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Scaling up Integrated Microfinance Services
This project supports the creation of the Social Investment Fund 5 (SIF-5), a regional microfinance fund that will provide financing to up to 20 institutions in Latin America and the Caribbean (LAC). The Fund will target microfinance institutions and cooperatives that not only deliver credit but combine landing activities with other services such as health services, business education, technical assistance for small farmers and green technologies (microfinance plus). The Fund will be managed by Global Partnerships (GP), a Seattle-based mission-driven organization with a successful track-record raising and deploying four social investment funds in the region. For the MIF, this project represents an opportunity to support the scaling up of a unique microfinance model that uses integrated services to maximize social impact. At the end of its cycle (year 10), the Fund is expected to have supported the expansion of financing and value-added services to more than 700,000 clients, including women, small farmers and poor populations. To help structure the Fund, the project will include a USD 2.5 million Limited Recourse Loan (catalytic investment), and up to USD 2.5 million in Senior Debt.

Project Detail

Country

Regional

Project Number

RG-M1225

Approval Date

December 5, 2012

Project Status

Closed

Project Type

Technical Cooperation

Sector

SOCIAL INVESTMENT

Subsector

SOCIAL INVESTMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 400,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 400,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13639-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13639-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31753
Technical Cooperation Agreement
Regional_ Préstamo EQU_MS-13640-RG y Cooperación Técnica No Reembolsable ATN_ME-13639-RG Ampliación de los Servi [37264715].PDF
Nov. 03, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31754
Technical Cooperation Agreement
Regional_ Loan EQU_MS-13640-RG, and Nonreimbursable Technical Cooperation ATN_ME-13639-RG Scaling up Integrated [37264728].PDF
Nov. 03, 2014
English

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