MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 11 

MICROENTERPRISE 

RESULTS REPORTING 

ANNUAL REPORT TO CONGRESS, FISCAL YEAR 2011 

JUNE 2012 
The cover photo depicts women harvesting tomatoes at the Sarin Greenhouse in Timor Leste. The Sarin 

Greenhouse is a USAID partner through USAID’s Developing Agricultural Communities (DAC) project. 

Photo courtesy of DAI
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 i 

CONTENTS

Contents ........................................................................................................................................... i 

Tables and Graphs .......................................................................................................................... ii

Acronyms ....................................................................................................................................... iii

Introduction .....................................................................................................................................1

Reporting Requirements 1 and 2: Overall & Central Funding ........................................................2

Reporting Requirement 3: Development Credit Authority .............................................................2

Reporting Requirement 4: USAID Funding Recipients..................................................................2

Reporting Requirement 5: Matching Assistance .............................................................................5

Reporting Requirement 6: Funds Benefiting the Very Poor ...........................................................5

Reporting Requirement 7: Number of Very Poor Reached.............................................................6

Reporting Requirement 8: Poverty Assessment Tools ....................................................................6

Reporting Requirement 9: Victims of Trafficking and Exploitation ..............................................6

Reporting Requirement 10: Poverty and Race/Ethnicity................................................................7

Reporting Requirement 11: Performance Monitoring System .........................................................7

Reporting Requirement 12: Additional Information .......................................................................7

Annex A: MRAA Reporting Requirements......................................................................................9

Annex B: FY 2011 Funding by Bureau, Mission and Partner ........................................................10

Annex C: FY 2011 USAID Credit Guarantees related to Microfinance .........................................14
ii MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

TABLES AND GRAPHS

Graph 1: Microenterprise-Related Technical Activity Types, FY 2011 .......................................................... 1

Table 1: Recipients of USAID Funding for Microenterprise, FY 2011 .......................................................... 3

Table 2: Estimated Cost per Microenterprise Participant by Technical Activity Type ................................ 4

Table 3: Estimated Cost per Microenterprise Participant by Technical Activity Cluster ............................. 5

Table 4: Performance Goals And Results Estimates, FY 2011 ....................................................................... 7
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 iii 

ACRONYMS

DCA Development Credit Authority 

E3 Bureau for Economic Growth, Education and the Environment 

FVP Funds Benefiting the Very Poor 

FY Fiscal Year 

KDMD Knowledge-Driven Microenterprise Development Project

MFI Microfinance Institution 

MPEP Office of Microenterprise & Private Enterprise Promotion 

MRAA Microenterprise Results and Accountability Act of 2004 

MRR Microenterprise Results Reporting 

MSED Micro and Small Enterprise Development 

NGO Non-Governmental Organization 

PAT Poverty Assessment Tool 

PPP Purchasing Power Parity 

PVO Private Voluntary Organization 

RDM/A Regional Development Mission/Asia 

SME Small and Medium Enterprise 

USAID United States Agency for International Development 

MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 1 

INTRODUCTION

This report fulfills the requirement of the Microenterprise Results and Accountability Act (MRAA) of 2004 

(Public Law 108-484) that directs the Administrator of the U.S. Agency for International Development 

(USAID), acting through the Director of the Office of Microenterprise Development, to “submit to the 

appropriate congressional committees a report that contains a detailed description of the implementation of 

this title for the previous fiscal year.” Specifically, this report summarizes USAID’s investments and reach in 

microfinance and microenterprise development, addressing the 12 reporting requirements included in the 

MRAA - summarized in table form in Annex A. 1

The goal of USAID’S microenterprise program is to widen access to microfinance, markets and resources for 

the poor in developing countries which they need to compete in an increasingly globalized economy. To do 

so, USAID engages in a number of technical activities including Rural and Agricultural Value Chain 

Development, Non-Agricultural Value Chain Development,2 SME services3, Economic Strengthening4, 

Enabling Environment5

, Microfinance6, and Mobile Financial Services7. 

GRAPH 1: MICROENTERPRISE-RELATED TECHNICAL ACTIVITY TYPES, FY 2011 

 

1 MRR obtained funding data through a survey of 92 USAID Missions and Offices, with a response rate of 91 percent. MRR obtained 

results data through survey of 230 active projects, with a response rate of 81 percent. Of the 230 projects surveyed, 185 reported, with 

132 providing data on the specific technical activity types of their projects.

2 Value Chain Development involves interventions along a business and service continuum often in specific sectors to improve 

production and efficiency. In Rural and Agricultural Value Chain Development, USAID works with actors in agricultural value chains, 

including smallholder farmers organized into agricultural cooperatives and associations. 

3 SME Services involves support to small and medium enterprises including business development services and SME finance. 

4 Economic Strengthening activities work with vulnerable populations to facilitate sustainable pathways out of poverty, promoting a 

transition from meeting basic needs towards economic self-reliance. 

