Improve accessibility and bridge the digital divide, especially in rural areas in the Northern Triangle countries, by providing internet for low-income people and SMEs to boost economic recovery. The project seeks to improve accessibility to internet services and to close the digital divide, especially in rural areas in the countries of the Northern Triangle, by providing internet for low-income people and SMEs. The project will suppor the efforts of Wayfree - a company created in 2019 - and to bring internet to underserved areas or with limited access to this service to users in public areas with high aglomeration of people, such as main squares and municipal markets. Wayfree has developed an innovative business model that seeks to provide Internet connectivity massively and, in some cases, free (or almost free) of charge, to people and businesses through a wide network of transmission points, in areas where Internet operators do not provide services or do so poorly. An innovative feature of Wayfree's model is to make alliances to lower the costs of the infrastructure associated with bringing internet services to last mile users.

Project Detail

Country

Guatemala

Project Number

GU-L1187

Approval Date

December 16, 2021

Project Status

Closed

Project Type

Loan Operation

Sector

SCIENCE AND TECHNOLOGY

Subsector

TELECOMMUNICATIONS INFRASTRUCTURE

Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code

SMP

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 2,000,000.00

Country Counterpart Financing

USD 1,000,000.00

Original Amount Approved

USD 1,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
SP/ES-21-42-GU Non-Sovereign Guaranteed USD - United States Dollar Spanish Fund for the Entrepreneurship Pr Social Entrepreneurship Program Financing
Operation Number SP/ES-21-42-GU
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Spanish Fund for the Entrepreneurship Pr
  • Financial Instrument: Social Entrepreneurship Program Financing