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RG-Q0008 : Microfinance Growth Facility (MiGroF)

Project Status: Closed

The main objective of this Facility is intended to facilitate sustained growth of micro and small enterprises in light of the contraction of international financing sources due to the global financial crisis. This facility seeks to partially compensate for the shortfall from the reduction of domestic and external sources of funding that MFIs are facing in the LAC region. The Facility will suply eligible MFIs and MIVs with medium and long term senior and subordinated loans, which in turn will be on-lent to thousands of micro and small enterprises.

Project Detail

Project Number
RG-Q0008
Project Country
Regional
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
MICROENTERPRISE DEVELOPMENT
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
EQU/MS-11726-RG

Financial Information

Project Number
RG-Q0008
Project Status
Closed

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Mar/16/2010

Project Information

Total Cost
USD 175,000,000
Country counterpart financing
USD 165,000,000
Amount
USD 10,000,000

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