PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599797

Primary Business Area

Access To Finance

Disclosure Date

Nov 12, 2013

Country

India

Region

South Asia

IFC Approval Date

Aug 2, 2013

Status

Completed

Estimated Total Budget

$240,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated End Date

Sep 30, 2015

Project Description

Maanaveeya is an Indian subsidiary of Oikocredit, Ecumenical Development Cooperative Society U.A.. Maanaveeya has operated since 2004 as a development finance company, and offers bulk loans to microfinance institutions and other agencies for development projects, besides support through guarantees and equity participation. In order to support Maanaveeya in a holistic manner, IFC has structured this project into following three components:
1) Improve and strengthen organizational capabilities of Maanaveeya in the AVCF space
2) Development & capacity enhancement of Maanaveeya's partner institutes (i.e. tier-I) in the AVCF space
3) Building of Maanaveeya's portfolio in the AVCF space
Towards the end or after the completion of this project, we expect Maanaveeya to be able to offer more than credit to farmers/ SMEs.

Development Results