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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.

Project Detail

Country

Mexico

Project Number

ME-M1081

Approval Date

October 23, 2013

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 Classification

Uncategorized Directive B.13

Total Cost

USD 1,470,000.00

Country Counterpart Financing

USD 790,000.00

Original Amount Approved

USD 680,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-14078-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-14078-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-32
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14078-ME [40690433].PDF
Sep. 30, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-24
Procurement Plan
Presupuesto-Plan de Adquisiciones [40259594].XLSX
Apr. 28, 2016
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-38
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14078-ME [40240054].PDF
Apr. 13, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-26
Procurement Plan
Plan de Adquisiciones al 10 febrero 2016 [40113557].XLSX
Feb. 11, 2016
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-34
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14078-ME [39868406].PDF
Sep. 22, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-40
Donors Memorandum
EXECUTIVE SUMMARY_ TRANSFORMING AND DIFFERENTIATING FINANCIAL SERVICESFOR LOW-INCOME POPULATIONS(ME-M1081) [39607678].PDF
Apr. 30, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-42
Donors Memorandum
RESUMEN DE PROYECTO TRANSFORMANDO Y DIFERENCIANDO SERVICIOS FINANCIEROS PARA POBLACIONES DE BAJOS INGRESOS (ME-M [39607660].PDF
Apr. 30, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-36
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14078-ME [39493535].PDF
Mar. 19, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-1209993099-3
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-14078-ME - Rep6285.pdf
Jun. 13, 2017
English
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-28
Financial Statements
Informe de resultados sobre la aplicación de procedimientos convenidos ENE-JUN 15-Baker Tilly [39904624].PDF
Oct. 28, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-420218487-30
Financial Statements
Informe de resultados sobre la revisión de adquisiciones-JUN-ENE 15-Baker Tilly [39904849].PDF
Oct. 23, 2015
Spanish

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