| Financier | Commitments |
|---|---|
| IDA Credit | 86.00 |
Financial Inclusion and Entrepreneurship Scaling Project
Abstract*
Activities for this project will be structured under four mutually reinforcing components: liquidity enhancement for MSMEs (including via a line of credit (LoC), Technical Assistance (TA), and de-risking/risk capital support); scaling of entrepreneurship and building firm capabilities; enhancement of the enabling environment for supporting the financial inclusion and growth of entrepreneurs; and project implementation support. These components are... Show More
Development Objective
The Project Development Objective (PDO) is to increase access to financial services, promote entrepreneurship and capabilities of MSMEs in Malawi including addressing Coronavirus Disease 2019 (COVID-19) implications.
Key Details
Project Details
P168577
Active
Efrem Chilima , Randa Akeel
The Republic of Malawi
May 9, 2019
(as of board presentation)
August 25, 2020
December 10, 2020
US$ 86.00 million
Reserve Bank of Malawi,Ministry of Industry and Trade
2021
US$ 86.00 million
N/A
May 21, 2024
September 30, 2025
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 86.00 |
| IBRD + IDA Commitment | 86.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 86.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 3, 2024 | IDA-67460 | Loan Disb | 1,300,000.00 |
| Aug 15, 2023 | IDA-67460 | Int Charges | 225,816.48 |
| Aug 15, 2023 | IDA-67460 | Int Charges | 225,816.48 |
| Aug 15, 2023 | IDA-67460 | Int Charges | 2,574.11 |
| Aug 15, 2023 | IDA-67460 | Int Charges | 2,574.11 |
| Feb 15, 2023 | IDA-67460 | Int Charges | 2,390.22 |
| Feb 15, 2023 | IDA-67460 | Int Charges | 2,390.22 |
| Feb 21, 2023 | IDA-67460 | Int Charges | 167,389.53 |
| Feb 21, 2023 | IDA-67460 | Int Charges | 167,389.53 |
| Nov 15, 2023 | IDA-67460 | Loan Disb | 6,216,979.00 |
| Oct 18, 2023 | IDA-67460 | Loan Disb | 318,750.00 |
| Jul 19, 2023 | IDA-67460 | Loan Disb | 3,000,000.00 |
| Aug 21, 2024 | IDA-67460 | Int Charges | 272,794.75 |
| Aug 21, 2024 | IDA-67460 | Int Charges | 272,794.75 |
| Jun 4, 2024 | IDA-67460 | Loan Disb | 598,288.00 |
| Jun 5, 2024 | IDA-67460 | Loan Disb | 352,764.72 |
| Feb 15, 2022 | IDA-67460 | Int Charges | 836.25 |
| Feb 15, 2022 | IDA-67460 | Int Charges | 836.25 |
| Apr 22, 2022 | IDA-67460 | Loan Disb | 10,609,841.00 |
| Mar 14, 2022 | IDA-67460 | Int Charges | 66,930.47 |
| Mar 14, 2022 | IDA-67460 | Int Charges | 66,930.47 |
| Jun 1, 2022 | IDA-67460 | Loan Disb | 5,000,000.00 |
| Aug 15, 2022 | IDA-67460 | Int Charges | 897.43 |
| Aug 15, 2022 | IDA-67460 | Int Charges | 897.43 |
| Sep 1, 2022 | IDA-67460 | Int Charges | 104,668.38 |
| Sep 1, 2022 | IDA-67460 | Int Charges | 104,668.38 |
| Aug 12, 2022 | IDA-67460 | Loan Disb | 353,174.44 |
| Mar 24, 2023 | IDA-67460 | Loan Disb | 13,500,000.00 |
| Sep 19, 2022 | IDA-67460 | Loan Disb | 11,000,000.00 |
| Oct 28, 2022 | IDA-67460 | Loan Disb | 340,402.78 |
| Dec 23, 2022 | IDA-67460 | Loan Disb | 2,000,000.00 |
| Feb 16, 2021 | IDA-67460 | Loan Disb | 15,000,000.00 |
| Nov 3, 2021 | IDA-67460 | Loan Disb | 6,787,816.00 |
| Aug 19, 2021 | IDA-67460 | Int Charges | 54,907.18 |
| Aug 21, 2024 | IDA-67460 | Int Charges | -272,794.75 |
| Aug 25, 2020 | IDA-67460 | Loan Commitment | 86,000,000.00 |
| Aug 19, 2021 | IDA-67460 | Int Charges | 54,907.18 |
| Aug 21, 2024 | IDA-67460 | Int Charges | -272,794.75 |
| Feb 27, 2024 | IDA-67460 | Loan Disb | 290,268.44 |
| Aug 15, 2024 | IDA-67460 | Int Charges | 2,975.19 |
| Aug 15, 2024 | IDA-67460 | Int Charges | 2,975.19 |
| Apr 12, 2024 | IDA-67460 | Loan Disb | 376,028.16 |