5 Enabling Environment activities promote appropriate laws, policies, regulations, and supervisory and administrative practices to 

expand access to financial services for low-income people or improve the business environment in which microenterprises operate. 

6 Microfinance includes the provision of financial services adapted to the needs of low-income people, especially small loans, 

facilities for small savings deposits, and simple payments services needed by microentrepreneurs and other poor people. 

7 Mobile Financial Services includes the provision of financial services using mobile technologies such as branchless banking, ewallets, government payments, and transfers.

Enabling 

Environment

Economic

Strengthening

Rural and Agricultural 

Value Chain 

Development

Microfinance

NonAgricultural

Value Chain 

Development

SME 

Services

Mobile 

Financial 

Services
2 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

Nearly all USAID microenterprise programs provide a combination of technical activity types. For example, 

many programs combine Rural and Agricultural Value Chain Development along with Economic 

Strengthening. Some combine SME services with Enabling Environment efforts. Nearly half of all programs 

surveyed include Microfinance as an element of their program. 

As can be seen from Graph 1, in Fiscal Year 2011 Rural and Agricultural Value Chain Development was the 

most prominent Technical Activity Type, included in 80 percent of the reported programs. This is followed 

by Economic Strengthening activities, which targets the very poor in nearly two-thirds of reporting programs, 

while Microfinance was a component in nearly one-half of all reporting programs. Efforts to improve the 

Enabling Environment were pursued by approximately one-quarter of all microenterprise programs, typically 

operating alongside other technical activity types, and were commonly coupled with Value Chain 

Development, Microfinance and/or SME development. Likewise, SME services were often combined with 

Value Chain Development activities (17 programs). Mobile Financial Services is a relatively new technical 

activity type, and was reported by only four percent of projects (four programs) considered in this analysis. 

REPORTING REQUIREMENTS 1 AND 2: OVERALL & CENTRAL FUNDING

In FY 2011, USAID provided $286 million in microenterprise development assistance through 127 new and 

existing agreements, including grants, cooperative agreements, and contracts with 79 prime-level 

implementing partners in 50 countries. Of these funds, $8.1 million was obligated through 

USAID/Washington central mechanisms (which does not include local currency generated through Public 

Law 480 food aid8

 monetization, but are included in mission and partner summary data). Annex B details 

each country receiving FY 2011 funds, the amount of each award, and implementing partners. 

REPORTING REQUIREMENT 3: DEVELOPMENT CREDIT AUTHORITY

Since 1999, USAID’s Office of Development Credit, now the Development Credit Authority (DCA), has 

enabled USAID Missions to expand the capital base for microfinance by providing partial loan guarantees 

rather than grants. Such guarantees have supported mainstream financial institutions, such as commercial 

banks, to lend to MFIs and thus enable the MFIs to expand their portfolios by mitigating a portion of real 

and/or perceived risk of lending to these entities. 

USAID’s active microfinance credit guarantees leverage up to $528 million in private sector credit to MFIs 

and microenterprises. Those issued through 2010 leveraged up to $504 million in private sector credit to 

MFIs and microenterprises. In 2011, 10 new guarantees were issued, which if fully utilized could leverage $24 

million in private sector credit. Active guarantees by the DCA are summarized in Annex C. 

REPORTING REQUIREMENT 4: USAID FUNDING RECIPIENTS

In an effort to provide support to microenterprise development initiatives worldwide, USAID uses a variety 

of assistance mechanisms and implementing partners. The MRAA requires USAID to report on the funding 

provided through * these mechanisms, both directly to its partners and through sub-awards to recipients. 

Table 1 summarizes USAID microenterprise funding by partner type in FY 2011, and summarizes funding 

through contracts for each partner type. Of the $286.0 million obligated for microenterprise programming in 

 

8 Public Law-480 and local currency funds are appropriated through USDA and managed by USAID. 
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 3 

FY 2011, 48 percent ($137.7 million) was obligated to implementing partners through contracts. The 

remaining 52 percent was obligated through non-contract mechanisms (cooperative agreements and grants). 

In FY 2011, non-profit partners were the direct recipients of 51 percent ($145.8 million) of total obligated 

funding. Together, funds to non-profit partners and other entities (government agencies, research and 

educational organizations, and business associations) represent 56 percent of all obligated microenterprise 

funding in FY 2011. 

In FY 2011, consulting firms were the direct recipients of 42 percent ($120.4 million) of total obligated 

microenterprise funding, with other for-profits (banks, non-bank financial institutions, finance companies, 

and other for-profit institutions) receiving 2 percent (or $6.1 million). Together, for-profit entities received 44 

percent of FY 2011 obligated funding for microenterprise. 

