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

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental Classification

Total Cost

USD 2,500,000.00

Country Counterpart Financing

USD 2,000,000.00

Original Amount Approved

USD 500,000.00

Financial Information