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HO-M1044 : New Credit Products for Clean Energy

Project Status: Closed

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

Project Number
HO-M1044
Project Country
Honduras
Project Sector
ENERGY
Project Subsector
ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE
Project Type
Technical Cooperation
Environmental and social impact category
B13
Project Status
Closed
Operation Number
ATN/ME-14031-HO

Financial Information

Project Number
HO-M1044
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
May/31/2022

Roles & Responsibilities

Contract signature date
Nov/19/2013

Project Information

Total Cost
USD 200,000
Country counterpart financing
USD 60,000
Amount
USD 140,000

Approved

Title
Type
Project Number
Date Published
Plan of Operations
HO-M1044
April 29, 2015

Implementation

Title
Type
Project Number
Date Published
Project Performance Monitoring Reports
ATN/ME-14031-HO;HO-M1044
June 30, 2016
Project Performance Monitoring Reports
ATN/ME-14031-HO;HO-M1044
September 22, 2015
Project Performance Monitoring Reports
ATN/ME-14031-HO;HO-M1044
March 19, 2015
Project Performance Monitoring Reports
ATN/ME-14031-HO;HO-M1044
September 15, 2014