Wayni Móvil: Digital Banking for the Underbanked

The project aims to help increase financial inclusion among Argentina's socioeconomically disadvantaged population through innovations in financial technology that are very easy for users to adopt. In terms of outcome, the aim is to make the financial services provided by Wayni Móvil widely available, expand its array of products, and extend the average term of its loans by funding its microloan portfolio and strengthening its equity to support its regional expansion.

Project Detail

Country

Argentina

Project Number

AR-Q0018

Approval Date

November 26, 2018

Project Status

Cancelled

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 2,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 500,000.00

Financial Information

Can’t find a document? Request information

Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1682171122-2

TC Document

AR-L1305 - AR-Q0018 - Resumen del proyecto.pdf

Feb. 22, 2019

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-1682171122-3

TC Document

AR-L1305 - AR-Q0018 - Project summary.pdf

Feb. 22, 2019

English

Have an Environmental or Social issue related to IDB projects? File a Complaint