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-T3689

Approval Date

June 12, 2020

Project Status

Closed

Project Type

Technical Cooperation

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)

Category B13: Uncategorized Directive B.13

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 500,000.00

Original Amount Approved

USD 500,000.00

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 Other Documents
https://www.iadb.org/document.cfm?id=EZIDB0000474-1822448083-2
Publication
perspectivas-sobre-transformacion-digital-fintech-e-inclusion-financiera.pdf
Jan. 10, 2025
English
 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-718009467-1
Donors Memorandum
RG-T3689 - Resumen del proyecto.pdf
Oct. 06, 2020
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-718009467-2
Donors Memorandum
RG-T3689 - Project summary.pdf
Oct. 06, 2020
English

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