Skip to Main Navigation

OECS MSME Guarantee Facility Project

Abstract*

The development objective of the Micro, Small and Medium-Sized Enterprise (MSME) Guarantee Facility Project for OECS Countries is to facilitate additional financial intermediation for MSMEs by supporting the establishment of a regional partial guarantee corporation. It has two project components. First component, Capitalize the Partial Credit Guarantee Fund will support the capitalization of the Credit Guarantee Fund (CGF) for the provision of Partial...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

The development objective is to facilitate additional financial intermediation for MSMEs by supporting the establishment of a regional partial guarantee corporation.

Key Details

Project Details

  • P157715

  • Closed

  • Nicholas Smith

  • Government of Antigua and Barbuda,Government of the Commonwealth of Dominica,Government of Saint Lucia,Government of Grenada,Government of Saint Vincent and the Grenadines

  • OECS Countries

  • September 8, 2016

  • (as of board presentation)

    July 5, 2018

  • July 12, 2019

  • US$ 12.00 million

  • Eastern Caribbean Partial Credit Guarantee Corporation

  • Latin America and Caribbean

  • 2019

  • US$ 10.00 million

  • F

  • February 20, 2024

  • February 28, 2025

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 2.00
National Government 2.00
IDA Credit 8.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 2.00
IDA Commitment 8.00
IBRD + IDA Commitment 10.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 12.00

