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Empowering Women Entrepreneurs and Upgrading MSMEs for Economic Transformation and Jobs in DRC Project

Abstract*

The development objective of Empowering Women Entrepreneurs and Upgrading Micro, Small, and Medium Enterprises (MSMEs) for Economic Transformation and Jobs in Democratic Republic of Congo (DRC) Project for Congo, Democratic Republic of is to enhance growth of new and existing MSMEs, especially women-owned, and promote job creation particularly for women in select geographic areas. This project has five components. 1) The first component, Support women...

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

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Development Objective

The project development objective is to enhance growth of new and existing MSMEs, especially women-owned, and promote job creation particularly for women in select geographic areas.

Key Details

Project Details

  • P178176

  • Active

  • Zouhour Karray , Anzhela Prygozhyna, Magueye Dia

  • Democratic Republic of Congo

  • Congo, Democratic Republic of

  • February 16, 2022

  • (as of board presentation)

    May 2, 2022

  • December 12, 2022

  • US$ 300.00 million

  • Ministry of Small and Medium Enterprises and Entrepreneurship (Ministry of SMEs)

  • Eastern and Southern Africa

  • 2022

  • US$ 300.00 million

  • N/A

  • November 6, 2023

  • September 30, 2027

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 150.00
IDA Credit 150.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 300.00
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 300.00

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

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

Detailed Financial Activity as of January 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
May 2, 2022 IDA-71010 Loan Commitment 150,000,000.00
Mar 3, 2023 IDA-E0280 Loan Disb 1,959,334.20
Jun 30, 2023 IDA-E0280 Loan Disb 2,500,000.00
Jun 25, 2024 IDA-E0280 Loan Disb 9,432,136.00
Jun 28, 2024 IDA-E0280 Loan Disb 9,432,567.00
Jun 28, 2024 IDA-E0280 Loan Disb 975,232.10
Jun 28, 2024 IDA-E0280 Loan Disb 4,712,493.00
Aug 19, 2024 IDA-E0280 Loan Disb 750,000.00
Aug 15, 2024 IDA-71010 Int Charges 95,220.06
Aug 15, 2024 IDA-71010 Int Charges 95,220.06
Jun 30, 2023 IDA-71010 Loan Disb 2,500,000.00
Jun 29, 2023 IDA-71010 Loan Disb 8,518,417.00
Jun 27, 2023 IDA-71010 Loan Disb 147,563.40
Aug 15, 2023 IDA-71010 Int Charges 21,886.47
Aug 15, 2023 IDA-71010 Int Charges 21,886.47
Feb 21, 2023 IDA-71010 Loan Disb 3,483,260.00
Aug 19, 2024 IDA-71010 Loan Disb 750,000.00
Jun 28, 2024 IDA-71010 Loan Disb 975,232.20
Jun 28, 2024 IDA-71010 Loan Disb 8,377,765.50
Feb 15, 2024 IDA-71010 Int Charges 18,468.31
Feb 15, 2024 IDA-71010 Int Charges 18,468.31
Feb 15, 2024 IDA-71010 Int Charges 95,220.06
Feb 15, 2024 IDA-71010 Int Charges 95,220.06
Jun 29, 2023 IDA-E0280 Loan Disb 9,585,208.00
Jun 30, 2023 IDA-E0280 Loan Disb 4,791,609.50
Jun 27, 2023 IDA-E0280 Loan Disb 83,004.39
May 2, 2022 IDA-E0280 Loan Commitment 150,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2024-12-19
Project Management Satisfactory 2024-12-19
Financial Management Satisfactory 2024-12-19
Procurement Moderately Satisfactory 2024-12-19
Monitoring and Evaluation Moderately Satisfactory 2024-12-19
Overall Implementation Progress (IP) Satisfactory 2024-12-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Additional annual revenue generated by supported MSMEsValue0.000.0030.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Additional jobs created by supported MSMEsValue0.000.0028000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Productive infrastructure investments supported by the project that apply climate resilience standardsValue0.000.0060000000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Additional annual revenue generated by supported women-owned MSMEsValue0.000.000.00
    Date
    Comment
  • Additional jobs for women created by supported MSMEsValue0.000.000.00
    Date
    Comment
  • Supported MSMEs generating additional annual revenueValue0.000.0015000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Supported MSMEs creating additional jobsValue0.000.0014000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Supported women-owned MSMEs generating additional annual revenueValue0.000.000.00
    Date
    Comment
  • Supported MSMEs that create additional jobs for womenValue0.000.000.00
    Date
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Beneficiaries of entrepreneurship and management support (technical and behavioral training and mentoring)Value0.000.0042750.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Beneficiaries reached with financial servicesValue0.000.0030000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Implemented reforms supporting private sector developmentValue0.000.005.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Women entrepreneurs trained/mentoredValue0.000.000.00
    Date
    Comment
  • Persons that benefited from financial servicesValue0.000.0023000.00
    DateJune 14, 2022July 25, 2022June 14, 2027
    Comment
  • Reforms including support for women entrepreneursValue0.000.000.00
    Date
    Comment
  • Firms benefiting from private sector initiativesValue0.000.001000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • New entrepreneurs trained/mentoredValue0.000.000.00
    Date
    Comment
  • Persons that benefited from financial services – FemaleValue0.000.000.00
    Date
    Comment
  • Existing SMEs trained/mentoredValue0.000.000.00
    Date
    Comment
  • Businesses that benefited from financial servicesValue0.000.005000.00
    DateJune 14, 2022July 25, 2022June 14, 2027
    Comment
  • Women-owned MSMEs benefitting from private sector initiatives (SME Centers)Value0.000.000.00
    Date
    Comment
  • Number of MSMEs supported with grantsValue0.000.0013250.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Guaranteed loans disbursed to MSMEs with support of the Partial Portfolio Credit Guarantee fundValue0.000.0066000000.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Public agencies offer new/improved programs and services to support entrepreneurs, MSMEs and private investors in the DRCValue0.000.008.00
    DateApril 29, 2022July 25, 2022September 30, 2027
    Comment
  • Women entrepreneurs supported with grantsValue0.000.000.00
    Date
    Comment
  • Guaranteed loans disbursed to women-owned MSMEsValue0.000.000.00
    Date
    Comment
  • Remaining available PPCGF endowmentValue0.000.0085.00
    DateApril 29, 2027July 25, 2022September 30, 2027
    Comment
  • New formal MSMEs established with grant supportValue0.000.000.00
    Date
    Comment
  • Existing SMEs that implemented technology upgrading activities using matching grant supportValue0.000.000.00
    Date
    Comment