Performance Report – Short Form

Part I.  Award Information

1.           Name and Address of Organization for which the work was performed:
         U.S. Agency for International Development,
         1300 Pennsylvania Ave NW, Washington, DC 20004
2.          Contract Number: EEM-I-00-07-00001-00; TO 04
3.           Award Type: Time and Materials-- Fixed Daily Rate
          a.        Award Value: $2,047,518.00
4.           Contacts: Name, Telephone Number, E-mail Address

Vann Rolfson (CO)
Phone: (202) 715-5852


Ana Luisa Pinto (Activity Manager)
Phone: (202) 712-1416;

5.            Period of Performance: September, 2008- August, 2013
6.            Title/Brief Description of Product/Service Provided/Results Achieved to Date:

Title of Project: Development Credit Authority Impact Evaluations

Location of Services: Global, evaluations conducted in: Ghana, Honduras, Indonesia, Russia, Philippines, Rwanda, Ethiopia, Moldova, Kenya, and Haiti, as well as regionally for loans covering Africa/LAC.

Scope of Work:
Brief Description of Product/Service ProvidedSEGURA was contracted to evaluate a series of eleven USAID Development Credit Authority Loan Guarantees. The majority of the guarantees evaluated were targeted at lending to support smallholder farmers in increasing the size and competitiveness of their agribusinesses, thereby increasing income and food security. Agriculture-related evaluations were conducted in: Ghana, Honduras, Indonesia, Russia, Rwanda, Ethiopia, Moldova, Kenya, and Haiti, as well as regional guarantee programs in Africa and Latin America. The team started by developing the evaluation framework articulated around output (additionality of loans under guarantee), outcome (change in behavior of the partner bank or microfinance institution), and impact (market demonstration effect). The framework guided the effort throughout the life of the task order, and allowed for comparison across countries through meta-evaluation. SEGURA’s framework also set standard evaluation questions and indicators, which the teams contextually customized for each evaluation. List of the evaluated guarantees that are related to agriculture are outlined below:

Ghana: evaluation of the 2003 and 2005 DCA guarantees with EcoBank in support of lending to small and medium enterprises (SMEs) and microfinance institutions, principally in manufacturing and agribusiness.

Honduras: evaluation of the 2003 and 2005 guarantees DCA signed with the Covelo Foundation to encourage the bank to move up-market to make loans of larger sizes and long terms, focusing on agribusinesses.

Indonesia: evaluation of the 2005 DCA guarantee with Bank Danamon made to mobilize lending to micro and small enterprises with an emphasis on the tsunami affected areas. Agriculture was one of the designated target sectors for the guarantee.

Russia: evaluation of the 2004 DCA Loan Portfolio Guarantee for Center-Invest Bank (CIB) made to assist CIB in providing loans to SMEs in two neighboring regions – Krasnodar and Volgograd. Loan recipients included several agribusiness enterprises.

Philippines: evaluation of the 1999 DCA guarantee with LGUGC. The coverage was initially on re-guaranteed loans to local infrastructure projects of Local Government Units and later focused on water supply and sanitation projects.

Rwanda: evaluation of the 2004 guarantee with Banque de Kigali (BK) in support of loans to strategic export-oriented agricultural enterprises, including coffee.

Ethiopia: evaluation of the1999 and 2003 MSED guarantees and the 2004 DCA Loan Portfolio Guarantee with the Bank of Abyssinia targeting the agricultural sector.

Africa/Latin America: evaluation of the 2003 and 2005 DCA regional guarantees with Root Capital to support 1) small and medium agribusinesses and eco-tourism operations in Mexico, Guatemala, Panama, Nicaragua, and Peru, and 2) coffee grower/producer associations in Rwanda, Tanzania, Uganda, Kenya, and Ethiopia.

Moldova: evaluation of the 2005 guarantee with FinComBank in support of loans to micro, small and medium enterprises (MSMEs) in the agriculture, agribusiness, and related sectors such as transport and services.

Kenya: evaluation of the 2006 and 2010 DCA guarantees with Kenya Commercial Bank (KCB) to improve access to credit for SMEs operating in the agricultural production and processing, tourism, clean energy, commerce, construction, and manufacturing sectors.

Haiti: evaluation of the 2007 DCA guarantees with Capital Bank and SOGEBANK in support of loans to SMEs in productive sectors such as such as agriculture, handicraft, tourism, textile industries, waste removal, construction, and fisheries.

Size of Project and Complexity and Diversity of Tasks: The DCA evaluation project was five-year contract, and demonstrates SEGURA's ability to handle multiple simultaneous, complex, and diverse activities for a cumulative total of over $2 million. Under DCA, SEGURA undertook impact evaluations of loans to a wide array of borrowers, tailoring the overarching evaluation framework to in order to make them as context-specific as possible, which included tailoring to cultural, political, and geographical factors.

Skills and Expertise Required: SEGURA's team developed the evaluation framework, and subsequently modified it to measure impacts consistent with USAID's Evaluation Policy issued in 2011, and implemented this framework on all 11 DCA Guarantees evaluations performed. The specific process for each evaluation is outlined below:

For each evaluation, SEGURA fielded short-term teams that customized the evaluation framework to each specific guarantee and country/region context. The evaluations used a mixed methods approach, including statistical analysis of loan data, key informant and group interviews, and document review, collecting and analyzing data from both primary and secondary sources. In the field, the team conducted semi-structured interviews with key stakeholders, including borrowers. In some cases, in addition to the interviews and other field activities, the team also conducted an email-based survey. After completing the field work, the evaluators used a combination of comparative analysis, statistical analysis, and content pattern analysis to draw findings from all of the collected data, from which they drew conclusions. As final deliverables, SEGURA evaluation teams produced a detailed report, 4-page Impact Brief, and presented their findings to EGAT/DC.  Deliverables for these evaluations are displayed on USAID’s website at

7.            Problem and Corrective Actions Taken:  none