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HO-L1129 : Diversification in Second-tier Mechanism to Support Rural Finance
Project Status: Closed
The project will support Covelo Foundation, a second-tier financial organization based in Honduras with regional operations in Central America, to achieve economies of scale in the provision of funds to microfinance institutions working with rural microentrepreneurs in the areas of influence of the Northern Triangle of Central America (El Salvador, Honduras and Guatemala).
Project Detail
Project Number
HO-L1129
Project Country
Honduras
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
MICROENTERPRISE DEVELOPMENT
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
3509/MS-HO-2
Financial Information
Project Number
HO-L1129
Project Status
Closed
IDB Financing
Financing type
MIF
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023
Roles & Responsibilities
Contract signature date
May/18/2016
Operation Number
3509/MS-HO-1
Financial Information
Project Number
HO-L1129
Project Status
Closed
IDB Financing
Financing type
MIF
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023
Roles & Responsibilities
Contract signature date
May/18/2016
Project Information
Total Cost
USD 6,000,000
Country counterpart financing
USD 3,000,000
Amount
USD 3,000,000
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Procurement Information
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