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RG-L1146 : From Bolivia to the Region: Digitalization of Financial Institutions for Inclusion

Project Status: Closed

Consolidate in Bolivia and internationalize the services provided by "Ultracreditos" which offers banks and microfinance institutions an integral solution of Fintech as a Service ("FaaS") that allows them to offer and convert multiple types of loans (mortgages, car loans, personal loans, credit cards) and open bank accounts 100% online.

Project Detail

Project Number

RG-L1146

Project Country

Regional

Project Sector

FINANCIAL MARKETS

Project Subsector

FINANCIAL INCLUSION

Project Type

Loan Operation

Environmental and social impact category

Project Status

Closed

Operation Number

5140/MS-RG

Financial Information

Project Number

RG-L1146

Project Status

Closed

IDB Financing

Financing type

MIF

Fund

MIF-Small Enterprise Investment Fund

Reporting currency

USD - United States Dollar

Reporting date

Jun/24/2022

Roles & Responsibilities

Contract signature date

Jan/22/2021

Project Information

Total Cost

USD 3,150,000

Country counterpart financing

USD 0

Amount

USD 1,000,000

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