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RG-L1027 : Global Partnerships Social Investment Fund

Project Status: Closed

The objective of the Project is to leverage the distribution capacity of microfinance institutions (MFIs) to enable the provision of new products and services for low-income communities. These products and services may include, but are not limited to housing solutions, micro-insurance products, health care and diagnostic screening, savings and pension programs, and education-related loans. MFIs due to their reach into poor communities offer an appealing distribution channel to enable socially beneficial products together with credit. The benefits of a shared channel provide synergies and economies of scale in reaching the poor and increasing the variety of products and services available.

Project Detail

Project Number
RG-L1027
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
BANKING MARKET DEVELOPMENT
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
2262/OC-RG-2

Financial Information

Project Number
RG-L1027
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Sep/24/2010
Operation Number
2262/OC-RG-1

Financial Information

Project Number
RG-L1027
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Sep/24/2010
Operation Number
2262/OC-RG

Financial Information

Project Number
RG-L1027
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Sep/24/2010

Project Information

Total Cost
USD 25,000,000
Country counterpart financing
USD 20,000,000
Amount
USD 5,000,000

Approved

Title
Type
Project Number
Date Published
Loan Proposal
RG-L1027
January 14, 2010