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

Multilateral Investment Fund Instrument

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-6678-BO Non-Sovereign Guaranteed USD - United States Dollar
Operation Number EQU/MS-6678-BO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund:
  • Financial Instrument:

Can’t find a document? Request information

 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

Have an Environmental or Social issue related to IDB projects? File a Complaint