Equity Investment in Resonance Uruguay
Equity Investment and loan to Resonance Uruguay. Resonance is a company legally incorporated in 2007, dedicated to providing solutions for financial inclusion, through the installation and operation of massive networks of POS terminals multipurpose that provides financial transactions in small shops. Resonance, owns a network of 906 POS terminals (POS), 60% of their terminals are located on the inside of the country. These terminals have functionality to perform financial transactions, such as payments, transfers, cash withdrawals and financial correspondents. We also have business services offered through POS terminals to small, such as sale of prepaid products and loyalty programs.

Project Detail

Country

Uruguay

Project Number

UR-Q0004

Approval Date

December 16, 2015

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-15457-UR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-15457-UR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing