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CO-L1279 : ALIATU: Financial Inclusion of Micro and Small Companies in Colombia

Project Status: Implementation

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

Project Number
CO-L1279
Approval date
December 15, 2022
Project Country
Colombia
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
SMALL AND MEDIUM ENTERPRISE
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
5725/MS-CO

Financial Information

Project Number
CO-L1279
Project Status
Implementation

IDB Financing

Financing type
PSL
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jan/30/2023

Roles & Responsibilities

Project Information

Total Cost
USD 11,000,000
Country counterpart financing
USD 9,500,000
Amount
USD 1,500,000

Preparation

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Type
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Date Published