latest news

Our latest press releases and project announcements. 

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/

«September 2018»
MonTueWedThuFriSatSun
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567