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
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
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