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RG-Q0021 : 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-Q0021
Approval date
December 17, 2014
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Cancelled
Operation Number
EQU/MS-14841-RG
Financial Information
Project Number
RG-Q0021
Project Status
Cancelled
IDB Financing
Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023
Roles & Responsibilities
Project Information
Total Cost
USD 30,000,000
Country counterpart financing
USD 28,000,000
Amount
USD 2,000,000
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