Extension of financial services to small enterprises

The general objective of the project is the expansion of small enterprise (SE) financing in the Dominican Republic. Its purpose is to strengthen the institutional capacity of Banco Santa Cruz S.A. to significantly expand its SE financing operations. The project will support BSC to develop new financing products; to improve the credit methodologies and processes, to train the credit analysis and sales forces; and to develop tools for the credit process oriented to SE financing. For these activities, the project will finance the provision technical assisance and training services.

Project Detail

Country

Dominican Republic

Project Number

DR-M1029

Approval Date

November 4, 2010

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 560,000.00

Country Counterpart Financing

USD 280,000.00

Original Amount Approved

USD 280,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1152665074-10363