43

N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$% & % '$'& ()& *+,*#"'+& -$$.#(! /($,0+& *($,012(*+& 30$*,+456(*+&/$-( ,+&2+,-$.#(!&78989:& ,(-;

"$'+4#*(+,&$)$,0+&,<=&>8??@8989

'ABCDAEF&&88@9G@8989

���HI�JK�L�M��K��JN��

O('0+'=L

PQRSTUVWXUYQRXZR[\RPX]R _abacdR]RX[RefPR_ghRPX]RiRabaj RSXRklXUWVWXUYQURSX[RmXnYQlkop[TnQRV\l\RX[R\qQR c chReXnlXYQRmWVlXrQR _R sgtcajuRebmbR _Ravatca R]RUWUrQSTwTn\nTQZXUuR\rpQURSX[RxTZTUYXlTQRSXRySWn\nTzZhRPX]RiRajb{{cuR|WXRXUY\p[XnXR}\UXURSX[QURklQnXSTrTXZYQUR~SrTZTUYl\YT�QUR|WXRlT�XZR[QUR~nYQURSXR[QUR�l�\ZQURSXR[\R~SrTZTUYl\nTzZ

SX[RyUY\SQhR]RXZR[\UR�XUQ[WnTQZXUR_URvR]R{uRSXR[\R�QZYl\[Ql�\R�XZXl\[RSXR[\R�XVop[Tn\bR

L

*+,'(-$" ,-+=L

\b�Ry[RrXrQl�ZSWrR�yeRSXRklQ�l\r\Rf� ey���kR_Rvasatc cuRrXST\ZYXRX[RnW\[RUXRUQ[TnTY\\VlQp\lR[\URp\UXURSX[R��R�� ���m�ReyRy���k~x�y ��R��y ��f���R�R�y� �P�����xye�~ �Rf� ey���kR�Rc cuR~ �eR]RnQZ�XZTQRYTVQR|WXRUXR\S�WZY\b

R

pb�Ry[RnXlYTwTn\SQRSXRlX�TUTzZRSXRp\UXUuRSX[ReXV\lY\rXZYQRe�kRSXRrXrQl�ZSWrRSX[rXZnTQZ\SQReXV\lY\rXZYQR_Rgg{dtc cR|WXRnQZYTXZXRX[R�TUYQR}WXZQR\R�UY\Ub

R

nb�Ry[RnXlYTwTn\SQRSXRlX�TUTzZRSXRp\UXUuRnQZ�XZTQRXRTZUYlWnYT�QRSXRe~fRSXRagRSXR\plT[RSXRc cu|WXRZQRVlXUXZY\RQpUXl�\nTQZXUR\[RYX�YQRSXR[\UR}\UXUuRnQZ�XZTQRYTVQRXRTZUYlWnYT�Qb

R

Sb�RPQRSTUVWXUYQRXZR[\R�XUQ[WnTzZR_RvuR\lY�nW[QRaauR_RaabdhR]R�XUQ[WnTzZR_R{R\lY�nW[QRauR_auR\rp\URSXRcajuRSXR[\R�QZYl\[Ql�\R�XZXl\[RSXR[\R�XVop[Tn\b

R

Xb�R�m��������R�y y�~PReyR�y e���� ReyR��y �~mReyR~ �e�R��y �R�� ���m�Reyy���k~x�y ��R��y ��f���R�y� �P�����Rxye�~ �R�f� ey���k�uR|WXRUXR\nQrV\q\R\[nTY\SQRrXrQl�ZSWrR�yeRSXRklQ�l\r\Rf� ey���kR_Rvasatc cb

R

wb�RP\URw\nW[Y\SXUR|WXRSXYXZY\RXUY\ReTlXnnTzZR \nTQZ\[RXZR�TlYWSRSXR[QRSTUVWXUYQRXZR[\RPX]_abacduRX[RefPR_gR]RXZReXnlXYQRmWVlXrQR_RsgtcajuR\rpQURSX[RxTZTUYXlTQRSXRySWn\nTzZb

R

L

"$'#$4O+=L

Page 2: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

� !"#$%&'(#)*+",-."/-.0."10"23.45,-6789"63::0.239170940."-,";<"=>)=&%*>"?++@&;$#A;+)B>"=;+)BCD;=>"E"B+=)>FGH;=>"A+?;#)>"D>)?+@&;$"I"JKJKL"#);?ML"65N340O43"0."0,".7P570940Q