TABLE 1: RECIPIENTS OF USAID FUNDING FOR MICROENTERPRISE, FY 2011 

Partner Type Total Funding

(U.S. $ millions)

Percentage of 

Total Allocated 

Funding

Funding through 

Contracts

Consulting Firms $120.4 42% $108.0 

Other For-Profits $6.1 2% $3.3 

Consulting Firms and Other For-Profits $126.5 44% $111.3 

Non-Profits $145.8 51% $22.4 

Other Entities $13.8 5% $4.0 

Non-Profits and Other Entities $159.6 56% $26.4 

TOTAL $286.0 100% $137.7 

SUB-OBLIGATIONS 

Funding for sub-recipients is an important indication of USAID’s ability to involve local partners in USAID’s 

microenterprise development efforts. In FY 2011, approximately $105.0 million was sub-obligated to 527 

institutions. Of this amount, $22.5 million was sub-awarded in the form of Grants under Contracts. Through 

this type of mechanism, for-profit contractors extend grants to other entities—most often local, in-country 

partners. 

It should be noted that the sub-recipient funding reported by USAID’s partners does not originate entirely 

from FY 2011 USAID obligations, as funds are disbursed and expended by partners on a timeline that often 

differs from USAID’s fiscal year obligations. Therefore, some of these funds may have come from previous 

fiscal year obligations.

COST-EFFECTIVENESS AND SUSTAINABILITY 

The MRAA calls for an analysis of the comparative cost-effectiveness and sustainability of projects carried 

out under various funding mechanisms (specifically contracts, grants, and cooperative agreements). 

One important measure of the cost-effectiveness and sustainability of microenterprise programming is the 

sustainability of partner institutions in implementing microfinance programs. Of those USAID-supported 

MFIs who reported sustainability measures for FY 2011, 93 percent were operationally self-sustaining9

, and 

 

9 Operational sustainability measures the degree to which an institution generates sufficient revenue from operations to cover all of 

its operating costs, including loan losses and the costs of capital. Financial sustainability measures the degree to which an 

institution’s revenues from operations cover all of its operating costs, including loan losses and the costs of capital - calculated at 

market rates, adjusted for the effects of inflation and subsidies.
4 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

91 percent attained the more demanding goal of full financial sustainability. Financial Sustainability results did 

not vary in any significant way across implementing mechanism types (contracts, grants, and cooperative 

agreements). 

When considering cost per microenterprise participant, out of the overall 107 projects which provided 

information on borrowers, savers, microenterprises or total number of employees, the average cost per 

participant10 is $85. There was no consistent trend in the cost-effectiveness of projects carried out under 

contracts versus grants or cooperative agreements. In the future, data will be collected at the level of the 

activity or service to better isolate differences, if any exist, that can be attributed to agreement type. 

The analysis of cost per microenterprise participant did vary significantly according to the Technical Activity 

Type and the combination of activities in any single program. To ascertain cost per microenterprise 

participant, the analysis clustered programs into one of seven groups, each representing a different mix of 

Technical Activity Type(s). First, we considered programs which pursued a single technical activity type. Of 

the total, only twenty projects pursued a single technical activity type. 

TABLE 2: ESTIMATED COST PER MICROENTERPRISE PARTICIPANT BY TECHNICAL 

ACTIVITY TYPE

Technical Activity 

Type

Number of 

projects 

considered 

Funds attributed to 

microenterpriserelated 

programming (in 

millions)

Number of 

Microenterprise 

Participants 

Reported

Cost per 

Microenterprise 

Participant 

Microfinance 7 $72.3 1,869,468 $39

Economic 

Strengthening 

4 $9.8 46,753 $209

Rural and Agricultural 

Value Chain 

Development 

9 $17.6 105,988 $166

We then defined four program cluster areas: Rural Clusters (typically grouping Rural and Agricultural Value 

Chain Development, Economic Strengthening and possibly another Activity Type), SME Clusters (often 

combining SME Services, Non-Agricultural Value Chain Development and Enabling Environment), and 

Mobile Clusters (often combining Mobile Financial Services and Microfinance). Cost per participant of 

these clusters varied somewhat significantly, with the Mobile Cluster averaging $8 per microenterprise 

participant and the SME Cluster averaging $2,888 per microenterprise participant. Multi-sector Clusters are 

those programs that include all or nearly all of the Activity Types. Fourteen programs demonstrated this 

highly diversified strategy. Cost per microenterprise participant for these programs was $108 which is 

substantially below $162 cost per participant for the total “Other” programs that fell outside the defined 

clusters. 

