Additional funding in the amount of MXN10,526,316 (corresponding to approximately US$ US$584,796. 550,000) through a Project Specific Grant ("PSG") for the project ME-L1263 / ME-T1334 "Social Impact Bond: El Futuro en Mis Manos" (the "Project"), approved on December 5, 2016. The additional funding will be provided through a Project Specific Grant ("PSG"). The Project aims to improve the economic resilience and material well-being of vulnerable female headed households in the Metropolitan Area of Guadalajara through a social impact bond and is financed with a US$1,020,000 loan and a US$ 700,000 technical cooperation grant, both from the MIF, and up to approximately MXN 241,0300,000 in co-investment. (this is not the amount indicated in the approved project document, where amounts were MXN18,380,000 + 5,650,000).
Project Detail
Country
Mexico
Project Number
ME-G1014
Approval Date
July 14, 2017
Project Status
Cancelled
Project Type
Investment Grants
Sector
SOCIAL INVESTMENT
Subsector
GENDER EQUALITY & WOMENS EMPOWERMENT
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 584,796.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 584,796.00