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Rural Enterprise Credit Project in Thailand (Loan 1540-THA)

Rural Enterprise Credit Project in Thailand (Loan 1540-THA)

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01/10/2014

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ASIAN DEVELOPMENT BANK
 
PPA: THA 31058
Operations Evaluation Department
(Final)
 
PROJECT PERFORMANCE AUDIT REPORTON THERURAL ENTERPRISE CREDIT PROJECT(Loan 1540-THA)INTHAILAND
October 2004
 
 
CURRENCY EQUIVALENTS
Currency Unit – baht (B)
At Appraisal At Project Completion At Operations Evaluation
(July 1997) (September 2001) (November 2003)B1.00 = $0.0316 $0.0226 $0.0249$1.00 = B31.56 B44.17 B40.12
ABBREVIATIONS
 ADB Asian Development BankBAAC Bank for Agriculture and Agricultural CooperativesDMP Debt Moratorium ProgramEIRR economic internal rate of returnFIRR financial internal rate of returnGTZ German Agency for Technical CooperationOEM Operations Evaluation MissionPCR project completion reportPPAR project performance audit reportRECP Rural Enterprise Credit ProjectSFCP Small Farmer Credit ProjectTA – technical assistance
NOTES
(i) The fiscal year (FY) of the Bank for Agriculture and Agricultural Cooperatives ends on 31 March. FY before acalendar year denotes the year in which the fiscal year ends.(ii) In this report, "$" refers to US dollars.Director General, Operations Evaluation Department : Eisuke SuzukiDirector, Operations Evaluation Division 1 : Graham Walter Evaluation Team Leader : Susan D. Tamondong
Operations Evaluation Department, PE-649
 
 
 
CONTENTSPage
BASIC DATA iiiEXECUTIVE SUMMARY ivMAP viiI. BACKGROUND 1 A. Rationale 1B. Formulation 1C. Objectives and Scope 2D. Cost, Financing, and Executing Agency Arrangements 2E. Implementation 3F. Completion and Self-Evaluation 3G. Debt Moratorium Program 3H. Operations Evaluation 4II. PLANNING AND IMPLEMENTATION PERFORMANCE 5 A. Effectiveness and Relevance of Design 5B. Achievement of Outputs 6C. Cost and Scheduling of the Project 7D. Organization and Management 7III. ACHIEVEMENT OF PROJECT PURPOSE 7 A. Operational Performance 7B. Performance of the Operating Entity 9C. Summary of Borrowers’ Illustrative Cases 9D. Performance of the TA 11IV. ACHIEVEMENT OF OTHER DEVELOPMENT IMPACTS 12 A. Impact of the Debt Moratorium Program 12B. Development and Social Impacts 13V. OVERALL ASSESSMENT 13 A. Relevance 13B. Efficacy 14C. Efficiency 14D. Sustainability 14E. Institutional Development and Other Impacts 14F. Overall Project Rating 14G. Assessment of ADB and Borrower Performance 15VI. ISSUES, LESSONS, AND FOLLOW-UP ACTIONS 15 A. Lessons Learned 15B. Follow-Up Actions 15Susan D. Tamondong, evaluation specialist (team leader) was responsible for preparing thisreport. Agnes Anabo, evaluation officer, and Maria Victoria de la Cruz supported the study inManila.

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