Risk Capital Fund for Small Enterprises

The Fund will be one of the first equity funds for small companies operating in Argentina. This fund, which will leverage a considerable amount of private resources, could serve to attract other private and public investors as well as management companies to enter this field of operation. The Project finances two components: Technical Assistance to support the creation of local capacities in managing investment funds focused to small enterprises, which will be financed with a grant from the MIF and Banco CREDICOOP for a total of US$ 230,000; and the establishment of a Investment Fund, in which will participate MIF, Banco CREDICOOP and Banco Ciudad. The target of the fund will be to get US$ 20 million with a MIF investment of US$ 6 million.

Project Detail

Country

Argentina

Project Number

TC9810210

Approval Date

September 1, 1999

Project Status

Closed

Project Type

Technical Cooperation

Sector

INDUSTRY

Subsector

INDUSTRY

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 245,500.00

Country Counterpart Financing

USD 110,000.00

Original Amount Approved

USD 135,500.00

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Closed Phase

https://www.iadb.org/document.cfm?id=EZSHARE-924386948-772

Project Completion Report

Fondo Capital de Riesgo para Pequeñas Empresas - MPCR MIF_AT-274 [772047].PDF

Dec. 31, 1999

Spanish

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