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Wayni Móvil: Digital Banking for the Underbanked
The project aims to help increase financial inclusion among Argentina's socioeconomically disadvantaged population through innovations in financial technology that are very easy for users to adopt. In terms of outcome, the aim is to make the financial services provided by Wayni Móvil widely available, expand its array of products, and extend the average term of its loans by funding its microloan portfolio and strengthening its equity to support its regional expansion.

Project Detail

Country

Argentina

Project Number

AR-Q0018

Approval Date

November 26, 2018

Project Status

Cancelled

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 2,000,000.00

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-17087-AR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-17087-AR
  • 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

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1682171122-2
AR-L1305 - AR-Q0018 - Resumen del proyecto.pdf
Published Feb. 22, 2019
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1682171122-3
AR-L1305 - AR-Q0018 - Project summary.pdf
Published Feb. 22, 2019
Download

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