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.
