Support Credit Union & Workers' Bank Sy.
The general objective of the proposed project is to provide microenterprises and small businesses with greater access to financial resources by modernizing and institutionally strengthening the credit union and workers' bank system. This will expedite the incorporation of the system's member institutions (credit unions and workers' banks) into the regulated financial sector, in the context of the new Nonbank Financial Intermediaries Act. The modernization and institutional strengthening will mainly entail implementing FEDECREDITO's strategic plan, in order to comply with the requirements of the new Act for the strengthening and transformation of FEDECREDITO, for the benefit of the institutions and all the users of the system, small savings account holders, and those using credit services. The plan will be executed in the five main areas that follow: (1) organizational development; (2) financial management; (3) development of client services; (4) internal control and auditing; and (5) development of communications and information technology.

Project Detail

Country

El Salvador

Project Number

TC0003024

Approval Date

March 7, 2001

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM AND PUBLIC SECTOR SUPPORT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,300,000.00

Country Counterpart Financing

USD 1,300,000.00

Original Amount Approved

USD 2,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-7359-ES Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-7359-ES
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2001409807-41
Project Performance Monitoring Reports
PPMR for MIF project TC0003024 - ATN_ME-7359-ES June 2001 [1786214].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2001409807-263
Specific Procurement Notices
Suministro de Hardware y_o Software Base [35236339].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2001409807-1
Procurement Plan
Procurement Plan [280686].DOC
Dec. 31, 1999
Other
https://www.iadb.org/document.cfm?id=EZSHARE-2001409807-262
Specific Procurement Notices
Software and_or Communications and Computer Equipment Acquisition [35235493].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-917344851-156
Donors Memorandum
Programa de apoyo al sistema de cajas de credito y bancos de los trabajadores [430905].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-917344851-70
Donors Memorandum
Project to Support the Credit Union and Workers' Bank System [415389].PDF
Dec. 31, 1999
English
 Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2001409807-42
Eligibility Memorandum
Elegibility memorandum for MIF project TC0003024 - ATN_ME-7359-ES [1813633].PDF
Dec. 31, 1999
English

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