"

RSRTRUVWXYSZTXR[TR\SV

]

_``YSWaTabaSWaZVcaSaXYdaZV

"

F-."2:0.0940."/-.0.":0P5,-9",3."-.20643."4e69763.L"f79-9670:3."N"-1g797.4:-47h3."10,"63965:.3"100i572-g70943"g017-93"10,"D3913"10"+i572-g70943"=7094jf763"N"B0693,8P763L"09"-10,-940"D>)?+@&;$L796,5N0913",-"23.45,-6789L"0h-,5-6789L".0P57g70943"N"670::0"10",3."2:3N0643."f79-967-13."23:"0,2:0.0940"63965:.3

"

_k_` blmnopqnprsVtluV[ovwoxyxV

"

+,"2:3P:-g-"D>)?+@&;$"f50"6:0-13"09"0,"-z3"JK��"639"0,"3/{047h3"10"094:0P-:"f79-967-g70943"-4:-he."10"59".7.40g-"10"63965:.3."2-:-",-"-1i57.76789L"-645-,7|-6789"N}3"-660.3"-"0i572-g7094367094jf763"N"40693,8P763L"10.479-13"-"-647h71-10."10"79h0.47P-6789L"4-,"63g3"0.4-/,060"0,"?06:043"639D50:|-"10"F0N")~���}JK�J"10,"A797.40:73"10"+156-6789L"i50":0P5,-"0,"$:3P:-g-L"g317f76-13"23:?06:043"*52:0g3")~���}JK��"10,"A797.40:73"10"+156-6789

*5"g7.789"0."2340967-:"N"2:3g3h0:"0,"10.-::3,,3"10",-"79h0.47P-6789"09"0,"2-j.L"-23N-913"-",-63g5971-1"67094jf76-"g017-940"0,"-660.3"-"0i572-g70943"67094jf763"N"40693,8P763L"9060.-:73"2-:-:0-,7|-:"79h0.47P-6789"10"0O60,0967-"N"-h-9|-:"�-67-"59-".36701-1"N"59-"06393gj-"/-.-1-."09"0,639367g70943

"

_k�` blmnopqnprsVtluVnvsn�omvV

"

+,";<"=3965:.3"10"+i572-g70943"=7094jf763"N"B0693,8P763"A017-93"10"D>)?+@&;$"/5.6-"-1{5176-::065:.3."2-:-",-"-1i57.76789"N}3"-645-,7|-6789"10"0i572-g70943"67094jf763"N"40693,8P763"g017-9310.479-13"-"-647h71-10."10"79h0.47P-6789

"

U��l�p�vmQ

�``D3g094-:"0,"10.-::3,,3"67094jf763"10,"2-j.L"g017-940"0,"-23N3"f79-9670:3"-";9.474567390."2-:-",-"-1i57.76789N}3"-645-,7|-6789"10"0i572-g70943"67094jf763"N"40693,8P763"g017-93L"796,5N0913".5"4:-.,-13L"79.4-,-6789L250.4-"09"g-:6�-L"-660.3"N"g310,3."10"5.3

�` ` $:3g3h0:",-"63320:-6789"794:-"0"7940:!79.47456739-,"094:0"P:523."10"79h0.47P-6789"i50"P-:-947609"0,"5.30f7670940"10,"0i572-g70943

�``;960947h-:"0,"5.3"63g2-:4713"10,"0i572-g70943L"2-:-"1-:".3,56789"-",3."10.-fj3."10"g�."10"59"2:3N0643"1079h0.47P-6789

�``D3:4-,060:"0,"10.-::3,,3"67094jf763"N"40693,8P763":0P739-,

"

Xlm�u�xtvmVlmqloxtvm�

H:-67-."-,"f79-967-g70943"10"D>)?+@&;$".0"0.20:-",3P:-:"593"3"g�."10",3.".7P570940.":0.5,4-13.Q

�``#5g0943"09"2:315647h71-1"67094jf76-

Page 3: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

� !"#"$%&'(#)*)'#&$"+"#,*)-")&*.%/*$%&'*#"0)&*#)*,$%0)'#0,',1&'*#"0)2%&%-3+'&%04)56/.'&%0)78*)5$'9%-%0:#%&'*#%."0)*)";,$%#<"$%0=>

