Small and Microentreprise Financing
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

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-5766-PN Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-5766-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable