Resources for Small Businesses
The Multilateral Investment Fund (MIF), part of the Inter-American Development Bank (IDB) Group, is the largest provider of grants for improving the competitiveness of micro and small enterprises in Latin America and the Caribbean (LAC).
MIF is also the largest supporter of microfinance in the region, having promoted modern technology, new management methods, and innovative products and services that have made the industry the most efficient and fastest growing in the world.
MIF does not directly invest in companies, but can leverage a variety of innovative financial instruments. MIF can work with partners in the private and public sectors, in civil society, and in national and regional projects in virtually any sector.
In general, MIF assistance aims to improve the capacities of small and microenterprises through projects in enterprise development, to expand access to finance and the financial system, through projects in financial democracy, and to improve the business environment.
Community, Research and Communication
Several non-financial instruments contribute to the promotion and strengthening of small businesses, such as the Inter-American Microenterprise Forum (Foromic) and the knowledge platform MicAmericas. Microscope and Microfinance Americas 100, both studies and analysis sponsored by MIF, are also considered products of global excellence.