PROJECT

Projects

Summary of Proposed Investment

Project Number

10308

Company Name

Ciluluk Village

Date SPI Disclosed

May 4, 2000

Country

Indonesia

Industry

Manufacturing

Projected Board Date

Jun 5, 2000

Status

Completed

Sector

Fabric Mills

Date Revised SPI Disclosed

May 9, 2000

Department

Regional Industry - MAS Asia & Pac

Environmental Category

B - Limited

Previous Events

Approved : Jun 28, 2000
Signed : Jul 17, 2000
Invested : Aug 2, 2000

Project Description

The cooperative is seeking IFC’s medium-term loan financing to:
i) provide working capital facility for the cooperative members, to support and expand their hand-loom activities.
ii) assist the cooperative develop systems so that it can properly manage the allocation, monitoring, and collection of the borrowed funds to/from its members.
Loan financing is currently not available to the cooperative. Technical assistance will be provided through an agreement with a local NGO, Akitiga.

Sponsor / Cost / Location

Development Impact