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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 Classification

-

Total Cost

USD 1,350,000.00

Country Counterpart Financing

USD 350,000.00

Original Amount Approved

USD 1,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
SP/OC-12-19-NI Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Social Entrepreneurship Program Financing
Operation Number SP/OC-12-19-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Social Entrepreneurship Program Financing
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