Grassroots Impact First Investments Latin America

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

Country

Regional

Project Number

RG-M1258

Approval Date

December 17, 2014

Project Status

Cancelled

Project Type

Technical Cooperation

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)

Category B13: Uncategorized Directive B.13

Total Cost

USD 100,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000.00

Can’t find a document? Request information

Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31994

Agree-Mif Equity

Grassroots Impact First Investments Latin America [39213284].PDF

Feb. 24, 2015

English

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31995

Agree-Mif Equity

Fondo Grassroots Impact First Investments Latin America [39213306].PDF

Feb. 24, 2015

Spanish

Have an Environmental or Social issue related to IDB projects? File a Complaint