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HA-Q0003 : Equity strengthening of ACME for the expansion of financial services to MSEs

Project Status: Implementation

The project aims to facilitate the access of micro and small enterprises to financial services, mainly credit. Its purpose is to strengthen the equity structure of ACME S.A - an institution dedicated to microfinancing-- to enable it to expand its financing services to micro and small enterprises. MIF will take a minority stake in the shareholding of this entity. A parallel technical cooperation will strengthen the governance of the institution and the dissemination of experiences and lessons of the project.

Project Detail

Project Number
HA-Q0003
Approval date
June 13, 2012
Project Country
Haiti
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
MICROENTERPRISE DEVELOPMENT
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-13280-HA

Financial Information

Project Number
HA-Q0003
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
May/25/2013

Project Information

Total Cost
USD 1,000,000
Country counterpart financing
USD 0
Amount
USD 1,000,000

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