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Locfund Next: Financial Inclusion and Digital Transformation in Microfinance Institutions in Latin America and the Caribbean

Locfund Next will contribute to advance financial inclusion by addressing key constraints that hinder Microfinance Institutions' (MFIs) growth and potential impact in delivering financial services to populations at the bottom of the pyramid throughout LAC. It will start providing financing in 2020, helping to mitigate liquidity constraints facing MFIs as a result of the COVID-19 pandemic effects.

Project Detail

Country

Regional

Project Number

RG-Q0063

Approval Date

June 12, 2020

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Multilateral Investment Fund Instrument

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 1,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-18045-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-18045-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-1395286131-4
Donors Memorandum
RG-Q0063 - RG-L1141 - RG-T3689 - Project summary.pdf
Jul. 05, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-1395286131-5
Donors Memorandum
RG-Q0063 - RG-L1141 - RG-T3689 - Resumen del proyecto.pdf
Jul. 05, 2021
Spanish

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