ROLLING OUT PSYCHOMETRIC TOOL FOR EXPANDING SMALL BUSINESS FINANCE

The general objective of the project is to increase access to finance of small enterprises in LAC. The specific objective is to roll out the psychometric credit scoring tool with new applicants of four financial institutions in different countries of LAC.

Entrepreneurial Finance Lab (EFL) developed a unique approach that uses psychometric assessments as a viable low-cost, automated screening tool to identify growth-oriented SME and entrepreneurs, and evaluate their risks. The use of psychometric screening tools of entrepreneurial ability and honesty has huge potential to unlock large-scale bank finance for SMEs in LAC as well as in other developing countries.

Project Detail

Country

Regional

Project Number

RG-M1203

Approval Date

October 5, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 3,097,000.00

Country Counterpart Financing

USD 1,737,000.00

Original Amount Approved

USD 1,360,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/ME-12932-RG	Non-Sovereign Guaranteed	USD - United States Dollar	Jun. 30, 2024	Oct. 10, 2011	Multilateral Investment Fund II (MIF) -	Nonreimbursable

Operation Number

ATN/ME-12932-RG

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jun. 30, 2024
Signed Date: Oct. 10, 2011
Fund: Multilateral Investment Fund II (MIF) -
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-58856652-12650