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Netwey: Internet for All
Netwey is a startup founded in 2018 with the aim of bringing internet, in a sustainable way, to the homes of typically underserved sectors of the population. Netwey sees as a business opportunity, with potential for social impact, to help close the digital gap in Mexico and collaborate in the economic human development of the country. In its short life, Netwey has connected more than 90,000 families in less than two years (more than 450,000 people) and has the goal of bringing its service to 500,000 homes (approximately 2.5 million Mexicans) in the next 5 years, and thus facilitating digital inclusion, access to information, education and social mobility. Currently and despite its short life, it operates in 17 states of the Republic and its objective is to reach a national presence in 2024.

Project Detail

Country

Mexico

Project Number

ME-L1313

Approval Date

November 5, 2020

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

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 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5150/MS-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 5150/MS-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-476680106-10
Donors Memorandum
ME-L1313 - Resumen del proyecto.pdf
Jun. 16, 2021
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-476680106-11
Donors Memorandum
ME-L1313 - Project Summary.pdf
Jun. 16, 2021
English

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