 

10 This cost-effectiveness analysis is based on funds reported to MRR by USAID Missions for FY 2011, which include projectobligated funds to support microenterprise-related activities in the given fiscal year. The participant-level data is based on FY 2011 

microenterprise related results reported to MRR by USAID’s implementing partners identified by USAID Missions in their funding 

reporting. Cost per participant is calculated by dividing the sum of funding obligations reported to MRR (for all active years per 

project included in a given cluster) by the total numbers of participants reported in a given cluster - which includes microenterprise 

owners, microenterprise employees, savers and borrowers. There may be some double-counting of participants, but on the basis of a 

review of responses from implementing partners, it seems that in nearly all instances the beneficiaries participating in savings 

programs are different than the beneficiaries participating in lending programs. In its current microfinance partnerships, USAID 

funding is typically used to support operating expenses, though it is possible in some instances for a program to source loan capital 

with USAID funding. Such an approach was more common previously when USAID funds were used to capitalize start-up MFIs. 
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 5 

This approach to cost-effectiveness analysis indicated different average costs and number of beneficiaries for 

the different Technical Activity Type Clusters. Not surprisingly, the SME programs, which averaged 120

microenterprise participants per program, were far costlier per participant to execute than microfinance 

programs, which averaged more than 265,000 microenterprise participants per program, while mobile 

financial services averaging more than 90,000 microenterprise participants per program have the lowest per 

participant cost. Future work in this area will focus on value of the benefit from these services – in which 

case we can begin to assess cost-effectiveness of different activities clusters’ services more fully. 

TABLE 3: ESTIMATED COST PER MICROENTERPRISE PARTICIPANT BY TECHNICAL 

ACTIVITY CLUSTER 

Technical Activity 

Cluster

Number of 

projects 

considered 

Funds attributed to 

microenterpriserelated 

programming (in 

millions)

Number of 

Microenterprise 

Participants 

Reported

Cost per 

Microenterprise 

Participant 

Mobile Clusters 4 $2.9 360,803 $8

Rural Clusters 32 $120.5 889,830 $135

SME Clusters 5 $1.8 607 $2,888

Multi-sector Clusters* 14 $100.9 937,657 $108

Other ** 35 $66.9 412,019 $162

* Multi-sector Clusters include combinations of five and more activity types from the following: Economic 

Strengthening, Enabling Environment, Microfinance, Mobile Finance Services, Non-Agricultural Value 

Chain Development, Rural Value Chain Development, and SME Services.

** Other includes all other combinations of activity types not already listed above.

REPORTING REQUIREMENT 5: MATCHING ASSISTANCE

This indicator measures the extent to which USAID has partnered with other entities in the leveraging of 

resources for microenterprise development. In FY 2011, $22 million of USAID microenterprise funds were 

matched by an additional $10 million from other sources such as private donations, multilateral funding, 

commercial and concessional borrowing, savings, and program income. 

REPORTING REQUIREMENT 6: FUNDS BENEFITING THE VERY POOR 

The MRAA mandates that half of all USAID microenterprise funds benefit the very poor. For purposes of 

the MRR, the very poor are defined as the poorest 50 percent of the population living below the poverty line 

established by their country’s national government, or those living on the equivalent of $1.25 per day or less 

(as calculated using the Purchasing Power Parity (PPP) exchange rate method). 

USAID employs Poverty Assessment Tools (PATs) to estimate the percentage of funds benefitting very poor 

clients. By weighting and applying this year’s reported results against the overall FY 2011 portfolio, USAID 

estimates that 38 percent of the reported funds for microenterprise benefited the very poor in FY 2011. 
6 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

REPORTING REQUIREMENT 7: NUMBER OF VERY POOR REACHED

The MRAA requires USAID to report the number of very poor clients who benefit from USAID 

microenterprise programs. The total estimated number of beneficiaries of USAID microenterprise 

programming reported in FY 2011 was 4,624,927 (including savers, borrowers, microenterprise owners and 

employees). By multiplying the 38 percent share of funds found to be benefiting the very poor through PAT 

findings by the total number of beneficiaries, 4,624,927, USAID estimates that approximately 1,757,472 very 

poor people benefited from USAID funding for microenterprise in FY 2011. 

REPORTING REQUIREMENT 8: POVERTY ASSESSMENT TOOLS

The MRAA instructs USAID to develop and certify “low-cost methods” for assessing the poverty status of 

microenterprise beneficiaries, and to require its microenterprise implementing partners to use those tools to 

measure and report the share of their beneficiaries who are very poor. In response to this provision, USAID 

began using the PAT methodology which includes a short questionnaire administered in 20 minutes or less, 

and a data entry template. Using these PATs, an implementing partner can gain an accurate estimate of the 

share of its beneficiaries who are very poor. 

USAID has developed 38 country-specific surveys for the following countries: Albania, Azerbaijan, 

Bangladesh, Bolivia, Bosnia and Herzegovina, Cambodia, Colombia, Timor-Leste, Ecuador, El Salvador, 

Ethiopia, Ghana, Guatemala, Haiti, India, Indonesia, Jamaica, Kazakhstan, Kenya, Kosovo, Liberia, 

Madagascar, Malawi, Mexico, Nepal, Nicaragua, Nigeria, Paraguay, Peru, the Philippines, Rwanda, Senegal, 

Serbia, Tajikistan, Tanzania, Uganda, Vietnam, and West Bank. These tools provide the basis for the 

estimates of Funds Benefiting the Very Poor and Number of Very Poor Clients Reached under Reporting 

Requirements 6 and 711

. 

In FY 2011, USAID developed five new PATs (Nicaragua, Nigeria, Rwanda, Senegal and Tanzania); 

continued to improve existing PATs to provide greater accuracy and more useful information to the 

organizations that use them; and supported the proper use of PATs by such organizations.

REPORTING REQUIREMENT 9: VICTIMS OF TRAFFICKING AND EXPLOITATION

The MRAA requires USAID to report on efforts to ensure that recipients of USAID microenterprise and 

microfinance development assistance work to identify and assist victims of potential or severe forms of 

trafficking in persons and women who are victims of or susceptible to other forms of exploitation and 

violence. In FY 2011, a total of $10.7 million was reported as obligated to projects targeting such 

beneficiaries -- with $7.4 million reported in Europe and Eurasia (to projects in Ukraine, Serbia, Belarus, and 

Bosnia and Herzegovina), and $3.3 million reported in Sub-Saharan Africa (to projects in Ethiopia and 

Tanzania). 

 

11 Uptake of PAT by USAID’s partners has been relatively low. While a 5 percent sample of 2011 obligations towards 

microenterprise and 41 percent sample of total FY 2011 microenterprise participants was obtained (due to fact that one of the ten 

projects that reported on PAT had a very large client-base), the aggregated estimate may be biased because programs focused on the 

ultra poor may elect to use the PAT, whereas, SME programs may find the PAT less relevant. Increased efforts on uptake are 

planned going forward to strengthen reporting.
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 7 

REPORTING REQUIREMENT 10: POVERTY AND RACE/ETHNICITY

The MRAA requires that USAID report “[a]n estimate of the percentage of beneficiaries of assistance under 

this title in countries where a strong relationship between poverty and race or ethnicity has been 

demonstrated.” In FY 2011, 18 percent of beneficiaries of USAID microenterprise programming were 

reported in countries where the USAID Mission cited a relationship between race or ethnicity and poverty. 

REPORTING REQUIREMENT 11: PERFORMANCE MONITORING SYSTEM

Table 4 presents microenterprise goals and results for FY 2011. In FY 2011, USAID met many of its 

performance goals relating to microfinance, including number of savers, proportion of women clients and 

rural clients, and MFI financial sustainability. USAID did not meet its FY 2011 goals for the number of 

microenterprises benefitting from non-financial services, or percentage of funds benefitting the very poor. In 

both instances, USAID will strive to reach these important targets. USAID is pleased to substantially exceed 

its goal for proportion of MFIs achieving financial sustainability. 

TABLE 4: PERFORMANCE GOALS AND RESULTS ESTIMATES, FY 2011 

Performance Goals and Results FY 11 Results FY 11 Goal

Number of microenterprise clients who are borrowers 1,431,742 1.5 million

% Women 61% 60%

% Rural 37% 40%

Number of microenterprise clients who are savers 1,989,441 2 million

% Women 73% 60%

% Rural 73% 40%

Number of microenterprise clients accessing other services 664,416 1 million

% owned and operated by women 38% 40%

% located in rural areas 84% 75%

Number of employees of microenterprise clients (excluding 

microenterprise owners who are accounted for under “number of 

microenterprise clients accessing other services” above) 

539,328 1.5 million

Total number of beneficiaries 4,624,927 6 million

% of MFI partners who have achieved financial sustainability 91% 50%

% of funds benefitting the very poor 38% 50%

REPORTING REQUIREMENT 12: ADDITIONAL INFORMATION

In FY 2011, USAID continued support for a central office coordinating agency for microenterprise activities. 

The Office of Microenterprise & Private Enterprise Promotion (MPEP) — the team providing technical 

leadership and support from USAID headquarters to all overseas Missions implementing microenterprise 

development programs, was renamed to capture the key role these programs have in achieving economic 

opportunity of microenterprises through growth in private enterprise promotion. 

MPEP supports several central programs that contribute to microenterprise development, as well as discrete 

initiatives to pilot test cutting-edge technologies and cross-sector linkages. The Knowledge-Driven 

Microenterprise Development project (KDMD) manages USAID’s microenterprise knowledge management 

program and web site, Microlinks (www.microlinks.org), which connects practitioners with each other and 
8 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

sources the latest learning in microenterprise development. KDMD also conducts training, blended learning 

and knowledge sharing activities for USAID’s E3 Bureau and the Bureau for Food Security, among others, 

and consequently leverages synergies across these technical portfolios. Other country Missions and regional 

bureaus also contribute to and benefit from this initiative. 

