Data / Partner portfolio / IDB Group / IDB Lab

Financing for Micro and SMEs through Formal Financial Intermediaries

US$ millions unless stated. Haitian fiscal year, October to September. FY2026-27 began October 1, 2026.

Objective

The main objective of this project with Centro Acción / Acción Internacional is to link remittances sent from the United States with microfinance institutions in LAC. The project will promote the participation of microfinance institutions (MFIs) in the delivery of remittances as a way to reduce transfer costs and increase the access of recipient household to financial services. The project will forge links between remittance senders and partner MFIs of Centro ACCION (Centro) in Haiti (Sogesol), Colombia (Banco Caja Social), Bolivia (Bancosol) and Nicaragua (FAMA), and Peru (Mibanco). This project responds to a growing interest to promote the participation of microfinance institutions in the delivery of remittances as a way to reduce transfer costs and increase the access of recipient household to financial services that can help leverage the economic impact of these funds. Access to savings and credit products tailored to low-income families can help families receiving remittances channel these funds towards future investments, such as housing, education or microenterprises. The long-term goal of this project is to work towards linking banking services between immigrants in the U.S. and their families back home. In order to achieve this, the project will develop partnership relationships between MFIs in LAC and banks in the U.S. that share the objective of increasing the access to mainstream financial services of low-income immigrant communities and their families.

As published by IDB projects dataset, in its original language.

Partner

IDB Group, IDB Lab

Sector

Finance and private sector

Stage

Closed

Approval

October 13, 2004

Closing

Not reported

Instrument

Technical cooperation, Non-Sovereign Guaranteed

Effectiveness

Not reported

Last transaction

October 13, 2004

Operation ID

RG-M1030

Financing

Table 1.Financing, US$ millions

Table 2.Position at the data date by source (stocks), US$ millions

Each amount is given as the source publishes it, converted to US$. Amounts by source

New commitments and disbursements by fiscal year

Table 3.New commitments and disbursements by fiscal year (flows), US$ millions

Records and documents

Partner documents

No document is listed for this operation.

Sources

• IDB project page: terms of use set by the publisher
• Transactions: terms of use set by the publisher
• Operation record: terms of use set by the publisher