Expansion of New Microfinance Institution Rural Areas
The project consists of granting a convertible subordinated loan in the amount of US$1,500,000 with a seven-year term and nonreimbursable technical assistance in the amount of US$165,000 to Sociedad Financiera Ecuatorial (SFE). SFE is a new microfinance institution that opened its doors to the public on 24 September 2001.

Project Detail

Country

Ecuador

Project Number

EC0209

Approval Date

December 12, 2001

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 1,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
52/MS-EC Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 52/MS-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing