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RG-T1955 : Micro franchising for the Base of the Pyramid: Increasing access to affordable r

Project Status: Closed

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

Project Number
RG-T1955
Project Country
Regional
Project Sector
SOCIAL INVESTMENT
Project Subsector
SOCIAL INVESTMENT
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/OM-12322-RG

Financial Information

Project Number
RG-T1955
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Market Solutions to Mobilize Social Chan
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Aug/30/2010

Project Information

Total Cost
USD 345,000
Country counterpart financing
USD 145,000
Amount
USD 200,000

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