Challenge Investment Fund
LACIF's specific objectives will be fivefold. First, to assist financially sound MFIs in obtaining local currency funding which will allow them to continue to grow their loan portfolios during their transformation process. Third, to leverage Development Finance Institution investment capital with financing from private SRIs. Fourth, to support the growth of existing guarantee funds through re-guarantee partnerships. Finally, to "graduate" MFIs to the point that they no longer require guarantees to access commercial bank funding.

Project Detail

Country

Regional

Project Number

TC9703233

Approval Date

November 11, 1998

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 600,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 600,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-6241-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-6241-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing