Savings and Investment for Remittance Senders and Receivers

The impact objective of the Project is to contribute to the reduction of the vulnerability of remittances clients in Paraguay and improve their means of subsistence through continuous savings in a financial institution. The results objective of this project is to increase access to and use of savings products among Paraguayan remittance clients through products and services that are adapted to the needs of that population.

Project Detail

Country

Paraguay

Project Number

PR-T1156

Approval Date

December 19, 2013

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

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 159,750.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 159,750.00