Colombia - Third Small Scale Industry Project

D_oom of The World Bank FOR OFFICIAL USE ONLY Report No. 6469 PROJECT COMPLETION REPORT COLOMBIA THIRD SMALL-SCALE INDUSTRY PROJECT (CFP) (LOAN 1834-CO) October 31, 1986 Industrial Development and Finance Division 2 Latin A.merica and Caribbean Regional Office This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  ACRONYNS ACOPI - Asociacion Colombiana Popular de Industriales (Colombian Association of Small Manufacturers) BR - Banco de la Republica (Colombia's Central Bank) CAJA - Caja de Credito Agrario Industrial y Minero (Agricultural, Industrial and Mining Bank) CYP - Corporacion Financiera Popular COLCIENCIAS - Fondo Colombiano de Investigaciones Cientificos y Proyectos Especiales F"I - Fondo Financiero Industrial (Industrial Financing Fuad) FICITEC - Fundacion para el Fomento de la Investigacion Cientifica y Tecnologica (Foundation for Development of Scientific and Technological Research) FIP - Fondo de Inversiones Privadas (Private Investment Fund) IDB - Inter-American Development Bank IFI - Instituto de Fomento Industrial (Industrial Development Institute) INCOLDA - Instituto Colombiano de Administracion (Colombian Institute of Administration) PROEXPO - F.ndo de Promocion de Exportaciones (Export Promotion (Fund) SENA - Servicio Nacional de Aprendizaje (National Vocational Training Organization) SNI - Small- and Medium-scale Industry SSI - Small-scale Industry UNDP - United Nations Development Programme IUNIDO - United Nations Industrial Development Organization  MO OVICIA un ONLY THE WORLD BANK Washnton, DC 20433 U.S.A. Olhte n D""Itm.Cau Opviw Ivlutite October 31, 1986 MEMORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECT: Project Completion Report on Colombia - Third Small-Scale Industry Project (CFP) (Loan 1834-CO) Attached, for information, is a copy of a report entitled "Project Completion Report on Colombia - Third Small-Scale Industry Project (Loan 1834-CO)" prepared by the Latin America and Caribbean Regional Office. Further evaluation of this project by the Operations Evaluation Department has not been made. Attachment This document has a restricted distribution and may be used by recipients only in the performance of their official duties Its contents may not otherwise be disclosed without World Bank authorization.  FOR OMCIAL US ONLY PROJECT COJPLEION REPORT COLOMDA - THIRD BRL-CALE INDUSTY PROJE? (C>) (LOAN 1834-CO) TABLE OF CONTENTS Page No. Preface ................. ...........i Basic Data Sheet ............. ii Highlights .............,.,,.,.,,. iv I. INTRODUCTION ..................see.I1 II. PREPARATION AND APPRAISAL OBJECTIVES ......... 3 Loan Preparation ....... 3 Appraisal Objectives ..................... 4 III. UTILIZATION OF LOAN PROCEEDS ................ 5 Resource Transfer 5 Characteristics of Lending........ 6 Impact of Subprojects 8 Current Status of Selected Subprojects 10 IV. INSTITUTIONAL DEVELOPMENT .................. See....,.s 10 Management, Staffing a.id Organization ...............10 Systems and Procedures 12 Resources ....... . .13 Interest Rates ........... 14 V. OPERATIONAL AND FINANCIAL PERFORMANCE ... ...e15 Operations o ..... 15 Financial Position and Results 17 Portfolio Quality .... ........ ... 18 Administrative Costs 19 Technical Assistance 20 VI. CONCLUSIONS ....ee. .. ...... .. 21 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  2AN 0 CONYU"B (Oootinnod) Lrs! O0 AIENZ Paa. No. I Manufacturing Performance Indicators ...... ............. 24 2 Projected and Actual Cumulative Disbursements ..... ..... 25 3 Characteristics of Subprojects Financed under Loan 1834-CO ................................... 26 4 Sources and Uses of Funds for Subprojects Financed under Loan 1834-CO .......................... 27 5 Average Subproject Impact .............................. 28 6 Employment Generation and Its Cost in an Average Sub-Borrower ......... 29 7 Sales and Productivity Growth in an Average Sub-Borrower 30 8 Current Status of Selected Subprojects Financed under Loan