Microfin II

in implementation

The purpose of the IIC loan is to finance eligible projects via subloans to eligible enterprises in Uruguay that meet IIC and Microfinanzas del Uruguay S.A. loan eligibility criteria and environmental and labor requirements. The financial institution has a countrywide presence. Its primary activity is to provide financial services to micro and small enterprises and other segments of the population that are underserved by the traditional financial system, to promote the social and economic development of low-income individuals nationwide.Financing on appropriate terms will make it possible to generate direct and indirect jobs and will improve the financial structure of micro and small enterprises. Microenterprise financing is underdeveloped in Uruguay, with few institutions that specialize in this segment.Microfinanzas del Uruguay S.A. has the support of Grupo Acción Comunitaria del Perú, which is internationally recognized as a top-line company that specializes in the microfinance sector.