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

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Mar 2, 2020 IDA-62670 Loan Disb 93,096.00
Mar 16, 2020 IDA-62660 Loan Disb 93,096.00
Jul 29, 2021 IDA-62640 Loan Disb 40,448.00
Mar 15, 2021 IDA-62640 Int Charges 9,163.33
Mar 15, 2021 IDA-62640 Int Charges 9,163.33
Dec 2, 2020 IDA-62640 Loan Disb 944,662.00
Dec 2, 2020 IDA-62640 Loan Disb 50,191.00
Nov 30, 2020 IDA-62650 Loan Disb 944,662.00
Nov 30, 2020 IDA-62650 Loan Disb 50,191.00
Nov 24, 2020 IDA-62670 Loan Disb 919,114.60
Feb 15, 2021 IDA-62670 Int Charges 29.20
Feb 15, 2021 IDA-62670 Int Charges 29.20
Feb 15, 2021 IDA-62670 Int Charges 4,662.89
Feb 15, 2021 IDA-62670 Int Charges 4,662.89
Aug 15, 2022 IDA-62670 Int Charges 19.24
Aug 15, 2022 IDA-62670 Int Charges 6,342.90
Aug 15, 2022 IDA-62670 Int Charges 6,342.90
Feb 23, 2022 IDA-62670 Loan Disb 23,506.00
Apr 25, 2022 IDA-62650 Loan Disb 23,506.00
Feb 15, 2022 IDA-62670 Int Charges 6,536.24
Feb 15, 2022 IDA-62670 Int Charges 88.58
Feb 15, 2022 IDA-62670 Int Charges 88.58
Feb 17, 2022 IDA-62660 Loan Disb 23,506.00
Feb 15, 2022 IDA-62670 Int Charges 6,536.24
Mar 15, 2022 IDA-62660 Int Charges 12,355.56
Mar 15, 2022 IDA-62660 Int Charges 12,355.56
Mar 15, 2022 IDA-62640 Int Charges 70.79
Mar 15, 2022 IDA-62640 Int Charges 70.79
Mar 15, 2022 IDA-62640 Int Charges 12,355.56
Mar 15, 2022 IDA-62640 Int Charges 12,355.56
Jun 15, 2022 IDA-62650 Int Charges 12,355.56
Jun 15, 2022 IDA-62650 Int Charges 12,355.56
Nov 16, 2022 IDA-62640 Loan Disb 57,468.00
Sep 15, 2022 IDA-62640 Int Charges 6.26
Sep 15, 2022 IDA-62640 Int Charges 6.26
Sep 15, 2022 IDA-62640 Int Charges 12,516.60
Sep 15, 2022 IDA-62640 Int Charges 12,516.60
Sep 15, 2022 IDA-62660 Int Charges 25.04
Sep 15, 2022 IDA-62660 Int Charges 25.04
Sep 15, 2022 IDA-62660 Int Charges 12,516.60
Sep 15, 2022 IDA-62660 Int Charges 12,516.60
Oct 27, 2022 IDA-62650 Loan Disb 57,468.00
Oct 26, 2022 IDA-62670 Loan Disb 57,468.00
Dec 15, 2021 IDA-62650 Int Charges 12,355.56
Dec 15, 2021 IDA-62650 Int Charges 12,355.56
Jun 16, 2023 IDA-62650 Int Charges 104.97
Jun 16, 2023 IDA-62650 Int Charges 104.97
Jun 16, 2023 IDA-62650 Int Charges 12,910.26
Jun 16, 2023 IDA-62650 Int Charges 12,910.26
Sep 15, 2023 IDA-62640 Int Charges 12,910.26
Sep 15, 2023 IDA-62640 Int Charges 12,910.26
Aug 15, 2023 IDA-62670 Int Charges 32.12
Aug 15, 2023 IDA-62670 Int Charges 32.12
Aug 15, 2023 IDA-62670 Int Charges 6,626.52
Aug 15, 2023 IDA-62670 Int Charges 6,626.52
Jul 20, 2023 IDA-62660 Loan Disb 59,487.00
Sep 15, 2023 IDA-62660 Int Charges 12,910.26
Sep 15, 2023 IDA-62660 Int Charges 12,910.26
Mar 15, 2023 IDA-62660 Int Charges 61.24
Mar 15, 2023 IDA-62660 Int Charges 61.24
Mar 15, 2023 IDA-62660 Int Charges 12,910.26
Mar 15, 2023 IDA-62660 Int Charges 12,910.26
Feb 15, 2023 IDA-62670 Int Charges 6,476.13
Mar 15, 2023 IDA-62640 Int Charges 12,776.85
Mar 15, 2023 IDA-62640 Int Charges 12,776.85
Feb 15, 2023 IDA-62670 Int Charges 55.07
Feb 15, 2023 IDA-62670 Int Charges 55.07
Feb 15, 2023 IDA-62670 Int Charges 6,476.13
Apr 23, 2020 IDA-62640 Loan Disb 93,096.00
Jun 3, 2020 IBRD-88830 Loan Disb 673,649.00
Feb 20, 2020 IBRD-88830 Loan Disb 92,863.00
Jan 30, 2020 IBRD-88830 Int Charges 3,349.26
Jan 30, 2020 IBRD-88830 Int Charges 88.83
Jan 15, 2020 IBRD-88830 Loan Disb -5,000.00
Jan 15, 2020 IBRD-88830 Loan Disb 5,000.00
Jan 15, 2020 IBRD-88830 Int Charges 2,315.07
Jan 15, 2021 IBRD-88830 Int Charges 193.16
Feb 1, 2021 IBRD-88830 Int Charges 2,219.63