| Aug 1, 2024 | IDA-67460 | Loan Disb | 255,000.00 |
| May 16, 2024 | IDA-67460 | Loan Disb | 329,100.00 |
| Mar 25, 2024 | IDA-67460 | Int Charges | 1,207.21 |
| Mar 25, 2024 | IDA-67460 | Int Charges | 1,207.21 |
| Mar 25, 2024 | IDA-67460 | Int Charges | 258,605.10 |
| Mar 25, 2024 | IDA-67460 | Int Charges | 258,605.10 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Financial Management | Satisfactory | 2024-11-13 |
| Monitoring and Evaluation | Satisfactory | 2024-11-13 |
| Progress towards achievement of PDO | Satisfactory | 2024-11-13 |
| Procurement | Satisfactory | 2024-11-13 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-11-13 |
| Project Management | Satisfactory | 2024-11-13 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Ratio of the funds for youth owned enterprises Value 0.00 0.00 20.00 Date Comment Value of MSME loans provided by Participating Financial Intermediaries (PFIs) through the Line of Credit including the COVID-19 emergency facility Value 0.00 47600000.00 47000000.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Number of MSMEs reporting improvement in capabilities Value 0.00 0.00 1000.00 Date October 1, 2020 May 24, 2023 December 27, 2024 Comment Number of new firms established through the project support to incubators and accelerators Value 0.00 85.00 500.00 Date October 1, 2020 December 20, 2023 December 2, 2024 Comment Ratio of loans from PFIs to women-owned MSMEs Value 0.00 0.00 30.00 Date Comment Ratio for women owned MSMEs Value 0.00 0.00 30.00 Date Comment Ratio of loans from PFIs to youth owned MSMEs Value 0.00 0.00 20.00 Date Comment Ratio of which are women-owned (%) Value 0.00 0.00 30.00 Date Comment Value of funds financed by MAIIC for innovative start-ups and SMEs Value 0.00 5300000.00 6000000.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Ratio of the funds for women-owned enterprises Value 0.00 0.00 30.00 Date Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Value of PCG under the project Value 0.00 953000.00 2000000.00 Date January 1, 2021 December 20, 2023 January 1, 2026 Comment MSME satisfactory rate with project implementation, disagregated by gender Value 0.00 94.00 80.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Number of female entrepreneurs trained through the project Value 0.00 0.00 120.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment NPLs on project portifolios Value 0.00 2.30 5.00 Date October 2, 2020 December 20, 2023 December 27, 2024 Comment Number of project beneficiaries who successfully complete stage 1 of the training program Value 0.00 254.00 1000.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Financial Literacy rate Value 37.00 55.00 60.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Increase in citizen satisfaction with the project's provisioning of financial services to MSMEs based on periodic beneficiary feedback survey (percentage) Value 0.00 94.00 25.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Number of project beneficiaries who successifully complete the stage 2 of the program Value 0.00 0.00 500.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Credit bureau coverage Value 2.00 40.20 15.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment Number of project beneficiaries who successfully complete the stage 3 of the trainign program Value 0.00 0.00 250.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment MFI Hub Membership Value 22.00 49.00 80.00 Date October 1, 2020 December 20, 2023 December 27, 2024 Comment of which: women citizen satisfaction (percentage) Value 0.00 0.00 10.00 Date October 1, 2020 June 30, 2022 December 27, 2024 Comment