Magma Fund II
The objective of the operation is to support startups that, leveraging the power of digital technologies, seek to expand access to products and services aimed at improving the lives of the Latin American population, as well as helping small businesses to operate more efficiently and improve their processes. To this purpose, the project will invest in MAGMA Fund II, which will focus on Mexico, Colombia and Chile (markets they know well), with secondary interest in countries such as Costa Rica, Ecuador, Peru and others in LAC.

Project Detail

Country

Regional

Project Number

RG-Q0050

Approval Date

May 9, 2019

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

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 20,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-17338-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-17338-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

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-11455206-2
Donors Memorandum
RG-Q0050 - Resumen del proyecto.pdf
Sep. 03, 2019
Spanish

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