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Financial Services through mobile phones for unbanked population

Provide financial services through cell phones to increase banking penetration by banking in low-income segments of the Venezuelan population, in order to improve their quality of life and promote mechanisms to assist in poverty reduction

Project Detail

Country

Venezuela

Project Number

VE-M1017

Approval Date

March 7, 2011

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

SCIENCE AND TECHNOLOGY

Subsector

ICT (INFORMATION AND COMMUNICATIONS TECHNOLOGY)

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

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

Total Cost

USD 1,359,323.00

Country Counterpart Financing

USD 1,046,323.00

Original Amount Approved

USD 313,000.00

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