Support to: Building a Secure Mobile Financial Transactions System in Peru
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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-12872-PE Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-12872-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable