Project Name：Specialized Financial Intermediary Development Fund-Subproject 11: Regional Financial Facility for Emergencies and Crises (Central American Region)

Project status：Projects in Operation

Cooperating Country：Central America

Project Description：

Support inclusive financial service providers (IFSPs) in the Central America region, such as production cooperatives, credit unions, and microfinance institutions, to provide emergency financial services to micro and small-sized enterprises and small scaled producers impacted by natural phenomena for post-emergency reconstruction.

Region：Central America

Project Objectives：

Create a long-term financial facility to respond to emergency financing needs of microenterprises, small businesses, and small-scale producers caused by natural disasters and sudden shocks in the Central American region.

Executing Agency：

Covelo Foundation 

Implementation Arrangement：

The TaiwanICDF cooperates with IDB Lab, Covelo Foundation, and impact investors such as Oikocredit to establish a long-term financing facility to provide financing fund to IFSPs to re-lend to micro and small-sized enterprises and small scaled producers for post-emergency reconstruction. The facility offers three credit products to eligible IFSPs, which are liquidity loans, subordinated debt loans, and reconstruction revitalization loans.

Project Contact：Daphne Tien

Phone：+886 2 2888 6078

E-mail：daphne_tien@icdf.org.tw

Signing Date：2022-01-25