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New markets for small producers and businesses in the rural environs of the District of Quito, Ecuador

Jan 27, 2015

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, recently approved a US$866.337 technical cooperation grant for a project with the Metropolitan Agency for Economic Development (CONQUITO) that aims to improve income and sales among 750 small-scale producers and Micro and Small Enterprises (MSEs) of dairy products, horticulture products, specialty coffee and community tourism services in rural parishes in the northwestern Metropolitan District of Quito. The project will achieve this by establishing sustainable commercial relationships with anchor firms in the value chains of these products, technical assistance and access to new sources of financing.

(CONAFIPS) para promover el acceso a líneas de crédito. The Project will take advantage of business opportunities by linking small scale rural producers to anchor firms that sell to the government through the Inclusive Public Procurement (CPI) system, for dairy and horticulture chains, and by other support programs for small-scale producers and MSEs in the coffee and tourism value chains. Moreover, the MIF will facilitate the set of processes, techniques and inputs that each producer or firm will use to create improved productivity and minimum quality standards, including content and manuals for training. Lastly, in order to ensure their access to financing, the project will facilitate the implementation of partnerships with organizations currently providing financing, such as the National Corporation for Popular Finance (CONAFIPS), to foster access to credit lines. 

The project will catalyze the ongoing efforts of public and private stakeholders, facilitating effective links between small-scale producers or firms in rural areas with value chains that have significant potential for growth in the region. The role of the public sector differentiates this project from other MIF value chain initiatives.

The total investment of the Project is over US$2 million, of which US$1.2 million will be financed with municipal funds and MIF contribution will be $866.637.

About the MIF


The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, is funded by 39 donors and supports private sector-led development benefiting low-income populations and the poor—their businesses, their farms, and their households. The aim is to give them tools to boost their incomes: access to markets and the skills to compete in those markets, access to finance, and access to basic services, including green technology. A core MIF mission is to act as a development laboratory—experimenting, pioneering, and taking risks to build and support successful micro, small and medium business models. More information can be found at www.fomin.org.

About CONQUITO

The Metropolitan Agency for Economic Development (CONQUITO) is an organization, attached to the Municipio of the Metropolitan District of Quito that works in support of the city's socioeconomic development. It was founded and its mission is to promote development, employment, innovation, and appropriate infrastructure for strengthening the business ecosystem of the city and the metropolitan area. Most of CONQUITO’s ongoing projects have been carried out by means of public-private partnerships with a focus on social inclusion within their area of influence. The services offered include business training, business promotion and development, technical innovation assistance, technical and vocational training for job skills, and advisory and administrative services for access to special credit lines. More information at www.conquito.org.ec/

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En 2017 la inversión de Private Equity y Venture Capital superó cualquier máximo registrado: 5.000M€

Madrid, 29 de mayo 2018.- Miguel Zurita, recién nombrado presidente de la Asociación Española de Capital, Crecimiento e Inversión (ASCRI), ha presentado esta mañana los resultados de la actividad de Venture Capital & Private Equity en España en 2017 y en el primer trimestre 2018 durante la inauguración del Congreso Anual ASCRI. El evento, que ha contado con la colaboración de PwC, ICO, ICEX-Invest in Spain, Cofides y la Fundación Rafael del Pino, ha sido presentado por Irene Garrido, Secretaria de Estado de Economía y Apoyo a la Empresa. Han participado también Piel Luigi Gilibert, Chif Executive del European Investment Fund (FEI), fondos de venture capital internacionales como Atomico o Rakuten y casos de éxito como Volotea, Keraben o Grupo Eugin.
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ASCRI and BID-FOMIN sign a collaboration agreement with The Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina And Colombia

30 May 2018 . The Spanish Venture Capital & Private Equity Association (ASCRI), at its annual Conference held on 29 May, signed an agreement with BID-FOMIN and the Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina and Colombia. The objective of this alliance is to build bridges between both continents to promote bilateral investments, strengthen the business ecosystem and develop an information exchange platform.

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