IFC Latin America and Caribbean MSME Finance Program Monitoring and Evaluation

This is an IFC initiative launched in July 2007 to support access to financial services for Micro, Small and Medium Enterprises (MSME) in Latin America and the Caribbean through the parallel provision of investment and advisory services in partner financial institutions.

Over a period of six years, IFC anticipates investing in and providing technical assistance to approximately 60 financial institutions in the region to build and strengthen their services to MSMEs. During the full project cycle, it is expected that the program will reach over 1 million micro and small businesses with over US$3 billion in financing. The participating financial institutions comprise domestic and regionally-owned banks and non-bank financial institutions such as microfinance institutions, leasing companies and finance companies.

Coffey International Development’s team is tasked with:

• the establishment of a benchmarking and results measurement framework, including assistance in assessing the viability of conducting experimental evaluations with participating institutions and random review of project supervision reports
• a program level review at the mid-point of program implementation, including the appropriateness, sustainability and cost effectiveness of interventions
• assessment of the performance of participating financial institutions, including before and after evaluations of individual projects
• assessment of improvements at the level of MSME sub-borrowers, if some participating institutions are willing to take part in experimental evaluations.

To date we have undertaken four Before Evaluations and we are about to commence a quasi-experimental evaluation of impact on end-users in Peru.

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