Annex 1: Results Framework and Monitoring MOROCCO: Microfinance Development Project Results Framework Project Development Objective (PDO): The project objective is to promote access to finance to low income households and micro and small enterprises through the promotion of a sustainable and inclusive microfinance sector. Responsibility Description Data Source/ Cumulative Target Values** Frequency for Data (indicator Unit of Methodology Baseline PDO Level Results Indicators* Collection definition etc.) Measure (Dec 2012) Core YR 1 YR 2 YR3 YR4 adults (and Percent 0 (0) 2% (2%) 5% (5%) 10% (11%) 12% (15%) Bi-annually BAM PMU (MoEF) Access to formal Indicator One: % of increase financial inclusion women) with an account at a (percent is a core indicators formal financial institution, female in of relative including low income brackets) financial inclusion households levels in a given country Indicator Two: Outstanding USD mn 550 560 570 580 590 BAM PMU (MoEF) Volume of Microfinance Loan Portfolio outstanding (4’589’185 MAD) microloans Indicator Three: Number of Number 804,000 830,000 900,000 1,000,000 1,100,000 BAM PMU (MoEF) This indicator includes loan active loan accounts - accounts held by Microfinance low-income households, microenterprises and small firms. Indicator Four: Portfolio at Risk Percent 6.7% -- 6.6% 6.5% 6.4% BAM PMU (MoEF) - Microfinance
Annex 1: Results Framework and Monitoring MOROCCO: Microfinance Development Project Results Framework Project Development Objective (PDO): The project objective is to promote access to finance to low income households and micro and small enterprises through the promotion of a sustainable and inclusive microfinance sector. PDO Level Results Indicators* Core Unit of Measure Baseline (Dec 2012) Cumulative Target Values** Frequency Data Source/ Methodology Responsibility for Data Collection Description (indicator definition etc.) YR 1 YR 2 YR3 YR4 Indicator One: % of adults (and women) with an account at a formal financial institution, including low income households Percent increase (percent female in brackets) 0 (0) 2% (2%) 5% (5%) 10% (11%) 12% (15%) Bi-annually BAM PMU (MoEF) Access to formal financial inclusion is a core indicators of relative financial inclusion levels in a given country Indicator Two: Outstanding Microfinance Loan Portfolio USD mn 550 (4’589’185 MAD) 560 570 580 590 BAM PMU (MoEF) Volume of outstanding microloans Indicator Three: Number of active loan accounts - Microfinance Number 804,000 830,000 900,000 1,000,000 1,100,000 BAM PMU (MoEF) This indicator includes loan accounts held by low-income households, microenterprises and small firms. Indicator Four: Portfolio at Risk - Microfinance Percent 6.7% -- 6.6% 6.5% 6.4% BAM PMU (MoEF)
755220PAD0P144000Final0PAD0June026.docx