Rural financial services via village banking

The objective of the project is to expand and diversify the supply of sound microfinance services in rural areas, by improving the capacity of financial intermediaries to reach underserved clients. The purpose of the project is to implement the methodology of village banking in Financiera El Comercio's operations, so that it can expand its credit and savings services to low income populations in rural areas of Paraguay. The project will consist of a Technical Cooperation.

Project Detail

Country

Paraguay

Project Number

PR-M1022

Approval Date

October 28, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,100,000.00

Country Counterpart Financing

USD 370,000.00

Original Amount Approved

USD 730,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/ME-12973-PR	Non-Sovereign Guaranteed	USD - United States Dollar	Nov. 30, 2024	Feb. 15, 2012	Multilateral Investment Fund II (MIF) -	Nonreimbursable

Operation Number

ATN/ME-12973-PR

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Nov. 30, 2024
Signed Date: Feb. 15, 2012
Fund: Multilateral Investment Fund II (MIF) -
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-214513053-222