Uniminuto

completed

The proposed IFC investment is an A loan of up to $8.0 million (to be disbursed as a Peso-linked loan) in favor of Uniminuto, a mid-sized, rapidly growing higher education institution based in Bogotá offering technical, technological and university education in Colombia. Uniminuto currently operates through a wide national network, offering flexible, cost-competitive and quality education to lower and middle income students. In line with a five-year strategic plan (2008-2012) which targets expansion from a current level of 18,000 students to over 30,000 students by 2011, Uniminuto plans to undertake investments over the next 2 years which support the physical, technical, and institutional aspects required for such growth. The total corporate program for this period is estimated at US$18 million, of which US$10 million will be dedicated to expanding student capacity in three key locations (Bogotá, Soacha, Girardot), with an additional US$4 million required for the technology infrastructure which supports the overall educational network. Other important areas of investment relate to reinforcement of quality and efficiency throughout the system.