Multilateral Investment Fund (MIF)

Multilateral Investment Fund (MIF)- Inter-American Development Bank Location: IDB Headquarters 1300 New York Avenue, N.W. Washington, D.C. 20577, USA Contact: Telephone: (202) 942-8211 Fax: (202) 942-8100 e-mail: [email protected] Financed by: Inter-American Development Bank Website: link

Finance Finance mechanism: Grants and investments Budget: US$2.2 billion Funding range: Minimum: Maximum: Minimum return on investment: Period / deadlines: On-going

Aim — to promote broad-based economic growth through private sector development, particularly microenterprises and small businesses

More information —

Sectors —

Who can apply

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Type of organisations targeted —

Specific organisations targeted — Micro and small businesses

Type of projects —

Specific type of projects — MIF resources go towards projects falling under three main categories: Business Framework Enterprise Development Financial Democracy

Project stadia —

Target world region —

Specific information on target countries — Latin America and the Caribbean\

Criteria — projects characteristics: Innovation: Projects should be fresh, introducing new approaches to promote private sector development and poverty reduction. Demonstration Effect: Projects should have the potential of being taken to scale, or replicated in other sectors and/or countries. Sustainability: Projects should have a feasible plan and strong potential for financial sustainability once MIF financing comes to an end. Partnership: Projects are carried out with local partners, which are responsible for contributing between 30 to 50% of project costs. Additionality: Projects must show that MIF financing is essential to their execution and is the most appropriate funding source.

How to apply

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Application procedure — After making sure that the idea fits with MIF priorities, visit the Financing Opportunities section for more details. Soon, an online application form will be available to submit project ideas.

Selection procedure —