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New Credit Products for Clean Energy

The proposed mini-MIF will seek to strengthen the capacity of Fundación Jose Maria Covelo (¿Fundación Covelo¿), a second tier financial institution, to promote access to finance for off-grid clean energy products and services in Honduras. Specifically, the project will support Fundación Covelo in developing tailored financial products for off-grid clean energy (e.g. solar panels), for establishing commercial partnerships with established technology suppliers, and with implementing a training of trainers program to support first tier microfinance institutions (MFIs) with off-grid clean energy lending.

Project Detail

Country

Honduras

Project Number

HO-M1044

Approval Date

September 10, 2013

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 200,000.00

Country Counterpart Financing

USD 60,000.00

Original Amount Approved

USD 140,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-14031-HO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-14031-HO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-608920673-12197
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14031-HO [40372585].PDF
Jun. 30, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-608920673-12559
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14031-HO [39868397].PDF
Sep. 22, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-608920673-8518
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14031-HO [39493547].PDF
Mar. 19, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-608920673-13208
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14031-HO [39054920].PDF
Sep. 15, 2014
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-608920673-9121
Plan of Operations
Plan de Operaciones [39603854].PDF
Jul. 27, 2015
Spanish

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