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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-T3689

Approval Date

June 12, 2020

Project Status

Implementation

Project Type

Technical Cooperation

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 1,000,000.00

Country Counterpart Financing

USD 500,000.00

Original Amount Approved

USD 500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-18044-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-18044-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-718009467-1
Donors Memorandum
RG-T3689 - Resumen del proyecto.pdf
Oct. 06, 2020
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-718009467-2
Donors Memorandum
RG-T3689 - Project summary.pdf
Oct. 06, 2020
English

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