Social Entrepreneurship Program (SEP) - Inter-American Development Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Americas
Thematic focus: 
Tourism in general
Energy in Tourism
Infrastructure in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
The Social Entrepreneurship Program (SEP) provides financing through local partner organizations to individuals and groups that generally do not have access to commercial or development loans on regular market terms.

Official website

http://www.iadb.org/en/about-us/idb-financing/social-entrepreneurship-program,6064.html

Geographic focus

26 Latin American and Caribbean countries.

Who can apply?

Private, non-profit and local or regional government organizations that provide financial, business, social and community development services to disadvantaged populations.

Objectives and activities

Objective: The Social Entrepreneurship Program (SEP) provides financing through local partner organizations to individuals and groups that generally do not have access to commercial or development loans on regular market terms.

Activities: The SEP supports projects that finance entrepreneurial solutions to poverty through two main areas or types of projects:

  • Finance and Rural Business (including production, processing, marketing and value chains). These projects target rural micro and small producers from marginalized communities, with the purpose of providing: (a) access to finance with the support of innovative financing mechanisms; and (b) access to national and international markets through value chains that link small scale enterprises with larger ones.
  • Provision of Basic Services (including support to private alternative providers of education, health, potable water, electric and/or renewable energy, among others). The projects to be financed are pilot initiatives, and social projects with business approaches that can be scaled up, thus providing a demonstration effect in providing basic services.

Examples: Social and community development and Sustainable Tourism Projects.

Type and level of funding

The SEP provides approximately $10 million in financing each year to projects in 26 Latin American and Caribbean countries. Under the program, the Bank provides support in form of loans and grants.

The interested institution or organization should contact the MIF Specialist in the IDB Country Office in their country, for guidance and assistance in filling out the Preliminary Application Form. If the application is deemed eligible, the IDB/MIF contacts the Executing Institution in order to prepare the Social Entrepreneurship Project Profile (five pages maximum). Then, the institution will be asked to present institutional information and financial statements from the last three years.