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DR-L1119 : MERCOFACT: An Innovative Platform for Trading Small Business Invoices

Project Status: Closed

An online innovative platform that will allow investors and small enterprises trade receivables through an auction mechanism. This project will ease access to finance for small enterprises, in particular, working capital which is at times difficult to finance at reasonable prices using regular loans.

Project Detail

Project Number
DR-L1119
Project Country
Dominican Republic
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
SMALL AND MEDIUM ENTERPRISE
Project Type
Loan Operation
Environmental and social impact category
C
Project Status
Closed
Operation Number
4367/MS-DR

Financial Information

Project Number
DR-L1119
Project Status
Closed

IDB Financing

Financing type
MIF
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Dec/04/2021

Roles & Responsibilities

Contract signature date
Sep/25/2018

Project Information

Total Cost
USD 350,000
Country counterpart financing
USD 0
Amount
USD 350,000

Approved

Title
Type
Project Number
Date Published
TC Document
DR-L1119
September 27, 2018
TC Document
DR-L1119
September 27, 2018