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Project Performance Evaluation Report on Rural Microenterprise Finance Project in the Philippines

Evaluation of ADB's Rural Microenterprise Finance Project on performance, effectiveness and impact This report is an assessment of the 'Rural Micro-enterprise Finance Project' that was implemented in the Philippines. The report commences with: * An outline of the objectives of the evaluation, * Process undertaken for the same, * The expected results of the implemented project. It further into the conceptualization and implementation of the project in the following areas: * Formulation of the project; * Rationale behind framing a project for the ultra-poor in the country; * Outlay, funding and executing arrangements; * Various changes in the project design during the life of the project; * Assessment of expected results under each of the institutional, investment and policy components; * Compliance with loan covenants and policy framework. The document presents a detailed assessment of the performance of the program on the following broad parameters: * Relevance of the project when compared with Asian Development Bank's (ADB) country strategy and the local Government's poverty targeting priorities. * Effectiveness, based on the following parameters; o Client outreach, o Savings mobilization, o Employment creation, o Income, o Institutional strengthening, o Policy reforms. * Efficiency, in terms of the project implementation infrastructure, including executing agencies, participating MFIs, reporting requirements and monitoring and evaluation. * Sustainability, demonstrated by attractive financial rates of return on the micro-enterprise, as well as the portfolio quality and the overall financial and operating self sufficiency figures. * Other assessment areas, such as the impact on the ultimate borrowers, client case studies, impact on microfinance sub-sector, ADB and borrower performance and effectiveness of the technical assistance provision of the project.


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