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GY-M1024 : Mobile Money as a Mechanism to Increase Financial Inclusion in Guyana

Project Status: Closed

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

Project Number

GY-M1024

Project Country

Guyana

Project Sector

FINANCIAL MARKETS

Project Subsector

FINANCIAL INCLUSION

Project Type

Technical Cooperation

Project Lending Type

NSG

Project Modality

Project Facility Type

Environmental and social impact category

Project Status

Closed

Operation Number

ATN/ME-15016-GY

Financial Information

Project Number

GY-M1024

Project Status

Closed

IDB Financing

Financing type

TCN

Fund

Multilateral Investment Fund II (MIF) -

Reporting currency

USD - United States Dollar

Reporting date

Jun/30/2023

Roles & Responsibilities

Contract signature date

Sep/28/2015

Project Information

Total Cost

USD 1,096,329

Country counterpart financing

USD 544,943

Amount

USD 551,386

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