The program will help microentrepreneurs and low income borrowers affected by the earthquake, by providing structured support to the microfinance institutions (MFIs) that serve them. The program will provide contingent recovery financing to temporarily acquire earthquake-related portfolio in arrears from eligible MFIs. This will allow beneficiary MFIs to re-establish their operations; refinance/restructure loans affected by the earthquake providing improved financing terms to its affected borrowers; free-up their capital, and access liquidity to continue borrowing and lending. There will be recourse of the Program to the MFIs at a pre-defined threshold.

Project Detail

Country

Haiti

Project Number

HA-M1033

Approval Date

June 2, 2010

Project Status

Closed

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 6,360,000.00

Country Counterpart Financing

USD 4,110,000.00

Original Amount Approved

USD 2,250,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATC/ME-12177-HA Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Contingency Recuperation Grant
ATN/ME-12178-HA Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATC/ME-12177-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Contingency Recuperation Grant
Operation Number ATN/ME-12178-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable