The main objective of this project is to boost the institutional capacity of the Sartawi Rural Financial Service during the preparatory stage of its transformation into a Private Financial Fund (PFF) providing financial services to small business and microenterprise, mainly in rural areas. This operation will help to create the necessary conditions for SFR to obtain SBEF authorization to organize and operate as a PFF, and to attract private investors to participate in the undertaking. The three main activities that SFR will carry out as part of the operation are: a. Hire specialized technical assistance to (i) assess the financial services methodology and subsequently introduce improvements; (ii) reengineer operating processes; (iii) identify and design new financial services, including savings accounts; (iv) design a marketing strategy for its services; (v) perform a diagnostic and submit a proposal for requirements in terms of computerized operating systems; (vi) develop and/or procure systems and computer and telecommunications equipment; and (vii) install and implement a management information system. b. Provide key management and operating personnel with training to effect the changes in credit methodologies, systems reengineering and new financial services. The training will be carried out jointly by outside consultants and the Human Resources Department through seminars and in the workplace. c. Acquire software for the management information system and computer equipment needed to use the new programs and modernize electronic telecommunications throughout the network.
Project Detail
Country
Bolivia
Project Number
TC9902018
Approval Date
May 25, 1999
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
PRIVATE FIRMS AND SME DEVELOPMENT
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 498,000.00
Country Counterpart Financing
USD 198,000.00
Original Amount Approved
USD 300,000.00