Equity strengthening of ACME for the expansion of financial services to MSEs
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

Country

Haiti

Project Number

HA-Q0003

Approval Date

June 13, 2012

Project Status

Closed

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-13280-HA Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-13280-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing