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Zolvers: A FinTech Platform for Domestic Workers
The project will support the consolidation of Zolvers, a digital platform to facilitate the operation of the domestic workers' labor market--created as a digital marketplace that, through a proprietary algorithm and a thorough selection process of workers, ensures an effective meeting between supply and demand for these services. The purpose of the project is to help Zolvers to develop and scale up a FinTech channel, as part of its platform; in order to, on the one hand, encourage the financial inclusion of female workers, and on the other, contribute to generate alternative sources of recurring income to the company.

Project Detail

Country

Argentina

Project Number

AR-G1004

Approval Date

September 26, 2018

Project Status

Closed

Project Type

Investment Grants

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MAJORITY MARKETS DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 1,150,000.00

Country Counterpart Financing

USD 650,000.00

Original Amount Approved

USD 500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRT/ME-16941-AR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Contingent Grant Financing
Operation Number GRT/ME-16941-AR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Contingent Grant Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1963899878-2
AR-G1004 - Resumen del proyecto.pdf
Published Nov. 05, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1963899878-3
AR-G1004 - Project summary.pdf
Published Oct. 31, 2018
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