The World Bank Report No: ISR16161 Implementation Status & Results Lao People's Democratic Republic Lao PDR - Small and Medium Enterprise Access to Finance Project (P131201) Public Disclosure Copy Operation Name: Lao PDR - Small and Medium Enterprise Access to Finance Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 13-Oct-2014 Project (P131201) Country: Lao People's Democratic Republic Approval FY: 2014 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Department of SME Promotion Key Dates Board Approval Date 09-Jun-2014 Original Closing Date 30-Jun-2019 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 15-Sep-2014 Revised Closing Date 30-Jun-2019 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) This project aims at providing long-term funding sources for banks to provide long-term credit to SMEs. The project will support the growth of privately-owned SMEs by increasing the supply of long-term finance provided by commercial banks and by strengthening the capability of the Department for Small and Medium Enterprise Promotion (DOSMEP) to formulate and implement public policies that promote access to finance for SMEs. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost 1. Line of Credit to Commercial Banks to Support SME Loans 12.00 2. Risk-sharing facility 3.00 3. Techical assistance 5.00 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Substantial Implementation Status Overview This is a new project. It was approved by the Board of the World Bank on June 9, 2014 and became effective on September 15, 2014. Locations Page 1 of 4 The World Bank Report No: ISR16161 No Location data has been entered Results Public Disclosure Copy Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Volume of Bank Support: Lines of Credit - SME Amount(USD) Value 0.00 12000000.00 Date 30-Sep-2014 03-Sep-2018 Comments Loans disbursed to SMEs by PFIs using the line of credit. Outstanding SME Loan Portfolio Amount(USD) Value 0.00 30000000.00 Date 30-Sep-2014 07-Sep-2018 Comments Amount of loans granted to SMEs by PFIs in the risk sharing facility. Percentage of project-supported institutions Percentage Value 0.00 100.00 that are reporting on this indicator Sub Type Supplemental SME Masterplan Text Value 0 1 Date 30-Sep-2014 07-Sep-2018 Comments Increase in Sales by beneficiarySMEs Percentage Value 0.00 30.00 Date 30-Sep-2014 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Direct project beneficiaries Number Value 0.00 200.00 Public Disclosure Copy Date 30-Sep-2014 07-Sep-2018 Comments Number of SMEs receiving loans from banks participating in the line of credit Female beneficiaries Percentage Value 0.00 20.00 Sub Type Supplemental Direct project beneficiaries Number Value 0.00 400.00 Page 2 of 4 The World Bank Report No: ISR16161 Date 30-Sep-2014 07-Sep-2018 Comments Number of SMEs receiving loans from commercial banks Public Disclosure Copy participating in the risk sharing facility Female beneficiaries Percentage Value 0.00 20.00 Sub Type Supplemental Performance of SME loans (NPLs) Percentage Value 0.00 5.00 Date 30-Sep-2014 07-Sep-2018 Comments Percent of loans classified as Percent of loans classified as NPLs NPLs Formulation of new SME Development Text Value 0 1 Masterplan (2016-2020) Date 30-Sep-2014 29-Sep-2017 Comments Number of DOSMEP Staff receiving training Number Value 0.00 30.00 Date 30-Sep-2014 29-Sep-2017 Comments Number of SMEs benefiting from Technical Number Value 0.00 70.00 Assistance Date 30-Sep-2014 07-Sep-2018 Comments Formulation of SME Census Plan and Text Value 0 1 Methodology Date 30-Sep-2014 07-Sep-2018 Comments Data on Financial Performance (as of 30-Sep-2014) Financial Agreement(s) Key Dates Public Disclosure Copy Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P131201 IDA-54710 Effective 09-Jun-2014 14-Aug-2014 15-Sep-2014 30-Jun-2019 30-Jun-2019 P131201 IDA-H9580 Effective 09-Jun-2014 14-Aug-2014 15-Sep-2014 30-Jun-2019 30-Jun-2019 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P131201 IDA-54710 Effective XDR 6.50 6.50 0.00 0.00 6.50 0.00 P131201 IDA-H9580 Effective XDR 6.50 6.50 0.00 0.00 6.50 0.00 Page 3 of 4 The World Bank Report No: ISR16161 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation The Project became effective on September 15, 2014. Over the coming months, the Department of SME Promotion (DOSMEP) will launch the project. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4