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Institutional Strengthening to Sogebank

The objective of the project is to strengthen the institutional capacity la Société Général Haitienne de Banque S.A. (SOGEBANK) to design, establish and profitably operate an affiliated company which specializes in lending to small and microentrepreneurs. The project will allow SOGEBANK to carry out the needed studies to design the new lending operation, acquire the appropriate technology, install a specialized management information system, and obtain technical management assistance in microfinance, all of which will be installed in the new company to be created. The principal activities that SOGEBANK will carry out during the next twelve to 18 months include: a. Hire consultants to assist in the preparation of a market study and strategic plan for the establishment of a microcredit lending company of which SOCEBANK is a major shareholder. b. Send key SOGEBANK management staff for exchange visits to other Latin American commercial microfinance institutions to gain a better understanding of the critical issues in microfinance operations. c. Obtain technical assistance in the design and set-up of operations of the company, including at least two microlending offices in the first two years. This will include capital and ownership structure, operational structure, product design, procedures, staff selection and training, and information systems. d. Research, select, purchase and install an appropriate Management Information System (MIS) which will permit full and efficient automatization of all lending operations. e. Hire and train management and credit officers in optimum credit technology and procedures to efficiently reach the micro and small enterprise sectors. f. Purchase and install necessary equipment (motorcycles, office equipment, computers) for full operation of lending offices. g. Begin microlending operations in one office in the first year, and open a second office in the second year.

Project Detail

Country

Haiti

Project Number

TC9810020

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

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 680,000.00

Country Counterpart Financing

USD 380,000.00

Original Amount Approved

USD 300,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-6341-HA Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-6341-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1801501735-3038
Line of Activity
HAITI_ Institutional Strengthening of SOGEBANK [1173279].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1801501735-3039
Line of Activity
HAITI_ Fortalecimiento Institucional de SOGEBANK [1173280].PDF
Dec. 31, 1999
Spanish

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