Feb 1, 2021 IBRD-88830 Int Charges 1,058.05
Feb 1, 2021 IBRD-88830 Int Charges 3,043.68
Feb 1, 2021 IBRD-88830 Int Charges 39.35
Feb 1, 2021 IBRD-88830 Int Charges 6,033.31
Nov 6, 2020 IBRD-88830 Loan Disb 946,351.00
Oct 9, 2020 IBRD-88830 Loan Disb 50,066.00
Jul 15, 2020 IBRD-88830 Loan Disb -766,512.00
Jul 15, 2020 IBRD-88830 Loan Disb 766,512.00
Jul 15, 2021 IBRD-88830 Loan Disb -40,347.00
Jul 15, 2021 IBRD-88830 Loan Disb 40,347.00
Jul 20, 2021 IBRD-88830 Int Charges 260.35
Jul 20, 2021 IBRD-88830 Int Charges 160.88
Jul 20, 2021 IBRD-88830 Int Charges 36.44
Jul 20, 2021 IBRD-88830 Int Charges 5,588.10
Dec 15, 2020 IDA-62650 Int Charges 5,234.54
Dec 15, 2020 IDA-62650 Int Charges 5,234.54
Mar 15, 2021 IDA-62660 Int Charges 9,495.24
Mar 15, 2021 IDA-62660 Int Charges 9,495.24
Sep 15, 2020 IDA-62660 Int Charges 634.15
Sep 15, 2020 IDA-62660 Int Charges 634.15
Sep 15, 2020 IDA-62640 Int Charges 2,533.40
Sep 15, 2020 IDA-62640 Int Charges 2,533.40
Oct 1, 2020 IDA-62660 Loan Disb 50,191.00
Aug 15, 2020 IDA-62670 Int Charges 1,299.50
Nov 13, 2020 IDA-62670 Loan Disb 50,191.01
Aug 15, 2020 IDA-62670 Int Charges 1,299.50
Nov 16, 2020 IDA-62660 Loan Disb 944,662.00
Sep 29, 2020 IDA-62660 Loan Disb 675,338.00
Jun 26, 2020 IDA-62640 Loan Disb 675,338.00
Jun 16, 2020 IDA-62650 Loan Disb 675,338.00
Jun 16, 2020 IDA-62650 Loan Disb 93,096.00
Jun 5, 2020 IDA-62670 Loan Disb 675,338.00
Mar 8, 2022 IDA-62640 Loan Disb 23,506.00
Sep 15, 2021 IDA-62640 Int Charges 12,078.54
Sep 15, 2021 IDA-62640 Int Charges 12,078.54
Sep 15, 2021 IDA-62660 Int Charges 12,332.47
Sep 15, 2021 IDA-62660 Int Charges 12,332.47
Aug 15, 2021 IDA-62670 Int Charges 8.91
Aug 15, 2021 IDA-62670 Int Charges 8.91
Aug 15, 2021 IDA-62670 Int Charges 6,676.17
Aug 15, 2021 IDA-62670 Int Charges 6,676.17
Apr 29, 2021 IDA-62670 Loan Disb 40,448.00
Jun 15, 2021 IDA-62650 Int Charges 567.89
Jun 15, 2021 IDA-62650 Int Charges 567.89
Jun 15, 2021 IDA-62650 Int Charges 12,173.95
Apr 13, 2021 IDA-62650 Loan Disb 40,448.00
Mar 30, 2021 IDA-62660 Loan Disb 40,448.00
Dec 20, 2022 IDA-62650 Int Charges 44.73
Dec 20, 2022 IDA-62650 Int Charges 44.73
Dec 20, 2022 IDA-62650 Int Charges 12,516.60
Dec 20, 2022 IDA-62650 Int Charges 12,516.60
Aug 17, 2022 IDA-62660 Loan Disb 57,468.00
Aug 15, 2022 IDA-62670 Int Charges 19.24
Jul 20, 2021 IBRD-88830 Int Charges 7,264.16
Apr 7, 2021 IBRD-88830 Loan Disb 40,347.00
Jan 15, 2021 IBRD-88830 Loan Disb -996,417.00
Jan 15, 2021 IBRD-88830 Loan Disb 996,417.00
Feb 17, 2022 IBRD-88830 Loan Disb 23,447.00
Jul 15, 2022 IBRD-88830 Loan Disb -23,447.00
Jul 15, 2022 IBRD-88830 Loan Disb 23,447.00
Aug 25, 2022 IBRD-88830 Int Charges 213.92
Aug 25, 2022 IBRD-88830 Int Charges 154.23
Aug 25, 2022 IBRD-88830 Int Charges 40.23
Aug 17, 2022 IBRD-88830 Loan Disb 57,324.00
Feb 2, 2022 IBRD-88830 Int Charges 34.51
Feb 2, 2022 IBRD-88830 Int Charges 6,875.27
Feb 2, 2022 IBRD-88830 Int Charges 278.38
Feb 2, 2022 IBRD-88830 Int Charges 5,288.94
Aug 15, 2024 IDA-62670 Int Charges 6,597.52
Aug 15, 2024 IDA-62670 Int Charges 6,597.52
Aug 15, 2024 IDA-62670 Int Charges 89.38
Aug 15, 2024 IDA-62670 Int Charges 89.38
Dec 15, 2023 IDA-62650 Int Charges 12,910.26
Dec 15, 2023 IDA-62650 Int Charges 12,910.26
Nov 8, 2023 IDA-62640 Loan Disb 59,487.00
Jun 6, 2024 IDA-62640 Loan Disb 55,804.00
Jun 15, 2024 IDA-62650 Int Charges 12,910.26
Jun 15, 2024 IDA-62650 Int Charges 12,910.26
Jun 12, 2024 IDA-62670 Loan Disb 38,091.63
Jun 7, 2024 IDA-62670 Loan Disb 59,487.00
Feb 15, 2024 IDA-62670 Int Charges 11.40
Feb 15, 2024 IDA-62670 Int Charges 11.40
Feb 15, 2024 IDA-62670 Int Charges 6,567.72
Feb 15, 2024 IDA-62670 Int Charges 6,567.72
Mar 15, 2024 IDA-62660 Int Charges 124.50
Mar 15, 2024 IDA-62660 Int Charges 124.50
Mar 15, 2024 IDA-62660 Int Charges 13,317.72
Mar 15, 2024 IDA-62660 Int Charges 13,317.72
Apr 24, 2024 IDA-62650 Loan Disb 55,804.00
Apr 24, 2024 IDA-62660 Loan Disb 55,804.00
Mar 15, 2024 IDA-62640 Int Charges 13,197.75
Mar 15, 2024 IDA-62640 Int Charges 13,197.75
Apr 25, 2024 IDA-62650 Loan Disb 59,487.00
Jun 15, 2021 IDA-62650 Int Charges 12,173.95
Jul 5, 2018 IDA-62640 Loan Commitment 2,000,000.00
Jul 5, 2018 IDA-62660 Loan Commitment 2,000,000.00
Jul 5, 2018 IDA-62670 Loan Commitment 2,000,000.00
Jul 5, 2018 IDA-62650 Loan Commitment 2,000,000.00
Jul 5, 2018 IBRD-88830 Loan Commitment 2,000,000.00
Feb 2, 2022 IBRD-88830 Int Charges 241.62
Aug 25, 2022 IBRD-88830 Int Charges 6,166.16
Aug 25, 2022 IBRD-88830 Int Charges 8,015.63
Aug 25, 2022 IBRD-88830 Int Charges 324.56
Aug 17, 2023 IBRD-88830 Int Charges 746.23
Aug 17, 2023 IBRD-88830 Int Charges 1,824.37
Mar 15, 2023 IBRD-88830 Int Charges 878.49
Mar 15, 2023 IBRD-88830 Int Charges 152.79
Mar 15, 2023 IBRD-88830 Int Charges 1,024.28
Mar 15, 2023 IBRD-88830 Int Charges 108.86
Mar 15, 2023 IBRD-88830 Int Charges 16,689.51
Mar 15, 2023 IBRD-88830 Int Charges 21,695.32
Jan 15, 2023 IBRD-88830 Loan Disb -57,324.00
Jan 15, 2023 IBRD-88830 Loan Disb 57,324.00
Mar 15, 2023 IBRD-88830 Int Charges 510.50
Jan 15, 2024 IBRD-88830 Int Charges 67.08
Jan 15, 2024 IBRD-88830 Int Charges 2,054.02
Jan 15, 2024 IBRD-88830 Loan Disb 59,339.00
Jul 20, 2023 IBRD-88830 Loan Disb 59,339.00
Aug 17, 2023 IBRD-88830 Int Charges 24,394.88
Aug 17, 2023 IBRD-88830 Int Charges 137.56
Aug 17, 2023 IBRD-88830 Int Charges 159.15
Aug 17, 2023 IBRD-88830 Int Charges 31,711.81
Aug 17, 2023 IBRD-88830 Int Charges 1,284.06
Jul 15, 2024 IBRD-88830 Int Charges 12.32
Jul 15, 2024 IBRD-88830 Loan Disb 51,614.00
Jul 15, 2024 IBRD-88830 Loan Disb -51,614.00
Jul 15, 2024 IBRD-88830 Int Charges 5.02
Jul 15, 2024 IBRD-88830 Int Charges 12.27
Jul 15, 2024 IBRD-88830 Int Charges 1.07
Jul 15, 2024 IBRD-88830 Int Charges 164.08
Jul 15, 2024 IBRD-88830 Int Charges 213.29
Jul 15, 2024 IBRD-88830 Int Charges 35,142.25
Jul 15, 2024 IBRD-88830 Int Charges 1,422.99
Jul 15, 2024 IBRD-88830 Int Charges 826.94
Jul 15, 2024 IBRD-88830 Int Charges 2,021.74
Jul 15, 2024 IBRD-88830 Int Charges 2,092.81
Jul 15, 2024 IBRD-88830 Int Charges 8.63
Jul 15, 2024 IBRD-88830 Int Charges 887.03
Jul 15, 2024 IBRD-88830 Int Charges 32.78
Jul 15, 2024 IBRD-88830 Int Charges 176.33
Jul 15, 2024 IBRD-88830 Int Charges 27,033.81
Apr 17, 2024 IBRD-88830 Loan Disb 51,614.00
Jan 15, 2024 IBRD-88830 Loan Disb -59,339.00
Jan 15, 2024 IBRD-88830 Int Charges 177.78
Jan 15, 2024 IBRD-88830 Int Charges 35,428.33
Jan 15, 2024 IBRD-88830 Int Charges 27,253.90
Jan 15, 2024 IBRD-88830 Int Charges 1,434.58
Jan 15, 2024 IBRD-88830 Int Charges 833.68
Jan 15, 2024 IBRD-88830 Int Charges 2,038.18
Jan 23, 2020 IBRD-88830 Int Charges 3,349.26
Jan 23, 2020 IBRD-88830 Int Charges 88.83
Jan 30, 2020 IBRD-88830 Int Charges -3,349.26
Jan 30, 2020 IBRD-88830 Int Charges -88.83
Jul 12, 2019 IBRD-88830 Loan Disb 5,000.00
Jul 12, 2019 IBRD-88830 Fee Charges 5,000.00
Aug 7, 2020 IBRD-88830 Int Charges 2,194.26
Aug 7, 2020 IBRD-88830 Int Charges 1,156.19
Aug 7, 2020 IBRD-88830 Int Charges 77.61

