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Locfund Next: Financial Inclusion and Digital Transformation in Microfinance Institutions in Latin America and the Caribbean
Locfund Next will contribute to advance financial inclusion by addressing key constraints that hinder Microfinance Institutions' (MFIs) growth and potential impact in delivering financial services to populations at the bottom of the pyramid throughout LAC. It will start providing financing in 2020, helping to mitigate liquidity constraints facing MFIs as a result of the COVID-19 pandemic effects.

Project Detail

Country

Regional

Project Number

RG-L1141

Approval Date

June 12, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 41,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5047/MS-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 5047/MS-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-794503217-5
Donors Memorandum
RG-L1141 - Project summary.pdf
Oct. 08, 2020
English
https://www.iadb.org/document.cfm?id=EZSHARE-794503217-6
Donors Memorandum
RG-L1141 - Resumen del proyecto.pdf
Oct. 08, 2020
Spanish

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