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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-M1049

Approval Date

July 29, 2015

Project Status

Closed

Project Type

Technical Cooperation

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

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 400,000.00

Country Counterpart Financing

USD 200,000.00

Original Amount Approved

USD 200,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15081-HO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15081-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

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1161044055-3
Approved TC document
Diversificación en Mecanismo de Segundo Piso para Afianzar el Financiamiento Rural.PDF
Jan. 12, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1919030224-8
Approved TC document
Diversification in Second-Tier Mechanism to Support Rural Finance.PDF
Jan. 12, 2018
English

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