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RG-T3689 : Locfund Next: Financial Inclusion and Digital Transformation in Microfinance Institutions in Latin America and the Caribbean

Project Status: Implementation

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

Project Number
RG-T3689
Approval date
June 12, 2020
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Technical Cooperation
Environmental and social impact category
B13
Project Status
Implementation
Operation Number
ATN/ME-18044-RG

Financial Information

Project Number
RG-T3689
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/23/2022

Roles & Responsibilities

Contract signature date
Oct/27/2020

Project Information

Total Cost
USD 1,000,000
Country counterpart financing
USD 500,000
Amount
USD 500,000

Approved

Title
Type
Project Number
Date Published
Donors Memorandum
RG-T3689
October 06, 2020
Donors Memorandum
RG-T3689
October 06, 2020