Cubo: Driving Financial Inclusion of MSMEs in Central America through digital payments

The objective of the project is to promote further digital inclusion of MSMEs in Central America by supporting the expansion of Cubo's payment services for MSMEs in 4 countries (El Salvador, Costa Rica, Guatemala, and Panama), via quasi-equity investment.

Project Detail

Country

Regional

Project Number

RG-Q0106

Approval Date

February 17, 2023

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)

Total Cost

USD 2,500,000.00

Country Counterpart Financing

USD 2,250,000.00

Original Amount Approved

USD 250,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000462-1187951573-3

Donors Memorandum

RG-Q0106 RG-Q0108 Resumen del proyecto.pdf

Jun. 01, 2023

English

https://www.iadb.org/document.cfm?id=EZIDB0000462-1187951573-4

Donors Memorandum

RG-Q0106 RG-Q0108 Executive Summary.pdf

Jun. 01, 2023

English

Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1187951573-2

Profile

IDEATE 2022-11-16 Public Summary 1194 RG-Q0106.pdf

Feb. 08, 2023

English

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