The World Bank Report No: ISR9865 Implementation Status & Results Mozambique AFSF - Africa - Mozambique - Banco Oportunidade - BOM (P124732) Public Disclosure Copy Operation Name: AFSF - Africa - Mozambique - Banco Oportunidade - BOM Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 21-May-2013 (P124732) Country: Mozambique Approval FY: 2012 Product Line: Recipient Executed Activities Region: AFRICA Lending Instrument: Technical Assistance Loan Implementing Agency(ies): Key Dates Board Approval Date 08-Nov-2011 Original Closing Date 30-Jun-2013 Planned Mid Term Review Date 24-Sep-2012 Last Archived ISR Date 25-May-2012 Effectiveness Date 10-Jan-2012 Revised Closing Date 31-Jul-2014 Actual Mid Term Review Date 28-Jan-2013 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the project is to assist Banco Oportunidade Mocambique (BOM) in developing and extending a full range of financialservices to the rural areas of Mozambique, including the collection of savings from, and provision of comprehensive and crop-specific agriculture loans to smallholders. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Develop New Products 0.21 Expand Access to Financial Services in Rural Areas 0.00 Project Management and Oversight 0.02 Strengthen information system and staff capacity on agriculture finance 0.20 Improve financial literacy and agriculture skills in rural areas 0.30 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview The project has completed the following activities in support of the development objective – Page 1 of 5 The World Bank Report No: ISR9865 - The customer needs assessment to inform the development of new products - Training of staff on financial literacy - Set up e-learning platform for staff training Public Disclosure Copy - Deploy one ATM in Maputo (as part of BOM’s financial contribution to the project) Progress on the implementation of other activities that are essential to the achievement of the project objective to date has been delayed due to procurement related challenges. Hence the mission during January 28 - February 4, 2013 focused on resolving procurement issues. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of rural depositors Number Value 31368.00 59346.00 133000.00 Date 31-Dec-2010 31-Dec-2012 31-Jul-2016 Comments Number of agricutlure finance borrowers Number Value 225.00 16500.00 9000.00 Date 31-Dec-2011 31-Dec-2012 31-Jul-2016 Comments This includes members of farmers clubs and associations benefiting from loans provided to their clubs and associations. Volume of agriclture finance portfolio Amount(USD) Value 137000.00 347000.00 9000000.00 Date 31-Dec-2011 31-Dec-2012 31-Jul-2016 Comments Agriculture Finance portfolio NPL maintained Percentage Value 4.00 5.00 4.00 Public Disclosure Copy at less than 4% Date 31-Dec-2010 31-Dec-2012 31-Jul-2016 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of new products offered to clients Number Value 0.00 2.00 Date 31-Dec-2012 31-Jul-2014 Comments Page 2 of 5 The World Bank Report No: ISR9865 Number of clients that have received financial Number Value 188.00 10000.00 literacy training Date 31-Dec-2012 31-Jul-2014 Comments Public Disclosure Copy Number of farmers trained Number Value 522.00 12000.00 Sub Type Date 31-Jul-2014 Breakdown Comments Capacity of the agriculture finance business Number Value unit improved Date Comments Number of agric operational staff trained Number Value 6.00 12.00 Sub Type Date 31-Dec-2012 31-Jul-2014 Breakdown Comments Number of loan officers and supervisors using Number Value 0.00 80.00 the e-learning modules for training at all Sub Type Date 31-Dec-2012 31-Jul-2014 branches Breakdown Comments Number of strategic Partnerships that are Number Value 5.00 8.00 operational Sub Type Date 31-Dec-2012 31-Jul-2014 Breakdown Comments Number of farmers clients mapped and profiled Number Value 260.00 4000.00 Sub Type Date 31-Dec-2012 31-Jul-2014 Breakdown Comments Additional delivery channels deployed to reach Number Value 1.00 6.00 rural areas Date 31-Dec-2012 31-Jul-2014 Comments Number of new container branches installed Number Value 0.00 1.00 and operational in a rural area Sub Type Date 31-Dec-2012 31-Jul-2014 Public Disclosure Copy Breakdown Comments Number of customers using the container Number Value 0.00 1000.00 branches Sub Type Date 31-Dec-2012 31-Jul-2014 Breakdown Comments Number of new mobile banks operational Number Value 1.00 1.00 Sub Type Date 31-Jul-2014 Breakdown Comments Number of customers using the mobile banks Number Value 0.00 Page 3 of 5 The World Bank Report No: ISR9865 Sub Type Date 31-Dec-2012 31-Jul-2014 Breakdown Comments Number of ATMs installed and operational Number Value 1.00 4.00 Public Disclosure Copy Sub Type Date 31-Dec-2012 Breakdown Comments Number of customers using debit cards Number Value 10000.00 Sub Type Date Breakdown Comments Number of agri loan clients with debit cards Number Value 2000.00 Sub Type Date Breakdown Comments Data on Financial Performance (as of 07-May-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P124732 TF-11099 Effective 04-Jan-2012 10-Jan-2012 10-Jan-2012 30-Jun-2013 31-Jul-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P124732 TF-11099 Effective USD 0.76 0.75 0.00 0.56 0.19 75.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR9865 Public Disclosure Copy Key Decisions Regarding Implementation In the next six months, the project will focus on : 1. Launching products 2. Procuring product marketing materials and commence promotional campaign 2. Procuring financial literacy campaign materials 3. Developing financial literacy roll out plan 4. Developing staff e-learning curriculum focused on agriculture 5. Finalizing MIS modification 6. Undertake value chain assessment and related client training 7. Commence mapping and profiling of clients 5. Deploy additional delivery channels Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Page 5 of 5