Microenterprise Global Credit Program.

THE PROGRAM SEEKS TO CONTRIBUTE TO THE DEVELOPMENT AND STRENGTHENING OF THE MICROENTERPRISE SECTOR BY CREATING A PERMANENT SUPPORT SYSTEM WHICH WOULD ALLOW THE MICROENTERPRISES TO REACH FORMAL MARKETS, AUGMENTING THEIR STABILITY AND PERMANENCE. THE PROGRAM WILL PROVIDE THE MICRO ENTERPRENEUR WITH CREDIT, ADVISING AND TRAINING. THE FUNDS WILL BE DISTRIBUTED THROUGH A CREDIT PROGRAM.

Project Detail

Country

Chile

Project Number

CH0033

Approval Date

March 18, 1992

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 8,000,000.00

Original Amount Approved

USD 12,000,000.00

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