.00 68.20 0.00
Date March 31, 2012 December 31, 2020
Comment
Youth owned businesses as a percent of total businesses served by the line of credit Value 0.00 40.90 0.00
Date March 31, 2012 December 31, 2020
Comment
Number of term loans to MSMEs Value 0.00 10777.00 0.00
Date March 31, 2012 December 31, 2020
Comment
Number of MFIs engaged in micro enterprise lending under the line of credit Value 0.00 6.00 0.00
Date March 31, 2012 December 31, 2020
Comment
Number of banks engaged in MSME lending Value 0.00 9.00 0.00
Date March 31, 2012 December 31, 2020
Comment

Direct project beneficiaries	Value	0.00	15000.00	0.00
	Date	March 31, 2012	December 31, 2020
	Comment

Female beneficiaries	Value	0.00	74.00	0.00
	Date	March 31, 2012	March 31, 2018
	Comment

Overall MSME portfolio of partcipating banks	Value	5.00	9.00	0.00
	Date	March 31, 2012	December 31, 2020
	Comment

Portfolio at Risk - SME	Value	6.00	4.10	0.00
	Date	March 31, 2012	December 31, 2020
	Comment

Number of term loans to MSMEs	Value	0.00	10777.00	0.00
	Date	March 31, 2012	December 31, 2020
	Comment

Number of banks engaged in MSME lending	Value	0.00	9.00	0.00
	Date	March 31, 2012	December 31, 2020
	Comment