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Franchises for Rural Pharmacies in Ecuador
The project's goal is to improve the welfare and quality of life of rural populations of Ecuador. The purpose is to establish a franchise model (network of pharmacies) for the provision of quality pharmaceutical services in rural communities in the Sierra Central-South and South Coast of Ecuador. The proposed model will help generate local economic opportunities (micro franchisees), as a new generation of entrepreneurs in rural areas; moreover these new businesses will be a source of formal employment in rural communities. This project represents the first formal initiative of a national pharmacy network to provide affordable products and high quality pharmaceutical services in rural areas in Ecuador, and it is also the first PES in promoting rural pharmaceutical services.

Project Detail



Project Number


Approval Date

December 14, 2012

Project Status


Project Type

Loan Operation





Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code




Facility Type


Environmental Classification


Total Cost

USD 1,485,000.00

Country Counterpart Financing

USD 495,000.00

Original Amount Approved

USD 990,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
SP/OC-12-15-EC Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Social Entrepreneurship Program Financing
Operation Number SP/OC-12-15-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Social Entrepreneurship Program Financing
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