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RG-M1258 : Grassroots Impact First Investments Latin America

Project Status: Cancelled

The project will support the creation of the Grassroots Impact First Investment Fund, which have the purpose of making equity, equity-like and debt investments in microfinance institutions (MFIs) with a clear social priority. The Fund will support financially sustainable MFIs that prioritize improvement in client welfare over maximizing financial returns. It will provide support through investments and technical assistance to enable MFIs to scale and expand their positive impact on clients.

Project Detail

Project Number
RG-M1258
Approval date
December 17, 2014
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
B13
Project Status
Cancelled
Operation Number
ATN/ME-14840-RG

Financial Information

Project Number
RG-M1258
Project Status
Cancelled

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Project Information

Total Cost
USD 100,000
Country counterpart financing
USD 0
Amount
USD 100,000

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