COMFAMA-Social Innovation Platform to Generate New Opportunities and Solutions
The objective of the Technical Cooperation is to foster the capacity building of Comfama with the generation and transformation of co-created social innovation (SI) solutions into scalable business models to address basic social and economic needs of the low-income Base of the Pyramid (BoP) population in the Department of Antioquia, Colombia. The objective will be supported through: i) the creation of a Social Innovation Platform (SIP) operated by the Caja de Compensación Familiar de Antioquia (non-profit Family Compensation Fund) or ¿Comfama¿ that will catalyze the participation of a multi-dimensional group of stakeholders (e.g. private companies, entrepreneurs, universities, policy leaders and communities) in the generation of community-based targeted SI solutions for the BoP; and ii) the transfer of the IDB¿s Opportunities for the Majority (OMJ) project structuring methodology that will equip Comfama with the tools to help ensure that the solutions generated by the SIP will become sustainable business models to reach the BoP with measurable social impact.

Project Detail

Country

Colombia

Project Number

CO-T1347

Approval Date

January 16, 2014

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 300,000.00

Country Counterpart Financing

USD 150,000.00

Original Amount Approved

USD 150,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OM-14293-CO Non-Sovereign Guaranteed USD - United States Dollar Market Solutions to Mobilize Social Chan Nonreimbursable
Operation Number ATN/OM-14293-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Market Solutions to Mobilize Social Chan
  • Financial Instrument: Nonreimbursable