Credit Rating Technology for Emerging Enterprises (IADB-CO-T1458)

  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 12, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Government of Colombia
The holder of the loan, grant, or other investment.
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Oct 24, 2017

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Project Description
The project aims to develop an accessible technological platform dedicated to developing the target market of microenterprises that are in a limbo of economic growth in Colombia, and to generate possibilities of access to credit, offered under a "Lending Marketplace". This solution will contribute to improving the competitiveness of Colombian microenterprises, and consists of three areas: a) Technical advice to the target market in terms of finance, efficiency, credit capacity, productivity and competitiveness. (B) The design of a credit scoring system; and (c) a multiple data aggregate data system or big data and a risk analysis system of the participating companies. This project will support the construction of software and pilot testing of the technology platform in Colombia. The purpose of the tests is to evaluate the results that result from applying the credit scoring through the estimation of the possibility of default in the payment of the credits of the selected emerging companies. To this end, the project will work on developing links between the platform and local financiers in Colombia, for which three of the largest ones have been worked: Banco de Bogotá, Davivienda and Bancolombia.
Investment Description
  • Inter-American Development Bank (IADB)
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).