Netwey: Internet for All

Netwey is a startup founded in 2018 with the aim of bringing internet, in a sustainable way, to the homes of typically underserved sectors of the population. Netwey sees as a business opportunity, with potential for social impact, to help close the digital gap in Mexico and collaborate in the economic human development of the country. In its short life, Netwey has connected more than 90,000 families in less than two years (more than 450,000 people) and has the goal of bringing its service to 500,000 homes (approximately 2.5 million Mexicans) in the next 5 years, and thus facilitating digital inclusion, access to information, education and social mobility. Currently and despite its short life, it operates in 17 states of the Republic and its objective is to reach a national presence in 2024.

Project Detail

Country

Mexico

Project Number

ME-L1313

Approval Date

November 5, 2020

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

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

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-476680106-10

Donors Memorandum

ME-L1313 - Resumen del proyecto.pdf

Jun. 16, 2021

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-476680106-11

Donors Memorandum

ME-L1313 - Project Summary.pdf

Jun. 16, 2021

English

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