Locfund Next: Financial Inclusion and Digital Transformation in Microfinance Institutions in Latin America and the Caribbean

Locfund Next will contribute to advance financial inclusion by addressing key constraints that hinder Microfinance Institutions' (MFIs) growth and potential impact in delivering financial services to populations at the bottom of the pyramid throughout LAC. It will start providing financing in 2020, helping to mitigate liquidity constraints facing MFIs as a result of the COVID-19 pandemic effects.

Project Detail

Country

Regional

Project Number

RG-L1148

Approval Date

November 19, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 7,600,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 7,600,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-2108982327-1

Donors Memorandum

RG-Q0063 - RG-L1141 - RG-T3689 - Project summary.pdf

Jul. 07, 2021

English

https://www.iadb.org/document.cfm?id=EZSHARE-2108982327-2

Donors Memorandum

RG-Q0063 - RG-L1141 - RG-T3689 - Resumen del proyecto.pdf

Jul. 07, 2021

Spanish

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