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Micro franchising for the Base of the Pyramid: Increasing access to affordable r

The KCP will serve to test the hub and spoke model in El Salvador to empower VisionSpring with a fully self-sustaining, more widely-applicable model (in two El Salvador sites), as well as launch a second pilot for the implementation of a sustainable vision program in partnership with a local network, using the business model that best fits the network. These pilots would result in two sustainable vision programs, including one with partner organizations working in the region, with the potential to empower between 50 and 100 Vision Entrepreneurs to provide between 4,000 and 8,000 pairs of glasses. Most importantly, it will lay the foundation for VisionSpring to scale sustainable vision programs, providing both reading and distance glasses, throughout Latin America where they are needed most.

Project Detail

Country

Regional

Project Number

RG-T1955

Approval Date

August 17, 2010

Project Status

Closed

Project Type

Technical Cooperation

Sector

SOCIAL INVESTMENT

Subsector

SOCIAL INVESTMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 345,000.00

Country Counterpart Financing

USD 145,000.00

Original Amount Approved

USD 200,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OM-12322-RG Non-Sovereign Guaranteed USD - United States Dollar Market Solutions to Mobilize Social Chan Nonreimbursable
Operation Number ATN/OM-12322-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Market Solutions to Mobilize Social Chan
  • Financial Instrument: Nonreimbursable
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