Institutional Strengthening of ACME

ACME, which is one of the pioneers in the new trend of professionalization of micro finances in Haiti, has been meeting the financial requirements of a large number of micro entrepreneurs through its credit services, having become in a short period of time one of the leading credit providers for this sector in the country. This institution has decided to take advantage of the oportunities currently being offered by a still underserved market and expand its credit operations to a larger number of micro entrepreneurs, taking the lead in reaching out to Port-au-Prince's more difficult neighborhoods and in the introduction of new financial products aimed at improving the range and quality of the services it offers to its clients. To this end it sought MIF support through the Line of Activity to strengthen its institutional capabilities.

Project Detail

Country

Haiti

Project Number

TC0302007

Approval Date

August 26, 2003

Project Status

Closed

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 250,000.00

Country Counterpart Financing

USD 75,000.00

Original Amount Approved

USD 175,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-517140488-4101

Donors Memorandum

Donors memorandum - Line of Activity - MIF project TC0302007 - ATN_ME-8408-HA [1803007].PDF

Dec. 31, 1999

English