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EC-L1184 : Franchises for Rural Pharmacies in Ecuador

Project Status: Closed

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
EC-L1184
Project Country
Ecuador
Project Sector
HEALTH
Project Subsector
HEALTH SERVICES
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
SP/OC-12-15-EC

Financial Information

Project Number
EC-L1184
Project Status
Closed

IDB Financing

Financing type
SEP
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Apr/12/2013

Project Information

Total Cost
USD 1,485,000
Country counterpart financing
USD 495,000
Amount
USD 990,000

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