Developing Human Capital of Indigenous Peoples and Afro-descendants
Main Objective and relationship with previous MIF Technical Cooperation: The main objective of this KCP is to broaden access to higher education for indigenous peoples and Afro-descendants in Colombia through scaling up and transferring knowledge about the design and management of Human Capital Funds (HCF), an innovative and sustainable financing approach developed by Lumni Inc that has been recognized by Ashoka and described as one of the most important social entrepreneurship initiatives of this decade in the Americas . The development of this methodology was supported from the beginning by MIF through a technical cooperation that strengthened the institutional and managerial capacities of Lumni. Therefore this initial support created the necessary conditions to scale up this methodology and disseminate it among leading private and public sector actors in the region.

Project Detail

Country

Colombia

Project Number

CO-T1236

Approval Date

December 15, 2010

Project Status

Closed

Project Type

Technical Cooperation

Sector

EDUCATION

Subsector

EDUCATION

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 970,000.00

Country Counterpart Financing

USD 500,000.00

Original Amount Approved

USD 470,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-12614-CO Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-12614-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable