Opportunity International Colombia Finance Co. Start Up

The overall objective of the project is to increase access to financial services for poor and microenterprise in urban and rural areas of Colombia's population. The specific objective is the creation of a new IMF monitored in Colombia that serves about 90,000 people with services of credit, savings, remittances and insurance within five years.
The project will cost a total of US $ 9.5 MM, of which up to US $ 500,000 will be provided by MIF, divided between an investment in the capital of the new entity up to US $ 900,000 (10% of the initial capital) and US300. 000 technical cooperation. OI and its affiliates and partner organizations provide a minimum 90% stake in the new entity regulated, equivalent to US $ 9,000,000 initials, and a counterpart of US $ 300,000 technical cooperation. The expected time for project implementation is 3 years.

Project Detail

Country

Colombia

Project Number

CO-Q0007

Approval Date

November 4, 2009

Project Status

Closed

Project Type

Equity

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

Total Cost

USD 8,500,000.00

Country Counterpart Financing

USD 7,400,000.00

Original Amount Approved

USD 1,100,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
EQU/MS-11880-CO	Non-Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Dec. 2, 2010	MIF-Small Enterprise Investment Fund	Equity Financing

Operation Number

EQU/MS-11880-CO

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Dec. 2, 2010
Fund: MIF-Small Enterprise Investment Fund
Financial Instrument: Equity Financing

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