Microfinance Access to Prodem

This Multilateral Investment Fund (MIF) project aims to persuade private investors to help finance the development of the microfinance industry in Bolivia, by helping PRODEM PFF, a nonprofit Foundation for the Promotion and Development of Microenterprise, gain access to local financial markets through issue of stock market instruments. Components fund: (a) MIF provision of a financing line to PRODEM PFF for bonds to be issued on the stock market, pending a contract to be signed with a stockbroker and (b) a technical cooperation grant for the institutional strengthening of PRODEM PFF. This will cofinance: (a) the costs of access to the stock market, including legal fees and risk classification on the initial bond issue; (b) strengthening the PFF's financial management via a specialized risk management advisory service; (c) development of new products and financial services; and (d) appraising and reporting on each security issue, so that the experience gained in this pilot project can be disseminated and applied elsewhere in the region.

Project Detail

Country

Bolivia

Project Number

TC9810484

Approval Date

September 22, 1999

Project Status

Cancelled

Project Type

Equity

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 4,000,000.00

Country Counterpart Financing

USD 2,000,000.00

Original Amount Approved

USD 2,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1842105968-7

Multilateral Investment Fund Abstract

BOLIVIA_ Capital Market Access for the Microfinance Industry PRODEM FFP [1103627].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-1842105968-9

Multilateral Investment Fund Abstract

BOLIVIA_ Acceso de las Microfinanzas al Mercado de Capitales PRODEM FFP [1103625].PDF

Dec. 31, 1999

Spanish

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