The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) Ethiopia Women Entrepreneurship Development Project (P122764) AFRICA EAST | Ethiopia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2012 | Seq No: 18 | ARCHIVED on 08-Jun-2021 | ISR46816 | Implementing Agencies: Ministry of Finance, Development Bank of Ethiopia (DBE), Federal Urban Job Creation and Food Security Agency (FUJCFSA) Key Dates Key Project Dates Bank Approval Date: 24-May-2012 Effectiveness Date: 05-Oct-2012 Planned Mid Term Review Date: 30-Sep-2015 Actual Mid-Term Review Date: 12-Oct-2015 Original Closing Date: 31-Dec-2017 Revised Closing Date: 31-Dec-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective of the WEDP is to increase the earnings and employment of MSEs owned or partly owned by the participating female entrepreneurs in the targeted cities. This will be achieved by: i) tailoring financial instruments to the needs of the participants and ensuring availability of finance; and ii) developing the entrepreneurial and technical skills of the target group and supporting cluster, technology and product development for their businesses. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Access to Microfinance:(Cost $270.70 M) Component 2: Entrepreneurial skills, Technology and Cluster Development.:(Cost $9.10 M) Component 3: Project Management, Advocacy and Outreach, Monitoring Evaluation and Impact Evaluation.:(Cost $3.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Highly Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Additional Financing (AF): WEDP AF became effective in March 2021. The WEDP Credit Facility Agreement and Operations Manual are updated to reflect new additional financing activities and project implementation arrangements. The World Bank issued a 'No Objection' to these updated project governance documents, allowing for disbursement in existing WEDP cities. Planned activities: All planned activities identified during the last ISR were completed during this period, including the approval of additional funding and extension of WEDP through December 2024. Additionally, European Investment Bank (EIB) technical assistance to WEDP PFIs has launched and the Italian grant to support WEDP Components 2 and 3 has been approved. All the planned activities are progressing well and implementation 6/8/2021 Page 1 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) is expected to pick up soon. The results indicators reflect a very strong parent project performance, and the team expects to update these indicators as the AF implementation starts. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- High High Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Moderate Moderate Environment and Social -- Moderate Moderate Stakeholders -- Moderate Moderate Other -- Low Low Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes To increase the earnings and employment of MSEs owned or partly owned by female entrepreneurs IN00996178 ►Average numbers of full-time and part-time employees (paid and unpaid) per MSE (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.95 2.95 2.95 3.40 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996179 ►Number of hours of worked for the Micro and Small Enterprise (MSE) per week (paid and unpaid) (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/8/2021 Page 2 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) Value 275.00 275.00 275.00 316.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996180 ►Yearly average business earnings (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4,053.00 4,053.00 4,053.00 5,066.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 Intermediate Results Indicators by Components Component 1: Access to Microfinance IN00996212 ►Direct project beneficiaries (Microfinance) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 16,181.00 16,181.00 17,873.00 24,000.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996214 ►Intermediate Number of One Stop Shops (OSS), Microfinance Institutions (MFI) and Technical Vocational Education and Training (TVET) colleges reporting according to the WEDP Monitoring and Evaluation ( (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 76.00 76.00 76.00 90.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996216 ►Data collection and reporting (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 49 OSSs+12 PFIs+11 49 OSSs + 12 PFIs + 11 49 OSSs + 12 PFIs + 61 OSSs + 16 PFIs + Value TVET TVET 11 TVET 13 TVET Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996218 ►Number of PFIs that have adopted and implemented institution development plans and project-related credit technologies (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 12.00 12.00 12.00 16.00 Date 27-Nov-2020 13-Nov-2020 18-May-2021 27-Dec-2024 IN00996220 6/8/2021 Page 3 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) ►Portfolio at Risk - SME (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.00 6.00 6.00 4.30 Date 13-Nov-2020 30-Sep-2020 18-May-2021 31-Dec-2024 IN00996222 Percentage of project-supported institutions that are reporting on this indicator (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 100.00 IN00996224 ►Percentage of loan officers trained by Project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 20.00 57.00 57.00 20.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996226 ►Volume of Bank Support: Institutional Development - SME (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 3,600,000.00 3,600,000.00 3,600,000.00 3,600,000.00 Date 20-Nov-2020 30-Oct-2020 18-May-2021 31-Dec-2024 IN00996227 ►Volume of Bank Support: Lines of Credit - Microfinance (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 144,011,000.00 144,011,000.00 144,011,000.00 245,700,000.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996228 ►Number of project beneficiaries accessing the innovative finance facility (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,000.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996229 ►Number of PFIs supported with technical assistance on crisis management practices (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 16.00 6/8/2021 Page 4 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) Date 13-Nov-2020 13-Nov-2020 18-May-2021 27-Dec-2024 IN00996230 ►Number of borrowers reached with flexible financing terms (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 Component 2: Entrepreneurial skills, Technology and Cluster Development. IN00996211 ►Establish a Women Entrepreneurship Development Training Program with fully operative modules (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 11.00 11.00 11.00 11.00 Date 20-Nov-2020 30-Oct-2020 18-May-2021 31-Dec-2024 IN00996213 ►Fully staffed, trained and well-functioning OSS (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 53.00 53.00 53.00 65.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996215 ►Percentage of trainees passing the institutional end-of-training competency test at the TVET colleges (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 80.00 98.00 98.00 80.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996217 ►Direct project beneficiaries (In-Person Training) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22,158.00 22,158.00 23,755.00 32,000.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996219 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 100.00 IN00996221 6/8/2021 Page 5 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) ►Increase in General Business Knowledge (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 67.00 67.00 67.00 79.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996223 ►Direct project beneficiaries (Digital Training) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3,000.00 12,000.00 Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 IN00996225 ►Citizen Engagement Survey (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 13-Nov-2020 13-Nov-2020 18-May-2021 31-Dec-2024 Overall Comments IR *Two indicators were marked for revision under additional financing (volume of bank support: institutional development SME and establish a women entrepreneurship development training program with fully operative modules). These indicators will no longer be tracked. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122764 IDA-51120 Effective USD 50.00 50.00 0.00 47.20 0.55 99% P122764 IDA-68140 Effective USD 100.00 100.00 0.00 0.00 101.13 0% P122764 TF-16392 Closed USD 5.17 5.17 0.00 5.17 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P122764 IDA-51120 Effective 24-May-2012 12-Jun-2012 05-Oct-2012 31-Dec-2017 31-Dec-2021 6/8/2021 Page 6 of 7 The World Bank Implementation Status & Results Report Ethiopia Women Entrepreneurship Development Project (P122764) P122764 IDA-68140 Effective 10-Dec-2020 25-Dec-2020 12-Mar-2021 31-Dec-2024 31-Dec-2024 P122764 TF-16392 Closed 23-Apr-2014 23-Apr-2014 23-Apr-2014 31-Dec-2017 31-Dec-2017 Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level Approved on 09-Jun-2016 ,Level Approved on 03-May-2017 ,Level 2 Approved on 18-Jul-2017 ,Level 2 Approved on 30-Oct-2019 Related Project(s) P173160-Ethiopia Women Entrepreneurship Development Project ,P174623-ET- Women Entrepreneurship Development Project AF ,P174874- ETHIOPIA WOMEN ENTREPRENEURSHIP DEVELOPMENT PROJECT ADDITIONAL FINANCING 6/8/2021 Page 7 of 7