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-L1148

Approval Date

November 19, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 7,600,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 7,600,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5197/CF-RG Non-Sovereign Guaranteed USD - United States Dollar Common Account - COFAB MIF Financing
5197/CF-RG-DE Non-Sovereign Guaranteed USD - United States Dollar Common Account - COFAB Private Sector Financing
Operation Number 5197/CF-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Common Account - COFAB
  • Financial Instrument: MIF Financing
Operation Number 5197/CF-RG-DE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Common Account - COFAB
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2108982327-1
Donors Memorandum
RG-Q0063 - RG-L1141 - RG-T3689 - Project summary.pdf
Jul. 07, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-2108982327-2
Donors Memorandum
RG-Q0063 - RG-L1141 - RG-T3689 - Resumen del proyecto.pdf
Jul. 07, 2021
Spanish

Have an Environmental or Social issue related to IDB projects? File a Complaint