MICRO-ENTERPRISES

closed

Specific objectives of the project include strengthening the capacity of participating institutions in delivering financial services to microenterprises and assisting these institutions in delivering their services to a larger constituency of microenterprises. The project provides the funds for the following components: (a) short-term loans to microenterprises in the lower stratum for working capital and tools; (b) medium-term equipment lease contracts to both small-scale businesses and microenterprises in the upper stratum; and (c) technical assistance to; (i) assist nongovernmental organizations (NGOs) in training their staff and to adapt their credit procedures and supervision information systems to enable expansion of their credit and support service programs, (ii) provide technical business support services to microentrepreneurs on a demand-driven basis with the NGOs, and other eligible leasing companies as implementing agencies, (iii) conduct a study assessing the development impact of the proposed project, and (iv) conduct regular supervision and monitoring reviews and a performance evaluation of the participating institutions.