The World Bank Report No: ISR13505 Implementation Status & Results Peru PE Sierra Rural Development Project (P079165) Public Disclosure Copy Operation Name: PE Sierra Rural Development Project (P079165) Project Stage: Implementation Seq.No: 15 Status: ARCHIVED Archive Date: 08-Feb-2014 Country: Peru Approval FY: 2007 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 24-Apr-2007 Original Closing Date 31-Dec-2012 Planned Mid Term Review Date 05-Dec-2010 Last Archived ISR Date 09-Jul-2013 Effectiveness Date 09-Jul-2008 Revised Closing Date 30-Jun-2016 Actual Mid Term Review Date 05-Dec-2010 Project Development Objectives Project Development Objective (from Project Appraisal Document) 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. Has the Project Development Objective been changed since Board Approval of the Project? ● Yes No Component(s) Component Name Component Cost C1: Rural Businesses 15.61 C2: Territorial Development 13.58 C3: Project Management 5.74 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Highly Satisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview The Original Loan closed on June 30, 2013 and the Additional Financing, became effective on December 20, 2013. Nonetheless, the scaled-up project is not ready for implementation because the original team has been separated and procedures to recruit a new one have not started yet. Locations Page 1 of 5 The World Bank Report No: ISR13505 Country First Administrative Division Location Planned Actual Peru Not Entered Departamento de Huánuco Public Disclosure Copy Peru Not Entered Departamento de Cajamarca Peru Not Entered Departamento de Puno Peru Not Entered Departamento de Pasco Peru Not Entered Departamento de Junín Peru Not Entered Departamento de Huancavelica Peru Not Entered Departamento de Ayacucho Peru Not Entered Departamento de Apurímac Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in net value of sales of families Percentage Value 42.00 20.00 participating in Rural Business subprojects Date 31-Dec-2013 31-Dec-2013 30-Jun-2016 Comments Baseline based on the This is a new indicator, added Original Project (final with the AF. evaluation completed in 12/2013) Value of principal productive assets of 75% of Text Value 44.00 30 beneficiaries increased by 30% Date 31-Dec-2013 31-Dec-2013 30-Jun-2016 Comments Baseline based on the This is a new indicator, added Original Project (final with the AF. evaluation completed in Public Disclosure Copy 12/2013) At EOP, at least 80 percent of subprojects Percentage Value 0.00 80.00 80.00 have an index value of objectives achievement Date 31-Dec-2013 30-Jun-2016 over 70 percent Comments based on the final evaluation of the Original Project . Intermediate Results Indicators Page 2 of 5 The World Bank Report No: ISR13505 Indicator Name Core Unit of Measure Baseline Current End Target At least 75 percent of rural business completed Percentage Value are operational two years after their completion Date 30-Jun-2016 Public Disclosure Copy date Comments At least 1174 business plans implemented Text Value 0 1174 Date 30-Oct-2007 31-Dec-2013 30-Jun-2016 Comments Rural business plans originally supported Number Value 0.00 140.00 under the OL receive additional support under Date 01-Jul-2013 30-Jun-2016 the AF Comments This is a new indicator and can only be assessed when the AF is effective. Direct project beneficiaries Number Value 53600.00 52500.00 85200.00 Date 30-Jun-2013 30-Jun-2013 30-Jun-2016 Comments Beneficiary families There are no additional beneficiaries yet Female beneficiaries Percentage Value 10600.00 10600.00 17400.00 Sub Type Supplemental of which from Rural Businesses Number Value 18600.00 35200.00 Sub Type Date 30-Jun-2016 Breakdown Comments of which from community/territorial Number Value 35000.00 50000.00 development Sub Type Date 30-Jun-2016 Breakdown Comments Percent of rural business subprojects that Percentage Value 0.00 60.00 accomplish their disbursement and investment Date 30-Jun-2016 Public Disclosure Copy plans according to the timeline establishedin Comments New indicator their plans of which Rural Businesses Percentage Value 0.00 60.00 Sub Type Date 30-Jun-2016 Breakdown Comments new indicator Of which Community/Territorial development Percentage Value 0.00 60.00 Sub Type Date 30-Oct-2007 30-Jun-2016 Breakdown Comments Page 3 of 5 The World Bank Report No: ISR13505 At least 875 community development Text Value 864 864 1250 subprojects implemented, benefiting at least Date 30-Jun-2013 31-Dec-2013 30-Jun-2016 35,000 families. Comments Edited value Public Disclosure Copy Data on Financial Performance (as of 17-Jan-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised 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 30-Jun-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P079165 IBRD-74430 Closed USD 20.00 19.83 0.17 19.83 0.00 100.00 P079165 IBRD-82460 Effective USD 20.00 20.00 0.00 0.00 20.00 0.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation The project team has to be recruited based on a competitive process. Page 4 of 5 The World Bank Report No: ISR13505 Restructuring History Level two Approved on 30-Oct-2012 Public Disclosure Copy Related Projects P127801-PE AF Sierra Rural Development Project Public Disclosure Copy Page 5 of 5