Profund International s.a.

PROFUND WAS CREATED BY ACCION INTERNATIONAL AND THREE NGOS TO HELP CREATE OR STRENGTHEN INSTITUTIONS THAT PROVIDE FINANCIAL SERVICES TO MICROENTERPRISES IN LATIN AMERICA. IT WAS ESTABLISHED IN PANAMA IN 1993 TO OPERATE ON A FOR-PROFIT BASIS TO PROVIDE EQUITY AND LONG-TERM DEBT FINANCING TO ELIGIBLE FINANCIAL INSTITUTIONS IN ORDER THEY MAY EXPAND THEIR OPERATIONS ON A SUSTAINABLE BASIS. PROFUND WILL PROVIDE TECHNICAL ASSISTANCE AS EQUITY.

Project Detail

Country

Regional

Project Number

TC9404170

Approval Date

December 14, 1994

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 3,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
EQU/MS-0004-RG	Non-Sovereign Guaranteed	USD - United States Dollar	Sep. 30, 2024		MIF-Small Enterprise Investment Fund	Equity Financing

Operation Number

EQU/MS-0004-RG

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Sep. 30, 2024
Signed Date:
Fund: MIF-Small Enterprise Investment Fund
Financial Instrument: Equity Financing

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-2049106384-4135

Donors Memorandum

Donors memorandum for MIF project TC9404170 - EQU_MS-0004-RG [1805103].PDF

Dec. 31, 1999

English