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MSMEs reached
Micro, small, and medium-sized enterprises (MSMEs) reached with loans and guarantees
Definition
Number of formal and informal micro, small and medium-sized enterprises (MSMEs) that receive loans or equity from the OPEC Fund. The determination of what is considered a Micro, Small or Medium enterprise (MSMEs) is based on local/national definitions, such as those used by financial intermediaries supported, or those of co-financiers (such as the IFC), to categorize their loan portfolio according to the size of sub-borrowers or other relevant measures such as the loan size. This indicator will consider direct and indirect financing to MSMEs. MSMEs can be reached indirectly through financial intermediaries (FI), which can include financial institutions, corporations, government specialized agencies, MDBs, and NGOs. The indicator reports on the number of MSMEs served during each reporting period for the duration of the intervention. For cases where periodical flows of new clients cannot be produced, the positive difference in stock of clients for the FI’s outstanding portfolio between the date that marks the beginning of OPEC Fund’s intervention and the last date of the reporting period, will be considered as a conservative proxy. For cases in which the FI is unable to report on the number of individual client enterprises it has served, the number of credits (e.g., loans, factoring) and equity investments may be used as an estimate, adjusted for relevant factors such as likely repeat client incidence based on short tenors when applicable. Results reported by client FIs about their overall support to MSMEs will be adjusted by an attribution factor which accounts for the share of OPEC Fund’s financing to the FI’s overall long-term liabilities.
This indicator reflects the aggregate results of all projects completed in the public sector, or those that have reached Early Operation maturity in the private sector. The OFRF presents both the most recent year’s results (for the 12 months leading up to June 30th of the stated year) and three-year rolling cumulative values (for the 3 years leading up to June 30th of the stated year), to address annual data variability and provide a longer-term perspective on development results achieved.
Why it matters for the OPEC Fund
Expanding access to finance for MSMEs strengthens private sector development, supports job creation, enhances productivity, and promotes more inclusive economic growth. The OPEC Fund advances these outcomes through operations in priority areas as outlined in the Review and Update of OPEC Fund Strategic Framework 2030—specifically Private sector and Trade—by supporting financial institutions, credit facilities, and guarantee mechanisms that enable MSMEs to invest and grow. This indicator aligns with SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation, and Infrastructure) and SDG 10 (Reduced Inequality).