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

Multilateral Investment Fund Instrument

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13327-CO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13327-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

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

Have an Environmental or Social issue related to IDB projects? File a Complaint