The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Sustainable Enterprise Project (P163250) SOUTH ASIA | Bangladesh | Environment, Natural Resources & the Blue Economy Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 12 | ARCHIVED on 14-Mar-2024 | ISR59907 | Implementing Agencies: Government of Bangladesh, Palli Karma-Sahayak Foundation (PKSF) Key Dates Key Project Dates Bank Approval Date: 29-Mar-2018 Effectiveness Date: 08-Aug-2018 Planned Mid Term Review Date: 30-Jun-2021 Actual Mid-Term Review Date: 28-Jun-2021 Original Closing Date: 30-Jun-2023 Revised Closing Date: 29-Feb-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To increase adoption of environmentally sustainable practices by Targeted Microenterprises. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Enhancing Services and Enabling Systems:(Cost $24.00 M) Strengthened Access to Finance for environmentally friendly and resilient microenterprises:(Cost $75.00 M) Project Management, Communication and Knowledge Management and Monitoring & Evaluation:(Cost $11.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Overall project implementation is supervised by a Project Management Unit within Palli Karma-Sahayak Foundation (PKSF). The progress towards achieving the Project Development Objective (PDO) “to increase the adoption of environmentally sustainable practices by targeted microenterprises” is on track. As of September 2023, Sustainable Enterprise Project had introduced environmentally sustainable practices in 30 priority sub-sectors/clusters, 25 of which were also provided with common services that target microenterprises (MEs') productivity. Beyond the cumulative target of 40,000 MEs by the 5th Year, 65,124 MEs (among which 84% are female) had signed loan agreements with Partner Organizations under the project. 3/14/2024 Page 1 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Substantial Moderate Moderate Other -- -- -- Overall Substantial Moderate Moderate Results PDO Indicators by Objectives / Outcomes To increase the adoption of environmentally sustainable practices by targeted microenterprises IN01401721 ►Microenterprises targeted by the project that have adopted at least one environmentally sustainable practice (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 32,850.00 48,845.00 20,000.00 Date 21-Dec-2017 23-Jun-2023 16-Feb-2024 29-Feb-2024 IN01401722 ►Share of target beneficiaries with a rating of “satisfactory” or above on project interventions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 55.00 65.50 60.00 Date 21-Dec-2017 23-Jun-2023 16-Feb-2024 29-Feb-2024 The results retrieved from the draft report of final evaluation of SEP. Comments: IN01401723 3/14/2024 Page 2 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) disaggregated by sex (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 57.00 65.00 30.00 IN01401724 ►Targeted micro-enterprises that continue the adopted environmentally sustainable practice (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 69.72 95.00 40.00 Date 21-Dec-2017 23-Jun-2023 16-Feb-2024 29-Feb-2024 The results retrieved from the draft report of final evaluation of SEP. Comments: IN01401725 disaggregate by sex of ME owner (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 71.00 94.60 30.00 Intermediate Results Indicators by Components Enhancing Services and Enabling Systems IN01401726 ►Micro enterprise clusters provided with common services (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 21.00 25.00 25.00 Date 21-Dec-2017 23-Jun-2023 16-Feb-2024 29-Feb-2024 Due to Covid-19 related delays, implementation was delayed, and PKSF has developed a workplan to Comments: complete including an agreed extension of the project closing. IN01401728 ►Share of targeted microenterprises provided with capacity-building support to adopt environmental sustainable practices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 17.00 71.00 70.00 Date 21-Dec-2017 14-Sep-2021 16-Feb-2024 29-Feb-2024 IN01401730 of which female-owned enterprises (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.00 45.00 30.00 3/14/2024 Page 3 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Date 21-Dec-2017 14-Sep-2021 16-Feb-2024 29-Feb-2024 Strengthened Access to Finance for environmentally friendly and resilient microenterprises IN01401727 ►Microenterprises that sign loan agreements with PKSF under the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 20,187.00 65,124.00 40,000.00 Date 21-Dec-2017 14-Sep-2021 16-Feb-2024 29-Feb-2024 IN01401729 of which female-owned enterprises (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 82.00 84.00 30.00 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P163250 IDA-62090 Closed USD 110.00 110.00 0.00 104.82 0.07 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P163250 IDA-62090 Closed 29-Mar-2018 16-May-2018 08-Aug-2018 30-Jun-2023 29-Feb-2024 Cumulative Disbursements 3/14/2024 Page 4 of 5 The World Bank Implementation Status & Results Report Sustainable Enterprise Project (P163250) Restructuring History Level 2 Approved on 20-Mar-2023 Related Project(s) There are no related projects. 3/14/2024 Page 5 of 5