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

Country

Ecuador

Project Number

EC-S1018

Approval Date

December 14, 2012

Project Status

Closed

Project Type

Technical Cooperation

Sector

HEALTH

Subsector

HEALTH SERVICES

Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code

SMP

Modality

Facility Type

Environmental Classification

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

Total Cost

USD 410,900.00

Country Counterpart Financing

USD 160,900.00

Original Amount Approved

USD 250,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/OC-13617-EC	Non-Sovereign Guaranteed	USD - United States Dollar	Jun. 30, 2024	Apr. 12, 2013	Ordinary Capital	Nonreimbursable

Operation Number

ATN/OC-13617-EC

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jun. 30, 2024
Signed Date: Apr. 12, 2013
Fund: Ordinary Capital
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1995013399-351