Inst. Strength. to Genesis Empresarial
The objective of the project is to strengthen the institutional capacity of Genesis Empresarial in its transformation into a commercial bank specializing in the provision of financial services to the Guatemalan small and microenterprise sectors. The improved institutional capacity will allow Genesis Empresarial to improve its operational efficiency, enhance its financial position, reach a larger number of small and microenterprises, and offer a wider variety of financial services to meet their needs. This project includes the following activities: acquire and operationalize a complete new banking software for their Management Information System (MIS) which will allow Genesis to process portfolio, accounting and treasury information and compile and present reports in a completely integrated manner; acquire upgraded computer hardware, a server, and telecommunications equipment; andtrain pertinent Génesis staff in the operation and maintenance of this software and hardware, and other financial management issues; and (iv) obtain technical assistance in new credit and savings products for the sector.

Project Detail

Country

Guatemala

Project Number

TC9809346

Approval Date

January 4, 1999

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 600,000.00

Country Counterpart Financing

USD 300,000.00

Original Amount Approved

USD 300,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-6343-GU Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-6343-GU
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable