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Diversification in Second-tier Mechanism to Support Rural Finance
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

Country

Honduras

Project Number

HO-L1129

Approval Date

July 29, 2015

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 6,000,000.00

Country Counterpart Financing

USD 3,000,000.00

Original Amount Approved

USD 3,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3509/MS-HO-1 Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
3509/MS-HO-2 Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 3509/MS-HO-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing
Operation Number 3509/MS-HO-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32069
Technical Cooperation Agreement
Diversification in Second-Tier Mechanism to Support Rural Finance [39719058].PDF
Aug. 11, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32070
Loan Contract
Diversificación en Mecanismo de Segundo Piso para Afianzar el Financiamiento Rural [39719063].PDF
Aug. 11, 2015
Spanish

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