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Satisfactory 2025-01-24
Overall Implementation Progress (IP) Moderately Satisfactory 2025-01-24
Procurement Satisfactory 2025-01-24
Financial Management Satisfactory 2025-01-24
Progress towards achievement of PDO Moderately Satisfactory 2025-01-24
Project Management Satisfactory 2025-01-24

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of Guaranteed LoansValue0.0072.00250.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • Total amount of outstanding guaranteed loans through ProjectValue0.003768181.4812000000.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • Number of loan officers trained in MSME credit assessmentValue0.00137.0045.00
    DateJuly 3, 2018September 28, 2022February 28, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of MSMEs receiving guaranteed loans through ProjectValue0.0067.00250.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • Share of guarantees issued to women owned or managed MSMEsValue0.0038.9030.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • Percentage of funding through guaranteed loans with maturity more than one yearValue0.00100.0070.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • The ratio of equity to outstanding guaranteesValue0.000.581.00
    DateJuly 3, 2018December 11, 2023February 28, 2025
    Comment
  • Proportion of guarantees paid-outValue0.000.015.00
    DateJuly 18, 2018December 11, 2023February 28, 2025
    Comment
  • Percentage of beneficiaries that feel project activities reflected their needs (Citizen Engagement Indicator)Value0.0095.2075.00
    DateJuly 3, 2018September 30, 2023February 28, 2025
    Comment