The objective of this TC is to conduct a pilot project that will test the operational, commercial, financial, and technological viability of a safe, reliable mobile branchless banking and payments platform serving Peru¿s under-served and un-banked population. The pilot will test a range of key operational and technological variables that drive the deployment model¿s operational assumptions and financial projections, including the sustainability of the proposed financial services and the debt servicing capability of the project. Validating key assumptions will allow GKN to establish a solid business plan for a full national roll-out of this innovative service, which will be the basis for committing equity and obtaining debt financing for the project. The proposed TC will support the execution of a loan that Opportunities for the Majority is considering to provide to GloboKas Peru S.A.C. (GKN). The loan seeks to make available financing necessary for the full roll-out (investment loan) of GKN¿s national electronic and mobile payment system in Peru.
Project Detail
Country
Peru
Project Number
PE-T1244
Approval Date
August 17, 2011
Project Status
Closed
Project Type
Technical Cooperation
Sector
SCIENCE AND TECHNOLOGY
Subsector
SCIENCE AND TECHNOLOGY
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 767,771.00
Country Counterpart Financing
USD 384,771.00
Original Amount Approved
USD 383,000.00