Mobile Saving Accounts for low-income households

The project aims, to develop a solution that allows mobile phone users to use their device for electronic monetary transactions. The project will: 1) Link unbanked users to increase the base of people working in the formal financial system, 2) reduce the use of cash to make safer and more efficient monetary operations, contributing to the formalization of these operations.

Project Detail

Country

Colombia

Project Number

CO-M1080

Approval Date

July 6, 2012

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,521,200.00

Country Counterpart Financing

USD 681,200.00

Original Amount Approved

USD 840,000.00

Can’t find a document? Request information

Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1969263813-46

Project Performance Monitoring Reports

MIF_ Project Status Report ATN_ME-13327-CO [38723666].PDF

Apr. 08, 2014

English

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31669

Technical Cooperation Agreement

Cuentas de Ahorro Móvil para Hogares de Bajos Ingresos [36856968].PDF

Nov. 03, 2014

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31670

Technical Cooperation Agreement

Mobile Savings Accounts for Low-Income Households [36856978].PDF

Nov. 03, 2014

English

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