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

Multilateral Investment Fund Instrument

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-6632-AR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-6632-AR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable