Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Third Pakistan Poverty Alleviation Fund Project (P105075) SOUTH ASIA | Pakistan | Agriculture Global Practice | IBRD/IDA | Specific Investment Loan | FY 2009 | Seq No: 16 | ARCHIVED on 08-Jul-2016 | ISR24460 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:04-Jun-2009 Effectiveness Date:09-Jul-2009 Planned Mid Term Review Date:02-Jul-2012 Actual Mid-Term Review Date:10-Sep-2012 Original Closing Date:31-Jan-2015 Revised Closing Date:31-Mar-2016 Project Development Objectives Project Development Objective (from Project Appraisal Document) Targeted poor are empowered with increased incomes, improved capacity and access to services to achieve sustainable livelihoods. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Social Mobilization and Institution Building:(Cost $38.50 M) Livelihood Enhancement and Protection:(Cost $85.50 M) Micro-credit Access:(Cost $40.00 M) Basic services and infrastructure:(Cost $80.00 M) Project implementation support:(Cost $6.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Low  Low 7/8/2016 Page 1 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Implementation Status and Key Decisions Overall project progress and implementation speed. The project successfully disbursed 100% of project funds including US$5 million due to exchange rate gain between SDR and US$. As of March 31, 2016, PPAF most of project targets in terms of outputs and outcomes have been met or exceeded. Progress towards achieving the PDO: Progress on the PDO indicators is satisfactory. As of March 31 2016, 88% percent of community organizations are viable and sustainable (PAD Target: 60 percent). According to an assessment of outcomes from PPAF micro-financing Phase-4 (2013), community institution members have seen a 29 percent increase in average personal income and a 22 percent increase in average household income. An external user/beneficiary assessment survey (2014) of 2,000 households shows an average increase of 21 percent in household income of community members. In the Sindh Coastal Areas Development (SCAD) program area, an external impact assessment in 2014 shows a 19 percent increase in average household income in treatment groups compared to control groups. Finally, an internal study using a 100 percent census of 4 Union Councils (one from each province) shows that 26 percent of households that were in lowest three categories of the Poverty Score Card (PSC) moved to upper PSC levels. For the final indicator, 33% of targeted community groups/institutions report improved access to municipal/local services (PAD target: 33 percent). Targeting, inclusion, deepening, and saturation. Throughout the project period, PPAF-III was intended to focus on priority Union Councils (UCs) based on poverty levels and human development index scores and to follow a deepening and saturation strategy to take advantage of synergies created between the PPAF operational units. PPAF has gradually reduced its presence in non-priority UCs. Currently 94% of PPAF‐III initiatives are being implemented in priority UCs. Women make up 64% of 1st tier, 32% of 2nd tier and 27% of 3rd tier organizations. The SCAD program has been piloting more inclusive community institutions, and a recent SCAD Impact Assessment shows that 55 percent of the targeted poor and 74 percent of poorest households belong to community organizations against the PAD target of 60 percent. Exit strategy to ensure sustainability after project closure. Project savings have been reallocated to the project components with a focus on activities that will contribute to sustainability. As agreed with the Bank, PPAF has been focusing on (a) building capacities of institutions for managing their own development, access to services through improved linkages with the local government, other development programs and private sector for sustainable service delivery into the existing and previous PPAF-III portfolio; (b) institutional strengthening around economic sectors by creating specific community resourse persons; and (c) upscaling, expansion and revival of economic activities through value added initiatives formulated and tailored on the basis of the needs of its communities. Component Progress: 1. Social Mobilization and Institution Building: Progress on this component is satisfactory with 55 percent of targeted poor and 74 percent of poorest households mobilized into community organizations (COs) against a PAD target of 60 percent. PPAF has exceeded its target of 30 percent inclusion of women with 64 percent of all Community Organization (CO) members being women. 69 percent of COs clustered into Village Organizations (VO) and 80 percent of these clustered at Union Council level (PAD: 60 & 25 respectively). Currently, 88% percent of community organizations are performing satisfactorily in terms of effectiveness, transparency and accountability (PAD target: 55 percent). Disbursement under this component is at 100%. All component output targets have been achieved. 2. Livelihoods, Employment and Enterprise Development: Progress on this component is satisfactory. According to recent impact assessments, 97% of skills training recipients are using the acquired skills productively and 93% of the respondents said that skills trainings were helpful in increasing their income; 94% of the productive assets recipients are using them productively; and 116 Community Institutions (CIs) are productively using an amount of PKR 366 million as Community Llivelihood Fund (CLF). 