Papua New Guinea: Microfinance and Employment Project

Date: December 2012
Type: Evaluation Reports
Country:
Subject:
Evaluation; Finance
Series: Validations of Project Completion Reports
Project Number: 32472-013

Description

Papua New Guinea’s financial system displayed a significant institutional gap, which could not sufficiently provide financial services to micro and small enterprises, semi-subsistence farmers, and poor households. Microfinance institutions were scattered across the country, and operated in isolation without clear business plans. Knowledge of microfinance best practices was limited, including the capability to design appropriate savings and loan products to suit clients’ needs. Institutional capacity of these microfinance institutions to sustain their operations in the near to medium-term was also limited. Given these, there was a need to introduce support measures to provide savings facilities to the poor segment of the population.

This report validates the completion report’s assessment of the project which aims to provide sustainable microfinance services to viable formal and informal enterprises of all sectors and savings services to the population of Papua New Guinea. IED overall assessment: Successful

Contents

  • Project Basic Data
  • Project Description
  • Evaluation of Performance and Ratings
  • Other Performance Assessments
  • Overall Assessment, Lessons, and Recommendations
  • Other considerations and Follow-up