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-Q0021

Approval Date

December 17, 2014

Project Status

Cancelled

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 30,000,000.00

Country Counterpart Financing

USD 28,000,000.00

Original Amount Approved

USD 2,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-14841-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund
Operation Number EQU/MS-14841-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: