Deepening Credit Services for Low-income Rural Sectors

The proposed project will deepen the provision of microcredit services to rural and peri-urban regions through the use of the individual lending methodology. Loans will be aimed at low-income people with average individual funding needs of about US$ 300 to US$500, for working capital and fixed assets.

Project Detail

Country

Nicaragua

Project Number

NI-L1112

Approval Date

December 18, 2012

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code

SMP

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,350,000.00

Country Counterpart Financing

USD 350,000.00

Original Amount Approved

USD 1,000,000.00