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
Social Entrepreneurship Program & Small Projects
Lending Instrument Code
SMP
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 900,000.00
Country Counterpart Financing
USD 210,000.00
Original Amount Approved
USD 690,000.00