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Support to the Social Financing Program of Empresas Publicas de Medellin
The general objective is to increase access to productive financing for
micro and small enterprises (MSEs) in the Department of Antioquia.
The specific objective is to expand the Social Financing Program of
Empresas Públicas de Medellín, by developing a sustainable model
for a public utility to provide financing for MSEs.
The project will be complementary to the US$10 million ¿Opportunities for the
Majority¿ (OMJ) loan to expand the scope of EPM¿s Social Financing Program,
and its execution will be closely coordinated with OMJ. First, it will introduce
microenterprises as a group of potential customers with specific needs and
dynamics not addressed in the original design of the Social Financing Program.
Second, it will introduce, for the first time in Colombia, systems of ¿credit scoring¿
for informal segments that otherwise would not have access to financing because of their risk profile, thus, the risk for EPM in serving these markets will be lowered.
The MIF support will facilitate better execution of EPM lending operations with
low-income sectors, which will be financed in part with OMJ funds. Third, both the
OMJ and the MIF projects will be executed by the Business Projects Management
Unit of EPM, ensuring that the two instruments will be implemented in harmony.
The goals of these two projects are closely coordinated.

Project Detail

Country

Colombia

Project Number

CO-M1058

Approval Date

October 5, 2010

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 1,708,037.00

Country Counterpart Financing

USD 1,308,037.00

Original Amount Approved

USD 400,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-12403-CO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-12403-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-347086656-36
EFAs [40650560].PDF
Published Sep. 06, 2016
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-8658
MIF_ Project Status Report ATN_ME-12403-CO [39906357].PDF
Published Oct. 15, 2015
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-8878
MIF_ Project Status Report ATN_ME-12403-CO [39491060].PDF
Published Mar. 18, 2015
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-10200
MIF_ Project Status Report ATN_ME-12403-CO [39052331].PDF
Published Sep. 15, 2014
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-9405
MIF_ Project Status Report ATN_ME-12403-CO [38718447].PDF
Published Apr. 04, 2014
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-9808
MIF_ Project Status Report ATN_ME-12403-CO [38047586].PDF
Published Sep. 10, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-10315
MIF_ Project Status Report ATN_ME-12403-CO [37569835].PDF
Published Mar. 08, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-9186
MIF_ Project Status Report ATN_ME-12403-CO [37090734].PDF
Published Sep. 07, 2012
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-347086656-10997
Franja de Titulares [36595627].ZIP
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16237
Crédito del BID para EPM por 10 millones de dólares [36595080].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16239
BID prestará 10 millones a EPM-UNE [36595133].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16241
EPM suscribe crédito por US10 millones [36595503].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16242
Una buena noticia [36595655].ZIP
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-10426
El BID entrega un millonario crédito a EPM [36593441].ZIP
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16219
BID y EPM suscribieron hoy el contrato de crédito_ Recursos por US10 millones para ampliar cobertura del program [36593882].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-9528
Crédito de EPM para equipos de las pymes [36593205].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-16220
BID y EPM suscribieron contrato de crédito [36593965].PDF
Published Dec. 19, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-347086656-11549
BID apoyará Tarjeta EPM [36272300].PDF
Published Dec. 31, 1999
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