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CO-T1236 : Developing Human Capital of Indigenous Peoples and Afro-descendants

Project Status: Closed

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

Project Number
CO-T1236
Project Country
Colombia
Project Sector
EDUCATION
Project Subsector
EDUCATION
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/OC-12614-CO

Financial Information

Project Number
CO-T1236
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Mar/30/2011

Project Information

Total Cost
USD 970,000
Country counterpart financing
USD 500,000
Amount
USD 470,000

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