50% of the federated organizations (Common Interest Groups - CIGs) have created effective linkages with market and private sector (against a target of 20%). A total of 44,198 females received training against a target of 39,878 with an achievement rate of 111%. Of total funds allocated to the component, 100% have been disbursed from PPAF to POs. 3. Microcredit Access: Progress on this component is satisfactory. The spinning off of Microfinance Unit into a separate entity - a wholesale microfinance organization, Pakistan Microfinance Compnay is at a very advanced stage. The Board of Directors have been formed and the recrutiment of the new CEO has been completed. The new company will become functional in early FY17. The funds available for on-lending have been successfully disbursed and utilized. PPAF's microfinance increased its market penetration to 14.75 percent in PPAF-III districts (PAD: 8.8 percent), with 379,284 new borrowers (PAD target: 230,000). It has maintained an annual growth rate of 20 percent or more in 10 of the 37 project districts. The repayment rate from borrowers to POs is 97 percent and from POs to PPAF is 100 percent (PAD: 95 percent and 98 percent, respectively). A total of US$91,201,882 were on-lending funds were disbured aginst the target of US$ 33,000,000 with an overall increase of 267%. 67 percent of loans have gone to women against the target of 25%. All output targets have been achieved. 4. Basic Services and Infrastructure: Progress on this component is satisfactory. 4a.Sub-component:4b. Water and Infrastructure: Progress on intermediate outcome indicators has improved considerably with 47% communities benefitting from infrastructure interventions (PAD, 50%), and 24% (against a target of 30%) having accessed other sources of funding for infrastructure and local services. 50% of the beneficiaries of infrastructure interventions are women (against a target of 40%). All output targets in the PAD have been achieved. A total of 6,225 schemes were completed against a target of 4,934, with an achievement rate of 126%. All funds have been disbursed and utilized. 4b.Sub-component: Health and Education: Intermediate Outcome Indicators have been achieved with regard to female participation and beneficiary satisfaction. Against a target of 60%, 93% of the respondents of a sampled survey reported satisfaction with PPAF supported education facilities while 79% of the Households (HHs) reported an improvement in the quality of their lives as a direct result of PPAF supported health interventions. Net enrollment growth rate of 7.5% per annum is being maintained over the project period. Output targets for the construction of physical infrastructure were over-achieved, and almost all physical infrastructure has been handed over. The target for school facilities constructed or renovated was overachieved by 267% and the target for number of children benefitting from schools was overachieved by 367%. A total of 504 health centers constructed, renovated and/or equipped against a target of 280 with an increase rate of 180%. The total number of beneficiaries from health centers increased by 561% and a total of 12,581,564 beneficiaries benefitted against a target of 2,242,187. 7/8/2016 Page 2 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Project Implementation Support: Most of the analysis and evaluations have been completed. Borrower's ICR report has been completed. PPAF is yet to share the report with the Bank. Financial closing is underway. Key Decisions: 1. A total of 2,322 Institutional Community Resource Persons (CRPs) have been trained to support the formation, operations, and sustainability of community organizations formed under PPAF-III. These CRPs form the main foundation of PPAF’s sustainability strategy for PPAF III, but are operating on a voluntary basis with no financial incentives. Therefore, it is very important to assess the viability and success of these CRPs as key drivers of sustainability for the project. 2. A large chunk of PPAF-III financing has gone into infrastructure interventions and though PPAF has achieved all the targets, they now need to focus on demonstrating that these infrastructure schemes will be successfully maintained by communities that they have been handed over to and a complete list of infrastructure investments formally communicated to local and provincial governments. 7/8/2016 Page 3 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) 7/8/2016 Page 4 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Low  Low Fiduciary  --  Low  Low Environment and Social  --  Low  Low Stakeholders  --  Low  Low Other  --  Low  Low Overall  --  Low  Low 7/8/2016 Page 5 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Results Project Development Objective Indicators PHINDPDOTBL  Improved access to municipal and local services (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 33.00 33.00 33.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDPDOTBL  Household incomes and/or assets (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 23.00 23.00 20.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDPDOTBL  60% of community institutions are viable and sustainable. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 59.00 60.00 60.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 Overall Comments Intermediate Results Indicators 7/8/2016 Page 6 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Beneficiaries of Labor Market programs (number) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 388750.00 397273.00 -- Date 01-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Beneficiaries of Labor Market programs - Wage subsidies programs (number) (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 57641.00 57641.00 -- Date 01-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Beneficiaries of Labor Market programs - Training and re-training (number) (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 388750.00 397273.00 -- Date 01-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Beneficiaries of Labor Market programs - Female (number) (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 123590.00 1822321.00 -- Date 01-Jul-2009 30-Sep-2014 31-Mar-2015 -- 7/8/2016 Page 7 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Beneficiaries of Labor Market programs - Supporting entrepreneurship (number) (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 179149.00 179149.00 -- Date 01-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  At least 50% of the livelihoods grant recipients are women. