ME-L1195 : Transforming and Differentiating Financial Services for Low-income Populations

The project will support the growth of FINCA Mexico's in rural and underserved areas and the subsequent transformation of the institution in the first "niche" Bank of Mexico serving female and male low-income micro entrepreneurs with a range of differentiated products including savings, credit, insurance and others. The MIF resources involved include a technical cooperation of U.S. $ 500,000 and a loan equivalent to U.S. $ 5.0 million to be disbursed and repaid in local currency through an innovative SWAP operation with the Interamerican Investment Corporation (IIC) to be made ¿¿by the MIF for the first time in its history, opening the possibility of a new line of work in the provision of funds in local currencies that are highly demanded by microfinance institutions in the region.