Mobile Money as a Mechanism to Increase Financial Inclusion in Guyana
The project will develop a mobile savings product for money transfer clients that will be scaled up through the expansion of Mobile Money Guyana¿s network of points of sale in underserved areas, and will be accompanied by financial education interventions to promote savings accumulation.

Project Detail

Country

Guyana

Project Number

GY-M1024

Approval Date

July 1, 2015

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

-

Lending Instrument Code

-

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 1,096,329.00

Country Counterpart Financing

USD 544,943.00

Original Amount Approved

USD 551,386.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15016-GY Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15016-GY
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable