Our goal is to improve and expand the financial inclusion of the population over 60 years of age in Latin America and the Caribbean, through access to financial resources that will support innovative solutions (services, products or channels) focused on meeting the needs of this age group.
The proposed solutions must fall within one or more of the following thematic areas:
Banks, microfinance institutions, savings institutions, cooperatives, financial technology companies (fintech), and other entities that provide financial services, including insurance companies or pension funds.
Specialized start-ups, foundations, think tanks, civil society organizations, business and banking associations, philanthropic entities and other public and private sector actors that promote the financial inclusion of people over 60.
• Each selected solution must mobilize a similar amount of financial resources to those received as counterpart. In cash (i.e., resources for payment of incremental project activities) or in kind (recognition of expenses incurred in the project budget).
For a solution to be pre-selected, it must meet at least one of the following criteria:
Once the proposal is pre-selected, it will go through a final selection process conducted by a Selection Committee appointed for this purpose, whose decision will be final.
The committee will focus on the following items:
The maximum implementation time for each solution should not exceed 18 months.
The deadline will be defined based on the work plan agreed with German Sparkassenstiftung and the defined goals.
Banks, microfinance institutions, savings cooperatives, financial technology companies (Fintechs) and other entities that provide financial services including insurance companies or pension funds. As well as social innovators and leaders in the field of aging such as specialized start-ups, foundations, think tanks, civil society organizations, business and banking associations, philanthropic entities and other public and private actors that promote the financial inclusion of people over 60 can participate.
The "Silver Solutions" program will be open to implement in the Caribbean region and Brazil.Solutions can come from any country and beneficiaries of IDB resources.
IDB S&I Country List (The Bahamas, Barbados, Belize, Dominican Republic, Guyana, Haiti, Jamaica, Suriname and Trinidad and Tobago) and Brazil.
a) Supply-side innovations can participate, such as:
b) Innovations that address the demand side,such as those that enable:
c) As well as other innovative models that meet the needs of the population over 60 years of age.
Priority will be given to innovations that facilitate the inclusion of the unserved or underserved population, as well as the low-income and vulnerable population, micro or small business entrepreneurs, women and those aimed at people with disabilities.
All types of proposals and solutions aimed at improving financial services and products for people over 60 can participate, including those aimed at established entrepreneurs over 60.
Yes, you can participate. In this project we will work to link you with a social innovation actor that has a proposal to improve products and services aimed at people over 60. For this we will carry out co-creation sessions (informative meetings, presentation and matching).
Yes, existing collaborative proposals can participate, especially if they meet the scalability criterion, that is, if they do not have limitations for their mainstreaming.
The selected initiatives will be eligible to receive a maximum of US$65,000 with at least an equal amount of counterpart resources.
Financial institutions and/or social innovators may submit their proposals up to the deadline of october 6, 2024. During the month of october, 2024 realizaremos la vinculación para emparejar a las instituciones financieras con un innovador social y de esta manera realizar una preselección de iniciativas. En el mes de november we will perform the final selection. The maximum implementation time should not exceed 18 months.
Complete the electronic form and attach a document describing your proposal which must contain a brief description of the proponent or company, description of the initiative and expected benefits, alignment with thematic axes, general work plan, implementation budget, measurement and progress metrics, target number of beneficiaries and track record of the proponent team/company.
Answer the questions on the form before september 22, 2024 in https://finanzasplateadas.dsik.la/en/iniciativas/convocatoria-soluciones-plateadas/ and do not forget to attach a document with your proposal.
