Financing micro, small, and medium enterprises : an independent evaluation of IFC's experience with financial intermediaries in frontier countries (Record no. 11622)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 05880nam a2200169Ia 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9780821374177 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 338.91 |
| Item number | W.B. |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | World Bank, Washington D.C. |
| 245 ## - TITLE STATEMENT | |
| Title | Financing micro, small, and medium enterprises : an independent evaluation of IFC's experience with financial intermediaries in frontier countries |
| Medium | Book |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Washington, D.C. |
| Name of publisher, distributor, etc | International Finance Co. & World Bank |
| Date of publication, distribution, etc | 2008 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | xlv,85p. |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE | |
| Title | Independent evaluation group |
| 9 (RLIN) | 67245 |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | CONTENTS<br/>vii Abbreviations<br/>ix Definitions of Evaluation Terms<br/>xi Acknowledgments<br/>xiii Foreword<br/>xv Avant-propos<br/>xvii Prologo<br/>xix Executive Summary<br/>xxv Resume analytique i<br/>xxxiii Resumen<br/>xxxix IFC Management Response to IEG-IFC<br/>xliii Chairperson's Summary: Committee on Development Effectiveness (CODE)<br/>1 1 Study Objective, Report Organization, and Methodology<br/>3 Key Evaluative Questions<br/>3 Evaluation Scope, Methodology, and Study Limitations<br/>7 2 IFC Support of MSMEs in Frontier Countries, FY94-FY06<br/>9 Supporting MSMEs Is Pivotal for Private Sector Development<br/>9 Paradigm Shift Helped IFC's Entry and Current Major Role in Global Microfinance<br/>11 IFC Strategic Priorities: MSME Supportand a Focus on Frontier Countries<br/>12 MSME-FI Operations in Frontier Countries Are Consistent with Strategic Priorities<br/>13 Project Design Parameters for Commercially Oriented MFIs<br/>14 Different Types of Financial Entities Used to Support Microenterprises<br/>15 Introduction of MFI Holding Company Structure<br/>16 IFC's Recent (Not Operationally Mature) MFI Projects<br/>18 IFC Support Involves a Combination of Financing and Advisory Services<br/>21 3 Evaluation of the MFI Projects<br/>23 MFIs Maintain High-Quality Loan Portfolios and Many Clients 26 MFIs Achieved Early Profitability<br/>28 Foreign Currency Loans Are Crucial for MFIs but Have Consequences<br/>29 Successful Development Outcome Ratings for High Percentage of Projects<br/>29 Savings Services for Poor Households and Small Businesses<br/>30 The Need to Transition Out of Donor Dependency<br/>30 IFC Equity Investment Returns in MFIs<br/>32 Regions with Better Development and IFC Equity Outcomes<br/>33 Seven Major Factors Contributed to High Development-Outcome Success Rates<br/>33 IFC's Role and Contribution<br/>37 4 Evaluation of the SME-FI Projects<br/>39 SME-FI Borrower Base and Returns on Equity<br/>39 SME-FI Development Outcome Success Rate<br/>42 Savings Services for Households and Businesses, and Credit for SMEs<br/>43 IFC's Investment Outcome Success Rate in the SME-FIs<br/>43 Performance of IFC Equity Investments in the SME-FIs<br/>44 Regional SME-FI Success Rates<br/>44 Advisory Services Contributed to Success<br/>45 Six Major Factors Drive the Development Outcome Success Rate<br/>45 IFC Work Quality and Contribution Played Major Roles<br/>47 5 EHS Performance of Projects in the Evaluated Populations<br/>49 EHS Requirements for MSME-FIs and Their Subprojects<br/>50 EHS Compliance Requirements and Rates<br/>50 MSME-FI Subprojects Achieved Higher EHS Compliance Rates<br/>51 EHS Appraisal Work and Supervision<br/>52 Subprojects with Medium Risk in IFC's EHS Framework<br/>52 Developing the Use of Local EHS Consultant Capacity<br/>53 EHS Success Factors for MSMEs<br/>53 New EHS Inititatives to Improve Supervision<br/>55 6 Main Findings and Recommendations<br/>57 Evaluation Findings and Conclusions<br/>59 Findings and Conclusions Specific to MFIs<br/>60 Findings and Conclusions Specific to SME-FIs<br/>60 Recommendations<br/>63 Appendixes<br/>65 A: List of Frontier Countries<br/>69 B: Evaluation Ratings of MSME-FI Projects<br/>71 C: lEG's Evaluation Methodology and Guidelines for Project Performance Ratings<br/>75 D: Indicators Used for Evaluating the Development Outcomes of MSME-FI<br/>Projects<br/>77 E: Brief Descriptions of MFl and SME-FI Lending Techniques<br/>79 Endnotes<br/>85 References<br/>Boxes<br/>25 3.1 Microenterprises Use Loans to Expand Business<br/>34 3.2 Success Drivers Also Apply to Public Sector MFIs<br/>42 4.1 SMEs in Frontier Countries Use Loans to Expand Business<br/>46 4.2 IEG Findings on World Bank Lines-of-Credit Operations<br/>Figures<br/>12 2.1 IFC's Annual Net Commitments to Microfinance Intermediaries, FY94-FY06<br/>13 2.2 IFC's Annual Net Commitments to SME-FIs, FY94-FY06<br/>13 2.3 Regional Distribution of IFC Net Commitments to MSME-FIs and Other Commercial Banks, FY94-FY06<br/>17 2.4 Ownership and Funding Sources for Profit-Oriented MFIs: Holding Company Structure<br/>18 2.5 Ownership and Funding Sources for Profit-Oriented MFIs; Financial<br/>Institution or NGO Sponsor Structure<br/>26 3.1 Advisory Services Funding to MFIs in the Evaluated Population<br/>41 4.1 Development and Investment Outcomes of SME-FIs, by Project Type<br/>43 4.2 Investment-Outcome Success Rate Results for SME-FIs, by Asset Size<br/>Tables<br/>5 1.1 WBG Definitions of Micro, Small, and Medium Enterprises<br/>5 1.2 Regional Distribution of SME-FIs in the Evaluated Population and Subgroup<br/>24 3.1 Financial Performance Data for MFIs in the Evaluated Population<br/>27 3.2 Returns on Invested Capital for MFIs<br/>31 3.3 Outcome Success Rates for Proj'ects in the MFI Evaluated Population<br/>32 3.4 Outcome Success Rates for Aggregate Regional SME-FI Projects<br/>40 4.1 Financial Performance Data for a Subgroup of 36 SME-FIs in the Evaluated Population<br/>41 4.2 Outcome Success Rates for Regional SME-FI Projects<br/>44 4.3 Advisory Services to SME-FIs in the Evaluated Population Improved<br/>Development Outcome Success Rates<br/>45 4.4 High IFC Appraisal Work Quality Is Another Development Outcome<br/>Success Driver<br/>51 5.1 EHS Satisfactory Ratings<br/> |
| 600 ## - SUBJECT ADDED ENTRY--PERSONAL NAME | |
| 9 (RLIN) | 67246 |
| 890 ## - Country | |
| Country | India |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Collection code | Withdrawn status | Home library | Current library | Date acquired | Cost, normal purchase price | Total Checkouts | Full call number | Barcode | Date last seen | Date last borrowed | Cost, replacement price | Price effective from | Koha item type |
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| Dewey Decimal Classification | CEPT Library | CEPT Library | 30/07/2019 | 904.00 | 1 | 338.91 W.B. | TEM551 | 10/08/2019 | 07/08/2019 | 904.00 | 02/04/2019 | Book |