Fortalecimiento Institucional a Fundación Finca Ecuador

The principal objective of the project is to significantly expand the coverage of lending services to Ecuadorian microenterprises across the country. Specific objectives are to: (i) contribute to the institutional strengthening of Finca Ecuador in microlending within Ecuador, (ii) significantly increase the variety, quality, amounts, and operating efficiency of the financial services available to Ecuadorian microentrepreneurs; and (iii) turn Finca Ecuador into a regulated financial institution subject to oversight.

Project Detail

Country

Ecuador

Project Number

TC0205031

Approval Date

December 9, 2003

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 500,000.00

Country Counterpart Financing

USD 200,000.00

Original Amount Approved

USD 300,000.00

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