Improving the Competitiveness of SMEs through Appropriate Financing

The objective of the project is to contribute to the development of a robust SME lending market in Guyana and Suriname, and to create a new SME specialized and sustainable lending institution. The project's desired outcomes are: (i) the development and expansion of at least fift SMEs over the next five years in Guyana and Suriname; and (ii) the development of a new SME specialized financial intermediary.

Project Detail

Country

Regional

Project Number

RG-L1077

Approval Date

July 21, 2004

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 20,350,000.00

Country Counterpart Financing

USD 17,850,000.00

Original Amount Approved

USD 2,500,000.00