Consolidate in Bolivia and internationalize the services provided by "Ultracreditos" which offers banks and microfinance institutions an integral solution of Fintech as a Service ("FaaS") that allows them to offer and convert multiple types of loans (mortgages, car loans, personal loans, credit cards) and open bank accounts 100% online.

Project Detail

Country

Regional

Project Number

RG-L1146

Approval Date

October 28, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 3,150,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5140/MS-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 5140/MS-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing