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Enhance Dev. Impact of Peruvian Workers' Remittances from JP
The main objective of the Project is to enhance the development impact of workers' remittances to Peru from Japan through an innovative structured transaction to finance the expansion of medium to long-term credit to the microfinance, the SME sector, and the recipients of remittances. The MIF's involvement also helps to support a growing market with profound social repercussions: the impact of workers' remittances in LAC. This is an important catalytic role of the MIF because it enhances the development impact of remittance flows and will help Banco del Trabajo to leverage its Peruvian workers' remittance flows from Japan by expanding its medium to long-term loan portfolio in Peru.

Project Detail

Country

Peru

Project Number

PE-L1174

Approval Date

November 17, 2004

Project Status

Closed

Project Type

Loan Operation

Sector

-

Subsector

-

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 7,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 7,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
80/MS-PE Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 80/MS-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing
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