Access to Finance for Micro, Small and Medium-Sized Enterprises Project (WB-P163015)

Countries
  • Cape Verde
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 15, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 26, 2018

Disclosed by Bank May 30, 2017


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Project Description

The development objective of the Access to Finance for Micro, Small and Medium-Sized Enterprises (MSMEs) Project for Cabo Verde is to increase access to finance to MSMEs. This project has four components. 1) The first component, Partial Credit Guarantee Fund to Enhance MSME Finance, aims to finance activities to support the establishment and operationalization of a PCG fund to improve access to finance for MSMEs. 2) The second component, Technical Assistance for MSMEs, aims to finance activities to support MSMEs in generating and providing information to financial institutions supporting their loan applications, including the provision of accounting and auditing services and support for preparation of business plans and feasibility studies for new ventures. 3) The third component, Improve Credit Information Systems, aims to support an upgrade and expansion of the coverage and depth of information contained in the central bank’s credit registry, in line with the General Principles for Credit Reporting. 4) The fourth component, Project Implementation Support, aims to cover the project implementation costs.

Investment Description
  • World Bank (WB)
Contact Information
Ministry of Economy and Jobs
Leonilda Mendes
Administradora
Leonilda.Mendes@adei.cv

 

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