The objective of this TC is to promote the growth and economic sustainability of low income microentrepreneurs in the food services sector (the ¿Beneficiaries¿) in the state of Sao Paulo, Brazil, through the setting up and implementation of a basic business training program especially tailored to the needs, skills, limitations, and expectations of the beneficiaries. The proposed TC will support the execution of a loan that Opportunities for the Majority is considering to provide to Grupo Tenda, one of Brazil¿s top five food wholesalers. The loan seeks to make available working capital financing, investment loans, and training courses to the Beneficiaries.
Project Detail
Country
Brazil
Project Number
BR-T1188
Approval Date
July 12, 2010
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
MICROENTERPRISE DEVELOPMENT
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 800,000.00
Country Counterpart Financing
USD 530,000.00
Original Amount Approved
USD 270,000.00