The Social Entrepreneurship Program (SEP) provides financing through local partner organizations to individuals and groups that generally do not have access to commercial or development loans on regular market terms.
Under the program, the Bank provides loans and grants to private, non-profit and local or regional government organizations that provide financial, business, social and community development services to disadvantaged populations.
The SEP provides approximately $10 million in financing each year to projects in 26 Latin American and Caribbean countries.
The SEP supports projects that finance entrepreneurial solutions to poverty through two main areas or types of projects:
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