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- 47.00 50.00 Date -- -- 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 70% of those who have received skills training; and/or Community Livelihood Fund (CLF); and/or assets - are using them productively. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- -- 70.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Communities involved in CLF revolve savings with at least 95% repayment rates., (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 95.00 95.00 95.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 8 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  At least 50% of the new livelihood platforms formed have developed productive linkages with market, input/service supplier, service/product buyer, or technology provider - measured in terms of at leas (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- -- -- 50.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 20% of federated organizations report effective linkages with markets and private sector built. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 50.00 50.00 20.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 60% of the targeted households where Livelihoods, Employment, and Enterprise Development (LEED) programming/ investment has taken place have developed livelihood plans and mobilized other res (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 60.00 60.00 60.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  People with access to a basic package of health, nutrition, or reproductive health services (number) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 4574814.00 12581564.00 12581564.00 -- Date 30-Jun-2011 30-Sep-2015 31-Mar-2016 -- 7/8/2016 Page 9 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Financial Self-Sufficiency (Percentage, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 114.00 114.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 -- PHINDIRITBL  Portfolio at Risk - Microfinance (Percentage, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.84 1.75 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 -- 7/8/2016 Page 10 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  No of active loan accounts -Microfinance (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 142968.00 74358.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 -- PHINDIRITBL  Outstanding Microfinance Loan Portfolio (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 24206788.00 14631220.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Percentage of project-supported institutions that are reporting on this indicator (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 -- 7/8/2016 Page 11 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Volume of Bank Support: Enabling Environment - Microfinance (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 33000000.00 33000000.00 -- Date 07-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Volume of Bank Support: Institutional Development - Microfinance (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7000000.00 7000000.00 -- Date 09-Jan-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Roads rehabilitated, Rural (Kilometers, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 37.00 37.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Improved community water points constructed or rehabilitated under the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2074.00 2079.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- 7/8/2016 Page 12 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Number of people in rural areas provided with access to Improved Water Sources under the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 705628.00 707850.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Water users provided with new/improved irrigation and drainage services (number) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1238050.00 1240515.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Water users provided with irrigation and drainage services - female (number) (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 622517.00 623732.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  People provided with access to "improved sanitation facilities” under the proj. (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 418769.00 419579.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- 7/8/2016 Page 13 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  People provided with access to “improved sanitation facilities”- rural (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 418769.00 419579.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Participants in consultation activities during project implementation (number) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 357111.00 381060.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Participants in consultation activities during project implementation - female (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 178556.00 186719.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Volume of Bank Support: Lines of Credit - Microfinance (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 33000000.00 33000000.00 33000000.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 14 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  % active micro-savings accounts held by women (Percentage, Core) Baseline Actual (Previous) Actual (Current) End Target Value 20.00 78.00 78.00 25.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  School facilities constructed or renovated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 896.00 896.00 336.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Health facilities constructed, renovated, and/or equipped (number) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 504.00 504.00 280.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Roads constructed, Rural (Kilometers, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 458.00 465.