The World Bank Report No: ISR10742 Implementation Status & Results Tunisia MNA Micro, Small and Medium Enterprise Financing Facility (P124341) Public Disclosure Copy Operation Name: MNA Micro, Small and Medium Enterprise Financing Facility Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 05-Aug-2013 (P124341) Country: Tunisia Approval FY: 2012 Product Line: IBRD/IDA Region: MIDDLE EAST AND NORTH AFRICA Lending Instrument: Adaptable Program Loan Implementing Agency(ies): Key Dates Board Approval Date 14-Jul-2011 Original Closing Date 31-Jan-2017 Planned Mid Term Review Date 30-Jun-2014 Last Archived ISR Date 18-Mar-2013 Effectiveness Date 04-Apr-2012 Revised Closing Date 31-Jan-2017 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to improve access to finance for micro, small and medium enterprises in Tunisia, including through enabling creditworthy MSMEs to maintain access to credit. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Financing (Line of Credit) 49.87 Financing (Line of Credit) 49.87 MSME Facility 0.00 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating High High Implementation Status Overview The Project was approved by the Board on July 14, 2011. Signing of the legal agreements took place on September 7. The Borrower satisfied the conditions of effectiveness April 5, 2012. Locations Page 1 of 4 The World Bank Report No: ISR10742 No Location data has been entered Results Public Disclosure Copy Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in total no. of MSME loans in PFI Percentage Value 0.00 14.20 10.00 portfolios Date 30-Jun-2012 31-Dec-2012 31-Jan-2017 Comments Temporary data - pending PIU external auditors clearance Increase in the total volume of outstanding Percentage Value 0.00 9.20 20.00 MSME portfolio of PFIs Date 30-Jun-2012 31-Dec-2012 Comments Temporary data - pending PIU external auditors clearance Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target No. of MSME loans financed by the Line of Number Value 0.00 54.00 250.00 Credit Date 31-Dec-2012 31-Jan-2017 Comments Volume of MSME loans financed by the Line of Amount(USD) Value 0.00 8.60 50.00 Credit Date 31-Dec-2012 31-Jan-2017 Comments In US$ million In US$ million Volume of financing from the Line of Credit to Amount(USD) Value 0.00 19.62 50.00 PFIs Date 31-Dec-2012 31-Jan-2017 Comments In US$ million In US$ million Public Disclosure Copy No. of participating PFIs Number Value 0.00 4.00 4.00 Date 15-Apr-2012 31-Dec-2012 31-Jan-2017 Comments As of December 2012, 9 PFIs signed a loan agreement with the Ministry of Finance. 4 did actually used the facility (5 as of Feb 2013). In February, the Minister of Finance sent a letter to the 4 PFIs which do not utilize to tell them their Page 2 of 4 The World Bank Report No: ISR10742 loan agreement will be canceled by end-March if not drawn down. No. of active MSME loan accounts in PFIs Number Value 40107.00 41929.00 9200.00 Public Disclosure Copy Date 31-Dec-2012 31-Jan-2017 Comments Due to a change in the Temporary data - pending number of potential PFIs, this clearance from the PIE's indicator has been re- external auditors computerized by the PIE. Volume of outstanding MSME loans in PFIs Amount(USD) Value 2.46 2.60 1.65 Date 31-Dec-2012 31-Jan-2017 Comments In US$ billion. Due to a Temporary data - pending In US$ billion change in the number of clearance from the PIE's potential PFIs, this indicator external auditors has been re-computerized by the PIE. Portfolio at Risk >90 days for MSMEs Percentage Value 22.00 22.00 (weighted by asset size) Date 31-Dec-2012 Comments Due to a change in the Temporary data - pending Same or better than baseline number of potential PFIs, this clearance from the PIE's indicator has been re- external auditors computerized by the PIE. ROA of PFIs Percentage Value 1.20 1.00 Date 31-Dec-2012 Comments The decrease of the ROA is Same or better than baseline due to the ongoing economic downturn. Percentage of women employees in beneficiary Percentage Value 7.00 MSMEs Sub Type Supplemental Public Disclosure Copy Data on Financial Performance (as of 20-Mar-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P124341 IBRD-80810 Effective 14-Jul-2011 07-Sep-2011 04-Apr-2012 31-Jan-2017 31-Jan-2017 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Page 3 of 4 The World Bank Report No: ISR10742 P124341 IBRD-80810 Effective USD 50.00 50.00 0.00 39.77 6.02 80.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation Document can be disclosed Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4