Connecting MFIs to Domestic Investors through the Capital Markets

The project contemplates an investment by MIF in subordinate notes of an investment fund that will finance to a set of medium-sized regulated and unregulated microfinance institutions (MFIs). The Fund's main objective is to expand the supply of financial services to micro-enterprises, by facilitating the connection between MFIs that work with low-income segments of the population, with the domestic capital markets through the local stock exchange.

Project Detail

Country

Bolivia

Project Number

BO-Q0002

Approval Date

October 14, 2009

Project Status

Closed

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 17,970,000.00

Country Counterpart Financing

USD 16,720,000.00

Original Amount Approved

USD 1,250,000.00