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Financing emerging microfinance institutions
The project's objective is to increase the supply of financial services to micro enterprises in low-income segments of several countries in Latin America. The project will extend a loan to Vision Fund International (VFI) so that it on lends it to eligible organizations of his network of Microfinance Institutions (MFIs). The beneficiary MFIs work with clients in the low-income strata of the population, including clients in rural areas. They are emerging MFI that in some cases are looking for a license to operate as regulated entities. The project will include technical cooperation to strengthen the eligible MFIs.

Project Detail

Country

Regional

Project Number

RG-L1096

Approval Date

November 16, 2011

Project Status

Closed

Project Type

Loan Operation

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 Classification

-

Total Cost

USD 4,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2636/MS-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 2636/MS-RG
  • 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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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31607
Loan Contract
Strengthening Emerging Microfinance Institutions that Target Low-Income People that Target Low-income People [36478923].PDF
Jun. 12, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31608
Loan Contract
Fortalecimiento de Microfinancieras Emergentes que Dirigen sus Actividades a Poblaciones de Bajos Ingresos [36478969].PDF
Jun. 12, 2014
Spanish

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