The M3 platform will make it easier and less costly for micro-entrepreneurs to conduct financial transactions. Individual accounts will also be linked to a debit card so that clients can conveniently access ATMs and pay for in-store purchases. Financial transactions will be more convenient since mobile banking users can do them from any location and at any time.
Project Detail
Country
Jamaica
Project Number
JA-M1031
Approval Date
September 3, 2014
Project Status
Closed
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
FINANCIAL INCLUSION
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category C: Likely to cause minimal or no negative environmental and associated social impacts
Total Cost
USD 1,212,615.00
Country Counterpart Financing
USD 680,200.00
Original Amount Approved
USD 532,415.00
Can’t find a document? Request information
https://www.iadb.org/document.cfm?id=EZSHARE-585949070-2547
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14598-JA [40853541].PDF
Feb. 23, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-585949070-2503
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14598-JA [40849018].PDF
Feb. 15, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-585949070-2518
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14598-JA [40849674].PDF
Feb. 15, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-585949070-32624
Donors Memorandum
JA_M1031 Mobile Money for Microfinance M3 [38314936].PDF
Dec. 17, 2013
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31945
Technical Cooperation Agreement
Promoting Financial Inclusion in Jamaica through Mobile Money for Microfinance (M3) [38894544].PDF
Feb. 24, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31946
Technical Cooperation Agreement
Fomento de la Inclusión Financiera en Jamaica mediante Dinero Móvil para Microfinanzas [38894555].PDF
Feb. 24, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-220239377-3
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14598-JA - Rep6331.pdf
Jun. 14, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-220239377-4
Project Performance Monitoring Reports
MIF Project Status Report-6-2017-ATN_ME-14598-JA - Rep6631.pdf
Sep. 13, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-220239377-5
Project Performance Monitoring Reports
MIF Project Status Report-12-2017-ATN_ME-14598-JA - Rep6961.pdf
Apr. 10, 2018
English
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