University of the Little Market - Nurturing Micro and Small Business
The objectives of this operational input are: 1) To contribute to the establishment of the initial phase of the "University of Mercadito", which will offer training to both little-market owners and their employees to improve the management skills of these micro and small businesses. 2) Support the promotion of financial education/literacy for the little market owners and their end customers through training in the field for Banco Gerador employees who monitor the little markets, and the sales promoter of the latter. This operational input is part of the loan proposal BR-L1298, which aims to: (i) to provide financing to thel ocal grocery shops - small and medium size markets known as "mercaditos" - so they can offer higher-quality service to low-income residents in the region and (ii) to facilitate access to credit and banking products and services for the low income population in the northeastern region of Brazil by leveraging these "mercaditos" as points of sale to these communities.

Project Detail

Country

Brazil

Project Number

BR-T1215

Approval Date

November 22, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 902,300.00

Country Counterpart Financing

USD 537,300.00

Original Amount Approved

USD 365,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/KP-13023-BR Non-Sovereign Guaranteed USD - United States Dollar Korea Poverty Reduction Fund Nonreimbursable
Operation Number ATN/KP-13023-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Korea Poverty Reduction Fund
  • Financial Instrument: Nonreimbursable