Multilateral Investment Fund (MIF)
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Aim —
The Multilateral Investment Fund (MIF) supports economic growth and poverty reduction in Latin America and the Caribbean through encouraging increased private investment and advancing private sector development. It works with the private sector to develop, finance, and execute innovative business models that benefit entrepreneurs and poor and low-income households; partners with a wide variety of institutions from the private, public and nonprofit sectors; evaluates results; and shares lessons learned.
More information —
Sectors —
Who can apply
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 — Project 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
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 —