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Lending and Investment

Project Name: Specialized Financial Intermediary Development Fund—Subproject 5 Support for Access to Financial Services for Mini-markets (Pulperias), Microenterprises and Small Businesses in Nicaragua (Nicaragua)
Project Description: The project will comprise two components:
  1. quasi-capital investment; and
  2. technical cooperation. The quasi-capital investment will be shared equally between the Multilateral Investment Fund (IDB/MIF) and the TaiwanICDF, either as a preferred share to be redeemed between the sixth and seventh year following the investment date, or as a subordinated loan with a similar maturity. The executing agency (CrediFactor) will receive non-reimbursable technical cooperation funds with which to strengthen technical capacity and consolidate, expand, monitor and evaluate operations. CrediFactor will also contribute funds in local resources.


Project Objectives: 1. To secure better access to financial services for Nicaraguan microentrepreneurs and small business owners.
2. to support diversification of CrediFactor's credit portfolio by creating a new financial product: microcredit.
Executing Agency: CreditFactor
Implementation Arrangement: The components of this porject consist of quasi-capital investment and technical cooperation. The quasi-capital investment will be shared equally by the MIF and the TaiwanICDF. The instrument to be used may be either a preferred share to be redeemed between the sixth and seventh year following the investment date, or a subordinated loan with a similar maturity. The executing agency (CrediFactor) will receive nonreimbursable technical cooperation funds of up to US$300,000, including strengthening of technicological capacities, cosolidation and expansion and monitoring and evaluation. The CrediFactor will contribute funds in local counterpart resources.
Project Manager: Daphne Tien
Project Coordinator Phone: +886 2 28732323 ext.506
Project Coordinator E-mail: daphne_tien@icdf.org.tw
Signing Date: 2009/4/29
Sector: Economic Infrastructure and Services
Sector Item: Banking and Financial Services
Borrower: CreditFactor
Cooperating Country: Central America, Nicaragua
Cooperating Organization: Inter-American Development Bank (IDB)
Project status: Projects under implementation
  • Hits:37753
  • Date:2010/12/5
  • Date Updated:2018/8/29