MICROCAPITAL STORY: Inter-American Development Bank’s Multilateral Investment Fund to Invest up to USD 17.2 million in new ProCredit Holding Banks to be Launched in Latin America

The Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) announces plans to invest up to USD 10 million in a project to establish new microfinance institutions (MFIs) in Colombia, Dominican Republic, Honduras and Mexico. The funds will go to ProCredit Holding, an investment company based in Germany and main shareholder in a group of 19 banks in developing economies across Africa, Latin America and Eastern Europe. This group will expand with the edition of these banks in Latin America.

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