The general objective is to expand the access of the micro and small enterprise sector in Panama. The project involves two components:a) Providing a long-term loan under Facility III-B in the amount of US$2.0 million to support the expansion of Multi-Credit's micro and small enterprise lending activities.b) A technical assistance component under Facility III-A in the amount of US$250,000 to help strengthen Accion Empresarial's structure and operating practices in order to prepare the organization for future growth.Note: The technical assitance component was completed but the long-term loan is still outstanding.
Project Detail
Country
Panama
Project Number
TC9702467
Approval Date
November 19, 1997
Project Status
Closed
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
BANKING MARKET DEVELOPMENT
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 500,000.00
Country Counterpart Financing
USD 250,000.00
Original Amount Approved
USD 250,000.00