Youth Entrepreneurs Promotion

This Multilateral Investment Project (MIF) project boosts private investment in innovative business initiatives by the country's youth, age 18 to 25, by strengthening ties between young entrepreneurs,private enterprise, and civil society. The project supports two national competitions in three years that will offer guarantees for the financing of 120 young start-ups to create jobs and income for 500young people. The components are: (a) expansion and consolidation by the Association for Welfare and Development (PROBIDE) of mechanisms for promoting, analyzing, and selecting new youthbusiness proposals; and (b) creation and strengthening of the Private Guarantee Fund to finance the start-up enterprises. Counterpart funds for the Private Guarantee Fund come from PROBIDE, theguarantors, sponsors, and banks. Component one funds: (a) training at three levels û trainers, youth participants, and regional coordinators; (b) strengthening of analysis mechanisms and selection ofinnovative, feasible proposals; (c) promoting the competition; (d) monitoring and oversight, advisory services, and promoting business ties to the wining new businesses; and (e) institutional strengtheningof PROBIDE. Component two offers a financial guarantee mechanism for projects selected in future PROBIDE competitions, in order to increase the creation of small businesses, boost the number ofcredits to this sector, and obtain longer terms, significant grace periods, and lower interest rates than are traditionally given in the financial system. Activities to be funded include: (a) advisory services fororganization of the Fund; and (b) expansion of the Fund.

Project Detail

Country

Peru

Project Number

TC9911183

Approval Date

September 20, 2000

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 2,375,000.00

Country Counterpart Financing

USD 1,560,000.00

Original Amount Approved

USD 815,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1303264980-26

Project Performance Monitoring Reports

PPMR for MIF project TC9911183 - ATN_ME-7138-PE June, 2001 [1784736].PDF

Dec. 31, 1999

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-917344851-93

Donors Memorandum

Promotion of Youth Startups in Peru [420908].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-917344851-125

Donors Memorandum

Promoción de nuevas empresas juveniles del Perú [425114].PDF

Dec. 31, 1999

Spanish