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Expansion New Microfinance Institution to Rural Areas
This project aims to establish a new microfinance institution in Ecuador through the financing of a US$1,500,000 loan and a US$ 250,000 technical cooperation.
The general objectives of the project are to:
a) increase access of microenterprises to formal financial markets, especially in the rural areas; and
b) increase market competition in the microfinance sector, thus promoting more discipline in the market place, better quality and more variaty of financial services.

Project Detail

Country

Ecuador

Project Number

TC0110024

Approval Date

December 12, 2001

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 462,600.00

Country Counterpart Financing

USD 297,600.00

Original Amount Approved

USD 165,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-7716-EC Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-7716-EC
  • 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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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1284554856-4002
Project Abstract
Project Abstract for MIF project TC0110024 - ATN_ME-7716-EC [1792790].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1284554856-6337
Project Abstract
Expansión de una nueva institución microfinanciera a áreas rurales de Ecuador [430736].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1284554856-6339
Project Abstract
Expansion of New Microfinance Institution to Rural Areas in Ecuador [414767].PDF
Dec. 31, 1999
English

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