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NI-L1112 : Deepening Credit Services for Low-income Rural Sectors

Project Status: Closed

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

Project Number

NI-L1112

Project Country

Nicaragua

Project Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Project Subsector

MICROENTERPRISE DEVELOPMENT

Project Type

Loan Operation

Project Lending Type

NSG

Project Modality

Project Facility Type

Project Status

Closed

Operation Number

SP/OC-12-19-NI

Financial Information

Project Number

NI-L1112

Project Status

Closed

IDB Financing

Financing type

SEP

Fund

Ordinary Capital

Reporting currency

USD - United States Dollar

Reporting date

Jul/18/2023

Roles & Responsibilities

Contract signature date

May/17/2013

Project Information

Total Cost

USD 1,350,000

Country counterpart financing

USD 350,000

Amount

USD 1,000,000

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