Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) PE Sierra Rural Development Project (P079165) LATIN AMERICA AND CARIBBEAN | Peru | Agriculture Global Practice | IBRD/IDA | Specific Investment Loan | FY 2007 | Seq No: 20 | ARCHIVED on 21-Dec-2016 | ISR25950 | Implementing Agencies: AGRORURAL, Ministerio de Economia y Finanzas Key Dates Key Project Dates Bank Approval Date:24-Apr-2007 Effectiveness Date:09-Jul-2008 Planned Mid Term Review Date:05-Dec-2010 Actual Mid-Term Review Date:05-Dec-2010 Original Closing Date:31-Dec-2012 Revised Closing Date:31-Mar-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project objective is to improve the assets and economic conditions of approximately 53,600 rural families in the selected areasof Apurimac, Ayacucho, Huancavelica, Junin, Huanuco, and Pasco, and strengthen government capacity to implement an integrated Sierradevelopment strategy. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured)PHRPDODEL The objective of the Project is to assist the Borrower in improving the assets and economic conditions of rural families in selected areas of the Borrower’s Apurímac, Ayacucho, Huancavelica, Junín, Huánuco and Pasco regions. Components Name C1: Rural Businesses:(Cost $15.61 M) C2: Territorial Development:(Cost $13.58 M) C3: Project Management:(Cost $5.74 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Substantial  Moderate 12/21/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) Implementation Status and Key Decisions This ISR reflects the status of implementation of the PE Sierra Rural Development Project (P079165) as of Dec 2, 2016. The report has been prepared based on the implementation support mission conducted Oct 17-25, 2016, and updated reporting of PDO indicators on Dec 2. During the mission, field visits were carried out to 3 beneficiary organizations/communities, in the department of Apurimac. The field visits also included meetings with local stakeholders. Project implementation continues to progress rapidly since the last supervision mission. The progress towards the achievement of intermediary indicators continues to be very impressive—most of which have been exceeded. The project has approved a total of 674 Business Plans and 563 Territorial Development Plans. The project has in place an effective system for monitoring progress. The six municipal plans have been elaborated and the team is progressing on their systematization for further dissemination. The firm that will undertake the systematization of the project’s experience/emerging lessons has been hired, terms of reference for the external final evaluation of the project have been prepared and non-objection already provided by the Bank. Risks Systematic Operations Risk-rating Tool 12/21/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Moderate  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Moderate  Moderate Other  --  Moderate  Moderate Overall  --  Substantial  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Increase in net volume of sales of families participating in Rural Business subprojects (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 42.00 -- 47.00 20.00 Date 31-Dec-2013 31-Mar-2016 02-Dec-2016 31-Mar-2017 Comments The percentage reflects aggregates for 27 percent of the business plans supported by the project. This indicator was amended during preparation of the AF from value to volume. The reporting percentage is expressed in volume. The gathering and consolidation of information will continue until finalization. PHINDPDOTBL  Value of principal productive assets of 75% of beneficiaries increased by 30% (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 44.00 -- 39.00 30.00 Date 31-Dec-2013 31-Mar-2016 02-Dec-2016 31-Mar-2017 Comments This indicator is reported for 21.5 percent of the total territorial development plans funded by the project, that have already been finalized.The gathering and consolidation of information will continue until finalization. 12/21/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) PHINDPDOTBL  At EOP, at least 80 percent of subprojects have an index value of objectives achievement over 70 percent (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 80.00 Date 31-Dec-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 Comments This indicator is not yet reported. Figures have been gathered for 70 plans and are being input in the system and are not yet available. The gathering and consolidation of information continuous until finalization. Overall Comments This indicator applies to BPs and TDPs to be supported by the project, therefore, the baseline is "cero". The gathering and consolidation of information for this indicator has been initiated but it is not yet available, first reporting for 70 plans is expected by Dec 6. Intermediate Results Indicators PHINDIRITBL  At least 70 percent of rural business completed are operational two years after their completion date (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 82.00 70.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 Comments The system indicates that baseline data is not provided; basically the baseline is 'cero', as this applies only to BPs that were supported under Aliados I and is reported during implementation of Aliados 2. 12/21/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) PHINDIRITBL  At least 1174 business plans implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 620.00 1,294.00 1,294.00 1,174.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 30-Jun-2016 PHINDIRITBL  Rural business plans originally supported under the OL receive additional support under the AF (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 123.00 123.00 140.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 53,600.00 84,343.00 85,662.00 85,200.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 PHINDIRITBL  of which from Rural Businesses (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 18,600.00 31,275.00 31,454.00 35,200.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 12/21/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) PHINDIRITBL  of which from community/territorial development (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 35,000.00 44,342.00 54,208.00 50,000.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 PHINDIRITBL  Of which females (for Aliados II) (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 32,340.00 34,000.00 PHINDIRITBL  Percent of rural business subprojects (BPs and TDPs) that accomplish their disbursement and investment plans according to the timeline establishedin their plans (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 60.00 Date 30-Jun-2013 -- 25-Oct-2016 31-Mar-2017 PHINDIRITBL  of which Rural Businesses (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 60.00 Date 30-Jun-2013 -- 25-Oct-2016 31-Mar-2017 12/21/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) PHINDIRITBL  Of which Community/Territorial development (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 PHINDIRITBL  At least 1250 community development subprojects implemented, benefiting at least 35,000 families.(875A+375AII) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 875.00 1,438.00 1,438.00 1,250.00 Date 30-Jun-2013 31-Mar-2016 25-Oct-2016 31-Mar-2017 Overall Comments Some end Targets in the indicators were adjusted according to PAD. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P079165 IBRD-74430 Closed USD 20.00 19.83 0.17 19.83 0.00 100% P079165 IBRD-82460 Effective USD 20.00 20.00 0.00 20.00 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P079165 IBRD-74430 Closed 24-Apr-2007 26-May-2008 09-Jul-2008 31-Dec-2012 30-Jun-2013 P079165 IBRD-82460 Effective 02-Apr-2013 04-Oct-2013 20-Dec-2013 30-Jun-2016 31-Mar-2017 Cumulative Disbursements 12/21/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report PE Sierra Rural Development Project (P079165) Restructuring History Level Approved on 30-Oct-2012 ,Level 2 Approved on 28-Jun-2016 Related Project(s) P127801-PE AF Sierra Rural Development Project 12/21/2016 Page 8 of 8 Public Disclosure Copy