Project Name：Specialized Financial Intermediary Development Fund— Subproject 6: Próspero Microfinanzas Fund

Project status：Completed projects

Cooperating Country：Central America, South America, Nicaragua, Ecuador

Project Description：

TaiwanICDF contributed to the Próspero Microfinanazs Fund (Fund) through IDB Lab. The Fund will invest in the microfinance institutes in the Latin America and Carribean region(Subprojects). Prospero Mircofinanzas GP, Ltd. is responsible for identifying and managing the Subprojects. The key governance structure of the Fund is composed of the Adivisory Committee and the Investment Committee.

Region：Central America, South America

Implementation Start Date：2012-05-30

Implementation End Date：2019-05-29

Project Objectives：The specific objectives of the project was (i) to make equity and equity-like investments predominantly in small microfinance institutions (MFIs) in the Latian America and the Caribbean region to create a more competitive microfinance industry, and (ii) to expand the microfinance frontier to demonstrate the business opportunity and social importance of serving the less penetrated microfinance markets.

Executing Agency：Prospero Mircofinanzas GP, Ltd.

Implementation Arrangement：The Fund’s principal investment strategy was the acquisition and management of equity and quasi-equity investments in nine or ten MFIs which had been transformed, or were transforming, into regulated and supervised institutions.

Signing Date：2012-05-30