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ECOMICRO: Agricultural Finance and Smart Data for Climate Adaptation in Ecuador
The proposed project focuses on diversifying and technifying the supply of financial products for rural areas, and in particular, agricultural production. This will be achieved through a platform that translates complex data into usable information for the decision making processes of microfinance institutions (MFIs). The project will put flexible software in the hands of credit officers of MFIs in the field, which not only digitizes their workflow, but also allows d the provision of products adapted to local needs, supporting better management of risks, development of resilience and expansion of products and services in rural areas. The platform will allow the financial sector to: (i) collect economic and agro-productive data from producers digitally in the field, (ii) combine customer data with existing databases of climate scenarios, market prices and risk maps, and (iii) integrate credit analysis with the supply of local technology and service providers that can increase productivity or minimize risks. Together, (iv) the platform will promote continuous learning, based on Big Data analysis supported by artificial intelligence, with respect to finance and inclusive "climate smart" technologies .

Project Detail

Country

Ecuador

Project Number

EC-T1406

Approval Date

October 26, 2018

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 1,565,000.00

Country Counterpart Financing

USD 575,000.00

Original Amount Approved

USD 990,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-17009-EC Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-17009-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1893851299-22
Monitoring and Evaluation Plan (during Execution)
ATNME-17009-EC PSR08175-12312020.pdf
Jul. 19, 2021
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1893851299-12
Monitoring and Evaluation Plan (during Execution)
ATNME-17009-EC PSR08018-06302020.pdf
Jul. 19, 2021
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-457477489-5
Donors Memorandum
EC-T1406 - Donors Memorandum.pdf
Jun. 25, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-457477489-6
Donors Memorandum
EC-T1406 - Memo de donantes.pdf
Jun. 25, 2019
Spanish

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