An additional central function involves funding of PAT development and implementation support, as well as 

management of the MRR project and system. The MRR project conducts the annual data collection of 

USAID's agency-wide microenterprise funding and results, and prepares the Microenterprise Results 

Reporting Annual Report to Congress as required by the Microenterprise Results and Accountability Act 

(Public Law 108-484). 
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 9 

ANNEX A: MRAA REPORTING REQUIREMENTS

1 Funding: The number of grants, cooperative agreements, contracts, contributions, or other form of assistance provided under 

section 252 [the section of the law authorizing USAID to provide microenterprise assistance], with a listing of:

(A) the amount of each grant, cooperative agreement, contract, contribution or other form of assistance;

(B) the name of each recipient and each developing country with respect to which projects or activities under the grant, 

cooperative agreement, contract, contribution, or other form of assistance were carried out; and

(C) a listing of the number of countries receiving assistance authorized by section 252.

2 Central Mechanisms: The amount of assistance provided under section 252 through central mechanisms.

3 Development Credit Authority: The name of each country that receives assistance under section 256 [the section of the law 

pertaining to the Development Credit Authority and credit instruments] and the amount of such assistance.

4 USAID Funding Recipients: 

The level of funding provided through contracts; the level of funding provided through grants, contracts, and cooperative 

agreements that is estimated to be subgranted or subcontracted, as the case may be, to direct service providers; and an analysis 

of the comparative cost-effectiveness and sustainability of projects carried out under these mechanisms.

5 Matching Assistance: It is the sense of Congress that USAID should include in the report required by section 258 of the 

Foreign Assistance Act of 1961 [as added by section 6 of this Act] a description of all matching assistance [as described in 

paragraph (1)] provided for the prior year by recipients of microenterprise development assistance under such title.

6 Funds for Very Poor Clients: The percentage of assistance furnished under section 252 that was allocated to the very poor 

based on the data collected using the certified methods required by section 254 [the section of the law outlining the requirement 

for USAID to develop client poverty assessment methods and require their use by awardees by October 2006].

7 Estimated Number of the Very Poor reached with assistance provided under section 252.

8 Poverty Assessment Methods: The process of developing and applying poverty assessment procedures required under section 

254.

9 Funds to Assist Victims of Trafficking and Exploitation: Information on the efforts of the Agency to ensure that recipients 

of United States microenterprise and microfinance development assistance work closely with non-governmental organizations 

and foreign governments to identify and assist victims or potential victims of severe forms of trafficking in persons and women 

who are victims of or susceptible to other forms of exploitation and violence.

10 Poverty and Race/Ethnicity: An estimate of the percentage of beneficiaries of assistance under this title in countries where a 

strong relationship between poverty and race or ethnicity has been demonstrated.

11 Performance Monitoring System: The results of the monitoring system required under section 253 [see A-D below].

(A) The monitoring system shall include performance goals for the assistance and expresses such goals in an objective and 

quantifiable form, to the extent feasible.

(B) The monitoring system shall include performance indicators to be used in measuring or assessing the achievement of the 

performance goals described in paragraph (1) and the objective of the assistance authorized under section 252.

(C) The monitoring system provides a basis for recommendations for adjustments to the assistance to enhance the sustainability 

and the impact of the assistance, particularly the impact of such assistance on the very poor, particularly poor women.

(D) The monitoring system adopts the widespread use of proven and effective poverty assessment tools to successfully identify

the very poor and ensure that they receive adequate access to microenterprise loans, savings, and assistance.

12 Additional Information: Any additional information relating to the provision of assistance authorized by this title, including 

the use of poverty assessment methods required by section 254, or additional information on assistance provided by the United 

States to support microenterprise development under this title or any other provision of law.
10 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

ANNEX B: FY 2011 FUNDING BY BUREAU, MISSION AND PARTNER

Mission or Office Implementing Partner Total

ASIA BUREAU

Afghanistan

Chemonics International Inc. $10,080,000 

DAI $34,643,054 

UN HABITAT $1,400,000 

WOCCU World Council of Credit Unions $20,381,760 

World Vision $1,090,769 

Afghanistan Total $67,595,583 

Cambodia DAI $2,000,000 

Fintrac Inc. $2,800,000 

Cambodia Total $4,800,000 

East Timor DAI $3,118,350 

National Cooperative Business Association $1,800,000 

East Timor Total $4,918,350 

India TechnoServe, Inc. $1,000,000 

India Total $1,000,000 

Indonesia Andara Bank $176,877 

DAI $500,000 

Mitra Bisnis Keluarga Ventura $213,908 

Indonesia Total $890,785 

Kyrgyzstan Chemonics International Inc. $1,000,000 

Kyrgyzstan Total $1,000,000 

Nepal Chemonics International Inc. $6,400,573 

Nepal Total $6,400,573 

Pakistan

Dairy Rural Development Foundation (DRDF) $2,500,000 

Food and Agriculture Organization of the United Nations 

(FAO) $15,900,000 

MEDA Mennonite Economic Development Associates $8,200,000 

Pakistan Total $26,600,000 

Philippines Chemonics International Inc. $1,903,550 

Microenterprise Support $90,156 

Philippines Total $1,993,706 

Regional Development Mission for 

Asia (RDM/A)

