Establishing a Regulated Rural Microfinance Institution-BANFONDESA

The general objective of the project is to contribute to improving economic conditions of micro and small enterprises as well as low-income families in the Dominican Republic, particularly in rural areas. The specific objective is to support the transition of FONDESA into a regulated institution capable of expanding services and diversifying its product offering directed at micro and small enterprises and low-income populations.

Project Detail

Country

Dominican Republic

Project Number

DR-M1040

Approval Date

September 26, 2012

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 891,280.00

Country Counterpart Financing

USD 261,280.00

Original Amount Approved

USD 630,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31695

Agree-Mif Equity

Establecimiento de una Institución Reglamentada de Microfinanciamiento Rural - BANFONDESA [37011492].PDF

Nov. 03, 2014

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31696

Agree-Mif Equity

Establishing a Regulated Rural Microfinance Institution BANFONDESA [37011501].PDF

Nov. 03, 2014

English

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