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CO-L1080 : Social Financing Program EPM-UNE

Project Status: Closed

The Project would do the following: (i) provide credit at competitive market rates primarily to low income customers of EPM, many of whom have never received a loan; (ii) more specifically, provide these customers access to home improvement finance and financing for new and more efficient appliances and potentially other goods and services, and (iii) improve efficiency in the consumption of energy by giving the beneficiaries the possibility to replace old appliances with more-energy efficient ones.

Project Detail

Project Number
CO-L1080
Project Country
Colombia
Project Sector
SOCIAL INVESTMENT
Project Subsector
HUMAN RESOURCES & WORKFORCE DEVELOPMENT
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
2217/OC-CO

Financial Information

Project Number
CO-L1080
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/14/2011

Project Information

Total Cost
USD 40,000,000
Country counterpart financing
USD 30,000,000
Amount
USD 10,000,000

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
CO-L1080
September 23, 2009

Approved

Title
Type
Project Number
Date Published
Loan Proposal
CO-L1080
January 15, 2010
Loan Proposal
CO-L1080
January 13, 2010