Transformation of CEAPE-MA in a financial instit. regulated by the Central Bank
The project's general objective is to contribute to deepen the financial services oriented towards low-income population sectors in urban and peri-urban areas of the Nordeast. The specific objective is the creation of a new microfinance institution, supervised by the Central Bank, based on the operations of a non regulated microfinance institution that is efficient, profitable, sustainable and able to provide financial services to thousands of micro and small enterprises.

Project Detail

Country

Brazil

Project Number

BR-Q0018

Approval Date

May 20, 2009

Project Status

Cancelled

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 2,500,000.00

Country Counterpart Financing

USD 2,000,000.00

Original Amount Approved

USD 500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-11619-BR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-11619-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing