Summary of Anticipated Development Impacts
The development impact value proposition of the DID facility is to provide working capital to inclusive financial institutions in Ecuador and Colombia.
DID’s operations are aligned with many of the Sustainable Development Goals (SDGs) established by the United Nations. The two financed institutions in Ecuador and Colombia endorse SDG 5 "Gender Equality" and SDG 8 " Decent Work and Economic Growth". This is reflected through their commitment to empower disadvantaged or marginalized populations, including women, by facilitating access to a diverse range of financial services and by developing individual and community assets. The DID facility also provides job opportunities in rural areas.
- Supporting quality employment: Local market development has been at the core of DID’s objectives for the last 50 years. The two institutions provide approximately 1,500 jobs in Colombia and Ecuador. Many of these employment opportunities are for individuals living in underserved rural areas.
- Financial inclusion and economic value addition: The two institutions financed by DID in Colombia and Ecuador generate direct local value added through taxes, salaries and profits of more than US $12 M. They contribute to sector development through their focus on low-income customers, who are the most likely to be financially excluded or have limited access to quality financial services.