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Entrepreneurial Strengthening and Formalization to 500 Informal Businesses
The Regional Competitiveness Mission has identified that one of the most relevant variables that should be taken care of, with the objective of increasing productivity, is the formalization of firms. National statistics had shown that while the percentage of productivity in informality is 6%, in the formalized environment reaches a 41%, indicating that low productivity concentrates, in a high percentage, in an informal environment.

As an answer to this issue, CONFECÁMARAS has adopted a strategy of formalization across the nation in order to be able to increase productivity.

Following this guideline, the "Cámara de Comercio del Cauca" has incorporated in its objectives the development of a formalization strategy that should be linked with the decentralized program that is running through the "Centro de Atención Empresarial" and the RUE.

The "Cámara de Comercio" has the objective of working the informal businesses that are located in the Popayán Municipality by developing a series of activities that should encourage them to formalize their business and demystified the benefits of working in an informal environment.

General Objective:

Promote competitiveness in the entrepreneurial sector of the Popayán Municipality through the formalization and strengthening of business that are operating in the informal economy

Specific Objectives:

Identify and characterize the informal businesses that are located in the Popayán Municipality
Increase the number of formal business
Promote the culture of formality in the Cauca Department and the creation of new businesses
Help the new formalized business to stay in business by providing them technical assistance and training.
Fight against disloyal competitiveness generated by the presence of informal business

Components and Activities

Component 1: Identification of beneficiaries (businesses)

Strategy design
Field work
Systematization and analysis of information


Component 2: Public and private institutional support in order to facilitate the business legalization

Consultancy and technical assistance provided to beneficiaries
Divulge the complete formalization procedure
Legal consultancy
Inscription and commercial license of an individual, legal person and commercial business


Component 3: Consultancy and entrepreneurial training for businesses owners

Development of theoretical and practical entrepreneurial training syllabus
Entrepreneurial consultancy

Beneficiaries 500 business owners and their employees

Expected Results

A document that will identify and characterize the informal economic units in the Popayán Municipality
At least two strategic alliances will be conformed with public or private entities that will be interested on promoting informality
At the end of the project, 500 informal businesses are registered in the "Cámara de Comercio de Cauca"
At the end of the project, the number of registers in the "Cámara de Comercio de Cauca" will register an increase of 15%
At the end of the project 500 people (who work in the legalized businesses) have received training in entrepreneurial topics.

Project Detail

Country

Colombia

Project Number

CO-M1044

Approval Date

July 22, 2008

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

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 288,992.00

Country Counterpart Financing

USD 139,787.00

Original Amount Approved

USD 149,205.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-11104-CO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-11104-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-10598
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-11104-CO [37040286].PDF
Sep. 04, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-15158
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-11104-CO [36802869].PDF
Apr. 13, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-15950
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-11104-CO [36435403].PDF
Sep. 27, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-125
Procurement Plan
Solicitud de no objeción al Plan de Adquisiciones ajustado [36286333].PDF
Sep. 23, 2011
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-15351
Project Performance Monitoring Reports
FOMIN_ Reporte de estado del proyecto ATN_ME-11104-CO [35820206].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-120
Specific Procurement Notices
SERVICIO DE CONSULTORIA Consultants [35542438].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16393
Project Performance Monitoring Reports
FOMIN_ Project Status Report ATN_ME-11104-CO [35524185].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-11752
Project Performance Monitoring Reports
FOMIN_ Reporte de estado del proyecto ATN_ME-11104-CO [35195586].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-8223
Donors Memorandum
Donnors Memorandum [35052045].PDF
Dec. 31, 1999
English
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-15288
Sustainability Plan
Plan de Sostenibilidad [36691661].PDF
Feb. 20, 2012
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-15293
PCR Exit Workshop Aide Memoire
Memoria Taller de Cierre [36691657].DOCX
Feb. 20, 2012
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-8927
MIF Project Product
Informe final visitas de vinculación_ [35672614].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-9057
MIF Project Product
Carpetas Formalizate Dentro [35673117].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16706
MIF Project Product
Informe final visitas de vinculación_ [35672619].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-9242
MIF Project Product
INSERTO 1 [35673017].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-9620
MIF Project Product
Inserto 1 [35673036].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16710
MIF Project Product
Carpetas Formalizate Dentro [35673188].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16562
MIF Project Product
Marca COLOMBIAN en EEUU [35542495].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16563
MIF Project Product
Marca COLOMBIAN en Canadá [35542499].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16564
MIF Project Product
Resolución ISO 17025 [35542503].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16711
MIF Project Product
Convenio Formalización y Emprendimiento [35673561].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-8558
MIF Project Product
Estudio Informales Popayán [35672146].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16703
MIF Project Product
Mapeo Jurídico Popayán, SDER y Bordo Formalización_ [35672205].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-8928
MIF Project Product
Carpetas Formalizate Frente [35673504].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16704
MIF Project Product
RESUMEN EJECUTIVO FORMALIDAD E INCENTIVOS [35672511].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16705
MIF Project Product
Resumen Ejecutivo Formalidad e Incentivos [35672524].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-9141
MIF Project Product
Carpetas Formalizate Frente [35673214].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16709
MIF Project Product
Volante de Sensibilización [35672901].JPG
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-16712
MIF Project Product
Convenio interinstitucional [35673605].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2022823292-9961
MIF Project Product
ESTUDIO_INFORMALES_POPAYAN [35672138].PDF
Dec. 31, 1999
Spanish

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