Pact $3,996,000 

The Bridge Fund $200,000 

The Poverty Alleviation Fund $200,000 

UNDP $1,200,000 

Winrock $200,000 

Regional Development Mission for Asia (RDM/A) Total $5,796,000 

Sri Lanka Microenterprise Support $45,000 

Sri Lanka Total $45,000 

Uzbekistan DAI $450,000 

Uzbekistan Total $450,000 

TOTAL ASIA BUREAU $121,489,997 

EUROPE & EURASIA BUREAU

Albania Chemonics International Inc. $750,000 

DAI $750,000 
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 11

Mission or Office Implementing Partner Total

Albania Total $1,500,000 

Azerbaijan Chemonics International Inc. $400,000 

Azerbaijan Total $400,000 

Belarus

Center for International Private Enterprise (CIPE) $644,000 

International Organization for Migration $40,000 

United National Development Program (UNDP) $817,320 

Belarus Total $1,501,320 

Bosnia Cardno Emerging Markets USA, Ltd. $1,450,000 

Chemonics International Inc. $1,450,000 

Bosnia Total $2,900,000 

Georgia

Chemonics International Inc. $4,057,757 

Deloitte Consulting LLP $275,000 

Microenterprise Support $190,000 

Georgia Total $4,522,757 

Kosovo Booz Allen Hamilton Inc. $250,000 

Kosovo Total $250,000 

Moldova DAI $1,500,000 

Moldova Total $1,500,000 

Russia ACDI/VOCA $900,000 

Russian Microfinance Center $800,000 

Russia Total $1,700,000 

Serbia DAI $4,460,000 

Serbia Total $4,460,000 

Ukraine

Booz Allen Hamilton Inc. $250,766 

Chemonics International Inc. $1,190,899 

Commercial Law Center $120,000 

International Organization for Migration $30,000 

Ukraine Total $1,591,665 

TOTAL EUROPE & EURASIA BUREAU $20,325,742 

LATIN AMERICA & CARIBBEAN BUREAU

Bolivia Chemonics International Inc. $1,800,000 

International Resources Group IRG $400,000 

Bolivia Total $2,200,000 

Colombia

Associates in Rural Development/ADAM $216,837 

Associates in Rural Development/MIDAS $1,063,934 

Creative Associates $4,000,000 

IOM International Organization for Migrations $4,959,849 

Colombia Total $10,240,620 

Ecuador FHI 360 $2,185,000 

Small Development Assistance Activities $19,000 

Ecuador Total $2,204,000 

El Salvador GBSI - Global Business Solutions Inc. $2,837,510 

El Salvador Total $2,837,510 

Guatemala Asociacion Share de Guatemala $213,598 

Save the Children Federation Inc. $57,225 

Guatemala Total $270,824 

Guyana CARANA Corporation $299,000 

Guyana Total $299,000 
12 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

Mission or Office Implementing Partner Total

Haiti FHI 360 $2,000,000 

Haiti Total $2,000,000 

Jamaica The Competitiveness Company $1,376,209 

Jamaica Total $1,376,209 

Nicaragua

CARANA Corporation $345,000 

Catholic Relief Services $1,460,000 

FHI 360 $250,000 

Nicaragua Total $2,055,000 

Peru Chemonics International Inc. $2,301,000 

Peru Total $2,301,000 

TOTAL LATIN AMERICA & CARIBBEAN BUREAU $25,784,163 

MIDDLE EAST BUREAU

Egypt Aid to Artisans $703,007 

The First Microfinance Foundation - Egypt $1,400,000 

Egypt Total $2,103,007 

Iraq Louis Berger Group / The Services Group Joint Venture $6,090,000 

Iraq Total $6,090,000 

Lebanon

ACDI/VOCA $8,388,295 

Cooperative Housing Foundation $3,390,000 

FHI 360 $1,561,860 

Volunteers for Economic Growth Alliance $2,548,140 

Lebanon Total $15,888,295 

Morocco DAI $37,731 

Morocco Total $37,731 

TOTAL MIDDLE EAST BUREAU $24,119,033 

SUB-SAHARAN AFRICA BUREAU

DR Congo

ADRA $9,011,000 

BIAC Bank $399,872 

DAI $5,500,000 

FH $11,677,200 

Mercy Corp $7,114,300 

Winrock International, Bralima, Eucord, BATIDE $891,353 

DR Congo Total $34,593,725 

Ethiopia CARE/Ethiopia $2,280,000 

Ethiopia Total $2,280,000 

Liberia ACDI/VOCA $32,385 

DAI $325,000 

Liberia Total $357,385 

Mali Abt Associates Inc. $3,025,000 

AFR/Mali Africare $562,199 

Catholic Relief Services $2,219,638 

Trickle Up $500,000 

Mali Total $6,306,837 

Namibia Project HOPE $1,163,075 

Namibia Total $1,163,075 

Nigeria

Abt Associates Inc. $1,900,000 

Chemonics International Inc. $1,800,000 

Partners for Development (PfD) $700,000 
MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 13

