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Consolidation of Community Financial System to Spur Local Economies

The project will seek address the demand for credit posed by low-income micro entrepreneurs of rural communities in the Department of Totonicapan and neighboring areas. It will provide CDRO with on-lending funds and technical cooperation. This will allow CDRO to extend its loan portfolio and improve is rural credit services of its system of communal credit. The project will facilitate the access of micro entrepreneurs from rural communities to credit services and allow them to expand their activities and improve their socioeconomic situation.

Project Detail

Country

Guatemala

Project Number

GU-L1116

Approval Date

July 23, 2007

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code

SMP

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 900,000.00

Country Counterpart Financing

USD 210,000.00

Original Amount Approved

USD 690,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
SP/SF-07-06-GU Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Small Project Financing
Operation Number SP/SF-07-06-GU
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Small Project Financing
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