- Loan Open For Subscriptions Until 4 Sep 2025
Building emergency readiness capability across Bogota’s bus network
Vivaldi – Ingenieria Hospitalaria SAS
- Colombia
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- 10,000 AUD
Amount committed of 40,000 AUD target. This loan will be only be funded if it reaches the target amount.
Vivaldi is saving lives on Bogota, Colombia’s public bus network by installing and maintaining Automated External Defibrillators (AEDs). The 4 million per day bus users already have access to 110 AEDs installed by Vivaldi since November 2024. They now need capital for more units to expand the coverage across the bus network to ensure more travellers have access to this life saving technology.
- 1 Lenders
Committed
- 6 months
Loan Period
- 20%
Interest Rate
- BACKGROUND
Loan summary
Vivaldi’s mission is to make easier the job of caring and saving lives. This AED installation program, undertaken under their brand Amigo Corazón, is one way they are delivering this mission.
There are more than 60,000 annual deaths from cardiovascular causes in Colombia, a significant proportion of which are sudden cardiac arrests. Approximately 70% of cardiac arrests occur outside hospital settings. Survival without rapid intervention is below 10%.
With the availability of AEDs and proper training, survival can increase substantially, potentially reaching up to 70% under optimal conditions. Identifying this as a key focus area, Vivaldi launched Amigo Corazón, which focuses on installing AEDs across Colombia and training people to use them. This is not just about having the units available, but is changing the culture around emergency preparedness and with that changing lives.
As part of this program, Vivaldi is working with Transmilenio to install and maintain AEDs in the Bogota bus network. They began rolling out units in the network in November 2024 and currently have 110 installed. They now need financing for the next 20 which will provide increased network coverage.
Borrower's mission
The Bogota bus network AED roll out is one part of what Amigo Corazón does to fulfil Vivaldi’s broader mission. To date, Amigo Corazón has installed over 2500 units across Colombia and trained over 15000 people in their use.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
Intermediary's experience with impact enterprises
For more than 9 years, Red Hat Impact has helped impact enterprises by raising capital and providing other kinds of business and strategy support. We have raised more than $3M from our network of impact investors, and loaned this capital to support 30 enterprises. We use a crowd-lending model to raise loan capital. As of May 2024, we maintain a 98% success rate on loan repayment. We establish close working relationships with all of the impact enterprises we raise debt capital for, and co-manage risks with them during the loan term.
- IMPACT
Impacts and how they are measured
With the loan capital, Vivaldi will be able to continue to expand coverage of installed AEDs across the Bogota bus network and provide access to this life saving technology to 4 million travellers per day for years to come. Travellers and bus network staff will have raised awareness of, and the ability to, take action in times of emergency which is all part of the broader Vivaldi mission. Key metrics of the project will be: * successful installation of the AEDs across the Bogota Bus Network * excellence in maintenance and monitoring of units so all are working 100% of the time. Vivaldi can also see if the AEDs are used and can collect data on lives saved.
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