Mission or Office Implementing Partner Total

Nigeria Total $4,400,000 

Rwanda

CARANA Corporation $1,488,693 

CHF International $4,000,000 

DAI $1,000,000 

International Fertilizer Development Center $1,232,448 

Land O'Lakes, Inc. $1,500,000 

Texas Agricultural Experiment Station (TAES) $250,000 

World Bank $2,000,000 

Rwanda Total $11,471,141 

Sudan Abt Associates Inc. $2,510,000 

Winrock - Bridge $2,500,000 

Sudan Total $5,010,000 

Tanzania

Abt Associates Inc. $1,630,000 

ACDI/VOCA $2,000,000 

Booz Allen Hamilton Inc. $100,000 

Fintrac Inc. $1,000,000 

Tanzania Total $4,730,000 

USAID/East Africa Catholic Relief Services $1,410,092 

USAID/East Africa Total $1,410,092 

Zambia

Action for Enterprise $541,351 

Catholic Relief Services $6,000,000 

Community Markets for Conservation Limited -

COMACO $1,500,000 

Michigan State University $750,000 

Zambia Total $8,791,351 

Zimbabwe Fintrac Inc. $5,669,473 

Zimbabwe Total $5,669,473 

TOTAL SUB-SAHARAN AFRICA BUREAU $86,183,079 

CENTRAL FUNDING

Office of Development Partners

ACDI/VOCA $159,342 

Cooperative Housing Foundation $260,334 

Cooperative Resources International $270,806 

HealthPartners $505,304

Land O'Lakes, Inc. $309,844 

National Cooperative Business Association $124,294 

World Council of Credit Unions, Inc. $299,350 

Office of Development Partners Total $1,929,274 

Office of Microenterprise & Private 

Enterprise Promotion (MPEP)

Aga Khan Foundation $100,000 

CGAP Consultative Group to Assist the Poor $200,000 

DAI $500,000 

FHI 360 $342,650 

Habitat For Humanity International $100,000 

International Finance Corporation $2,640,000 

Microenterprise Support $1,181,756 

Opportunity International $100,000 

The QED Group, LLC $1,029,897 

MPEP Total $6,194,303 

TOTAL CENTRAL FUNDING $8,123,577 

Total Reported FY11 Funding towards Microenterprise $286,025,590 
14 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

ANNEX C: FY 2011 USAID CREDIT GUARANTEES RELATED TO MICROFINANCE

Country Guarantee Subsidy Cost Maximum Lending Guaranteed Fiscal Year 

Initiated

Worldwide $75,000 $10,000,000 2003

Indonesia $1,208,680 $16,400,000 2005

Honduras $115,200 $2,000,000 2005

Worldwide $65,300 $80,600,000 2006

Georgia $77,100 $1,500,000 2007

Kenya $0 $10,000,000 2008

Worldwide $1,399,636 $33,305,050 2008

Colombia $92,800 $8,000,000 2008

Haiti $308,388 $2,000,000 2008

Worldwide $399,307 $162,500,000 2009

Georgia $32,200 $1,000,000 2009

Macedonia $83,500 $5,000,000 2009

Egypt $288,000 $10,000,000 2009

Worldwide $5,880,000 $100,000,000 2010

Indonesia $914,600 $21,000,000 2010

Colombia $207,200 $25,900,000 2010

Tanzania $858,000 $10,000,000 2010

Sri Lanka $106,000 $5,000,000 2010

Mozambique $81,200 $81,200 2010

Worldwide $4,915 $1,000,000 2011

Worldwide $9,829 $2,000,000 2011

Georgia $161,484 $2,067,660 2011

Moldova $349,860 $4,200,000 2011

West Bank/Gaza $335,049 $2,092,748 2011

Indonesia $44,390 $1,150,000 2011

Indonesia $176,877 $2,957,809 2011

Senegal $135,200 $2,000,000 2011

Senegal $423,696 $5,820,000 2011

Rwanda $42,150 $500,000 2011

Total $13,875,561 $528,074,467 

2 MICROENTERPRISE RESULTS REPORTING – FISCAL YEAR 2011 

U.S. Agency for International Development

1300 Pennsylvania Avenue, NW 

Washington, DC 20523 

Tel: (202) 712-0000 

Fax: (202) 216-3524 

www.usaid.gov