| Financier | Commitments |
|---|---|
| IDA Credit | 40.00 |
Micro, Small, and Medium Enterprise Access to Finance Emergency Support and Recovery Project
Abstract*
Micro, Small and Medium Enterprises (MSMEs) play an important role in the Lao economy, accounting for around 99 percent of registered firms, and the bulk of the informal economy, estimated to account for 30 percent of the economy. The contribution of MSMEs to GDP, estimated at under 20 percent, however, lagging that of SMEs in Thailand (40 percent), or Malaysia (32 percent). Most MSMEs are micro enterprises with fewer than 5 employees. Reinforcing... Show More
Development Objective
The project aims to enhance access to finance for MSMEs in the context of the COVID-19 emergency and recovery
Key Details
Project Details
P174169
Active
Julian Casal
Lao People's Democratic Republic
September 17, 2020
(as of board presentation)
October 22, 2020
January 21, 2021
US$ 40.00 million
Ministry of Industry and Commerce
2021
US$ 40.00 million
N/A
March 18, 2024
November 28, 2025
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 40.00 |
| IBRD + IDA Commitment | 40.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 40.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 9, 2022 | IDA-67900 | Loan Disb | 824,154.00 |
| May 5, 2023 | IDA-67900 | Loan Disb | 258,181.00 |
| Apr 15, 2023 | IDA-67900 | Int Charges | 64,617.36 |
| Apr 15, 2023 | IDA-67900 | Int Charges | 6,070.76 |
| Apr 15, 2023 | IDA-67900 | Int Charges | 39,622.11 |
| Apr 15, 2023 | IDA-67900 | Int Charges | 39,622.11 |
| Nov 10, 2022 | IDA-67900 | Loan Disb | 355,853.00 |
| Jul 25, 2023 | IDA-67900 | Loan Disb | 318,860.62 |
| Jun 20, 2023 | IDA-67900 | Loan Disb | 516,472.66 |
| Jul 17, 2023 | IDA-67900 | Loan Disb | 483,957.53 |
| Aug 22, 2023 | IDA-67900 | Loan Disb | 436,699.12 |
| Aug 2, 2023 | IDA-67900 | Loan Disb | 510,096.00 |
| Nov 27, 2023 | IDA-67900 | Loan Disb | 816,365.90 |
| Dec 11, 2023 | IDA-67900 | Loan Disb | 1,455,746.90 |
| Oct 10, 2023 | IDA-67900 | Loan Disb | 300,075.03 |
| Oct 10, 2023 | IDA-67900 | Loan Disb | 413,152.97 |
| Oct 15, 2023 | IDA-67900 | Int Charges | 1,372.70 |
| Oct 15, 2023 | IDA-67900 | Int Charges | 43,233.62 |
| Oct 15, 2023 | IDA-67900 | Int Charges | 43,233.62 |
| Oct 15, 2023 | IDA-67900 | Int Charges | 72,056.05 |
| Sep 3, 2024 | IDA-67900 | Loan Disb | 670,845.30 |
| Apr 15, 2024 | IDA-67900 | Int Charges | 61,371.17 |
| Apr 15, 2024 | IDA-67900 | Int Charges | 61,371.17 |
| Apr 15, 2024 | IDA-67900 | Int Charges | 97,069.70 |
| Apr 15, 2024 | IDA-67900 | Int Charges | 509.66 |
| Apr 15, 2024 | IDA-67900 | Int Charges | 509.66 |
| Jan 24, 2024 | IDA-67900 | Loan Disb | 1,158,628.40 |
| Feb 15, 2024 | IDA-67900 | Loan Disb | 1,284,071.00 |
| Feb 15, 2024 | IDA-67900 | Loan Disb | 777,996.00 |
| Feb 2, 2024 | IDA-67900 | Loan Disb | 454,159.94 |
| Oct 22, 2020 | IDA-67900 | Loan Commitment | 40,000,000.00 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 565.24 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 2,180.15 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 2,180.15 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 3,633.66 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 339.13 |
| Nov 4, 2021 | IDA-67900 | Int Charges | 339.13 |
| Mar 17, 2021 | IDA-67900 | Loan Disb | 588,667.00 |
| May 10, 2022 | IDA-67900 | Loan Disb | 3,242,186.50 |
| Apr 27, 2022 | IDA-67900 | Int Charges | 3,123.61 |
| Apr 27, 2022 | IDA-67900 | Int Charges | 3,123.61 |
| Apr 27, 2022 | IDA-67900 | Int Charges | 5,291.05 |
| Apr 15, 2022 | IDA-67900 | Int Charges | 51.66 |
| Apr 15, 2022 | IDA-67900 | Int Charges | 51.66 |
| Sep 19, 2022 | IDA-67900 | Loan Disb | 4,893,946.00 |
| Oct 15, 2022 | IDA-67900 | Int Charges | 326.81 |
| Oct 15, 2022 | IDA-67900 | Int Charges | 326.81 |
| Oct 15, 2022 | IDA-67900 | Int Charges | 17,091.84 |
| Oct 15, 2022 | IDA-67900 | Int Charges | 17,091.84 |
| Oct 15, 2022 | IDA-67900 | Int Charges | 23,310.31 |
| Oct 11, 2022 | IDA-67900 | Loan Disb | 458,261.44 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-08-29 |
| Financial Management | Satisfactory | 2024-08-29 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-08-29 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-08-29 |
| Monitoring and Evaluation | Satisfactory | 2024-08-29 |
| Project Management | Satisfactory | 2024-08-29 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of MSMEs benefitting from TA that obtain credit for first time Value 0.00 0.00 30.00 Date August 4, 2020 July 12, 2023 November 28, 2025 Comment of which women-led enterprises Value 0.00 0.00 0.00 Date Comment Share of MSMEs benefitting from line of credit that survive COVID-19 crisis Value 0.00 0.00 80.00 Date August 4, 2020 July 12, 2023 November 28, 2025 Comment Volume of sub-loans disbursed to MSMEs under the project Value 0.00 16270000.00 34000000.00 Date August 4, 2020 November 30, 2023 November 28, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of businesses supported with technical assistance Value 0.00 51.00 600.00 Date August 4, 2020 November 30, 2023 November 28, 2025 Comment TA to strengthen BOL capacity to supervise and monitor PCG delivered Value No No Yes Date August 4, 2020 November 30, 2023 November 28, 2025 Comment Number of MSMEs received financing under the project Value 0.00 222.00 400.00 Date August 4, 2020 November 30, 2023 November 28, 2025 Comment of which women-led enterprises Value 0.00 0.00 0.00 Date Comment Number of SME Banking Strategies and new SME banking products developed and adopted by PFIs Value 0.00 0.00 3.00 Date August 4, 2020 November 30, 2023 November 28, 2025 Comment Percentage of beneficiaries that feel project activities reflected their needs (Citizen Engagement indicator) Value 0.00 90.00 75.00 Date August 4, 2020 November 30, 2023 November 28, 2025 Comment Percentage of complaints handled from Grievance Redress mechanism in place (disaggregated by number/percent of women) Value 0.00 100.00 75.00 Date September 17, 2020 November 30, 2023 November 28, 2025 Comment