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Creation of a Microfinance Bank in the Nordeast Region
The objective of the project is to develop a sound microfinance institution and promote microfinance investments in Brazil, to increase the availability of financial services for microenterprises. The purpose of the project is to create a new bank specialized in microfinance that will serve the Northeast region.

The project will consist of an equity investment in shares of the new bank, and an accompanying technical cooperation to train staff and help structure the new organization.

Project Detail

Country

Brazil

Project Number

BR-M1106

Approval Date

December 14, 2011

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 2,305,500.00

Country Counterpart Financing

USD 1,110,000.00

Original Amount Approved

USD 1,195,500.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13112-BR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13112-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31623
Establecimiento de una Institución Microfinanciera en la Región Nordeste [36508803].PDF
Published Aug. 04, 2014
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31624
Establishing of a Microfinance Institution in the Northeast Region [36508853].PDF
Published Aug. 04, 2014
Download

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