The goal is to provide a loan to Tangelo, Colombian Fintech (legal name: Zinobe) and a technology company specializing in offering credit products to people with little or no access to the traditional financial system and to MSMEs that have difficulty obtaining working capital financing from traditional banks. The loan will be used to expand the Aliatu line of credit products designed in conjunction with corporate partners to meet the specific needs of MSMEs and their clients.

Project Detail

Country

Colombia

Project Number

CO-L1279

Approval Date

December 15, 2022

Project Status

Implementation

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 11,000,000.00

Country Counterpart Financing

USD 9,500,000.00

Original Amount Approved

USD 1,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5725/MS-CO Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Private Sector Financing
Operation Number 5725/MS-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Private Sector Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1652206941-4
Donors Memorandum
CO-L1279 Project Summary.pdf
Feb. 21, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-1652206941-5
Donors Memorandum
CO-L1279 Resumen del proyecto.pdf
Feb. 21, 2023
Spanish
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1652206941-3
Profile
IDEATE 2022-06-07 Public Summary 1147 CO-L1279.pdf
Nov. 08, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-556623274-12
Environmental and Social Review Summary
CO-L1279 Aliatu-Tangelo_Resumen de la Revision Ambiental y Social.pdf
Jul. 27, 2022
English

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