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- 7/8/2016 Page 15 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Community contribution in the total project costs (percentage) (Percentage, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19.00 20.00 -- Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 -- PHINDIRITBL  Total community contribution (US$) (Amount(USD), Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9126777.00 9148582.00 -- PHINDIRITBL  At least 60% of targeted poor are members of community organizations. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 45.00 55.00 55.00 60.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 60% of Poorest households who are members of community organizations. (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 45.00 74.00 74.00 60.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 16 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  At least 30% of all CO members are women. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 40.00 64.00 68.00 30.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 60% of COs clustered into Village Level Organizations (VO) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 69.00 69.00 60.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 25% of VOs clustered at UC Level. (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value -- 47.00 80.00 25.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 55% of Community Institutions are performing satisfactorily in terms of effectiveness, transparency and accountability. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 59.00 59.00 55.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 17 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Microfinance outreach increased from 6% to 8.80% in PPAF-III districts (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6.00 12.24 14.75 8.80 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  230,000 new borrowers in PPAF-III districts (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 359887.00 379284.00 230000.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 25% of all micro-credit loans received by women in PPAF-III targeted districts (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 20.00 78.00 76.00 25.00 PHINDIRITBL A minimum annual growth rate of 20% in microcredit loans maintained in one-fourth of PPAF-III served areas (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 20.00 20.00 20.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 18 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  Average repayments of micro-credit loans to POs at least 95% (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 95.00 96.80 96.80 95.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Average repayments of micro-credit loans from POs to PPAF at least 98% (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value -- 100.00 100.00 98.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Institutional review of PPAF microfinance portfolio, management and governance structure completed and made operational by end of project (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target As of 21 September, 2015; the Minister of Finance has agreed in As of March 31, 2016, principle to establish the preparatory work for PMIC.PPAF in the Pakistan coordination with the Microfinance Investment A new spinoff shareholders & Company, has been entity for Value -- consultants is currently almost completed. The Microfinance in the process of taking formation of the Board of created and necessary actions in Directors is underway. functional. order to complete all PMIC would be legal and procedural operational in early formalities for the FY17 formation of the new entity. Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 7/8/2016 Page 19 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  At least 50% of COs are benefiting from improved infrastructure (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 47.00 42.00 50.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  30% of COs have accessed other sources of funding for infrastructure/local services; (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value -- 33.00 24.00 30.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Minimum ERR of 20% and FRR of 25% of investment in water and infrastructure (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 26.00 -- -- 20.00 Date 09-Jul-2009 -- 31-Mar-2016 31-Mar-2016 PHINDIRITBL  Minimum FRR of 25% of investment in water and infrastructure (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 -- -- 25.00 Date 09-Jul-2009 -- 31-Mar-2016 31-Mar-2016 7/8/2016 Page 20 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) PHINDIRITBL  At least 60% of the beneficiaries report satisfaction with the PPAF supported health and education facilities (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 86.00 86.00 60.00 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  4.4: Net enrollment growth rate of 7.5% per annum maintained over the project period (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 7.50 7.50 7.50 Date -- 30-Sep-2015 31-Mar-2016 31-Mar-2016 PHINDIRITBL  At least 40% of beneficiaries of infrastructure, health and education interventions are women (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 54.00 55.00 55.00 40.00 Date 09-Jul-2009 30-Sep-2015 31-Mar-2016 31-Mar-2016 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P105075 IDA-45990 Closed XDR 167.20 167.20 0.00 167.20 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P105075 IDA-45990 Closed 04-Jun-2009 09-Jun-2009 09-Jul-2009 31-Jan-2015 31-Mar-2016 7/8/2016 Page 21 of 22 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Third Pakistan Poverty Alleviation Fund Project (P105075) Cumulative Disbursements Restructuring History Level 2 Approved on 12-Aug-2014 ,Level 2 Approved on 13-Mar-2015 ,Level 2 Approved on 30-Sep-2015 Related Project(s) There are no related projects. 7/8/2016 Page 22 of 22 Public Disclosure Copy