Local Currency and Securities Market Financing for Microfinance Institutions
The project's purpose is to help Tier 2 and Tier 3 microfinance institutions to access domestic capital markets and local currency financing, in order to expand their operations to reach underserved populations. A fund will be established that will provide local currency lending and will underwrite debt placements of MFIs in the domestic (local currency) capital markets.

Project Detail

Country

Regional

Project Number

RG-Q0031

Approval Date

July 17, 2013

Project Status

Implementation

Project Type

Equity

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)

-

Total Cost

USD 8,022,000.00

Country Counterpart Financing

USD 22,000.00

Original Amount Approved

USD 8,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-13906-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-13906-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing