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Supporting the Growth of the Factoring Industry
The general objective of the project is to increase the competitiveness of Nicaraguan SMEs by improving their access to financial services that meet their particular needs. The specific objective of the project is to support the factoring industry in Nicaragua by increasing both the supply and demand for factoring. It is hoped that the demonstration effects that will be generated by the success of Credifactor, will lead to an increase in the supply of factoring services.

Project Detail

Country

Nicaragua

Project Number

NI-Q0001

Approval Date

August 3, 2005

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 100,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-9334-NI Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-9334-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-230528939-4201
Eligibility Memorandum
Elegibility memorandum for MIF project NI-M1005 - EQU_MS-9334-NI [1812994].PDF
Dec. 31, 1999
English

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