� !"#"$%&'(#)78*)?*$,%."&'+'"#,*)-")#1"9%0).@#"%0)-")'#9"0,'A%&'(#>

� B*#,$'/1&'(#)%).%)?*$+%&'(#)7)"#,$"#%+'"#,*)-")"0,1-'%#,"0)-")5$")7)5*0,)A$%-*>

CDE FGHIJKLMNMOIGOPNOFGQIRHLJNSLTGO

)

U V"$%&'-%-)-").%)'#?*$+%&'(#W),%#,*).*02.%0=)5*0,1.%#,"0)&*+*).*02.%0=)%-<1-'&%-*02%0=)0*#$"05*#0%/."0)-").%)9"$%&'-%-)-").%)'#?*$+%&'(#)&*#0'A#%-%)"#)".)?*$+1.%$'*)-")5*0,1.%&'(#)78*)-".%)"#,$"A%-%)-1$%#,").%)"<"&1&'(#)-".)5$*7"&,*4)%0@)&*+*).%)-'05*#'/'.'-%-)-")'#?*$+%&'(#)78*).%-*&1+"#,%&'(#)-")$"05%.-*)"#)&%0*)-")0"$)$"X1"$'-%)5*$)YZ[\] _a8b[\>)c%)*+'0'(#)*-"&.%$%&'(#)?%.0%)-")&1%.X1'"$)-%,*)"#).%)5*0,1.%&'(#)*)"#).%)"<"&1&'(#)-".)5$*7"&,*4)5*-$d)0"$&%10%.)5%$%)X1")30,%)0"%)-"&.%$%-%)?1"$%)-")/%0"04)0")-"<")0'#)"?"&,*).%)%-<1-'&%&'(#)*)0")-3,3$+'#*)%#,'&'5%-*)%.)5$*7"&,*4)0"A6#)&*$$"05*#-%>)].2c%=)B**$-'#%-*$2%=)e"05*#0%/.")0")-"/"$d%-f"$'$)%).%)\"&.%$%&'(#)-")g'#A%51$4)&*#,"#'-%)"#)e"0*.1&'(#)];"#,%)[hijk)-")lm)-")"#"$*)-"lnio)-")b[\4)&*+*)A1@%)A.*/%.)5%$%)1#%)&*#-1&,%)$"05*#0%/.")"#).%)'#9"0,'A%&'(#>)].),";,*)-""0,")-*&1+"#,*)0")"#&*#,$%$d)-'05*#'/.")"#).%)5dA'#%)p"/)f,,50W88ppp>%#'->&.8&*#&1$0*08)q)]<"]0,$%,3A'&*)B"#,$*0)q)r)B*#&1$0*)-")]X1'5%+'"#,*)B'"#,@?'&*)7)s"&#*.(A'&*)t"-'%#*)YZ[\] _au)bvZ)lnln>

)

U [*)0")5"$+','$d4)"#)#'#A1#%)",%5%)-".)&*#&1$0*)YZ[\] _a)q)-"0-").%)5$"0"#,%&'(#)-").%05$*51"0,%0)f%0,%).%)51/.'&%&'(#)-").*0)$"01.,%-*0)q)&1%.X1'"$)&*#-1&,%)'#%5$*5'%-%4)&*+*5$*5*$&'*#%$)-%,*0)?%.0*0)*).%)&*5'%)010,%#&'%.)-")*/$%0)%<"#%04)0'#).%)-"/'-%)&',%&'(#)-".)#*+/$"-".2-").%=)%1,*$2%=4),@,1.*)-").%)*/$%4)?"&f%)7)+"-'*)-")51/.'&%&'(#>)c*)%#,"$'*$4)'#&.17")".)10*)#*%1,*$'w%-*)-")'-"%0)*)+3,*-*0)*$'A'#%."04)*/,"#'-*)5*$)'#?*$+%&'(#)5$'9'."A'%-%>)c%0)5$*51"0,%0X1")'#&1$$%#)"#).%0)&*#-1&,%0)%#,"$'*$"04)*)#*)5$"0"#,"#).%)'#?*$+%&'(#)"#).%)?*$+%)%#,"0'#-'&%-%4)0"$d#)-"&.%$%-%0)?1"$%)-")/%0"0>

)

)

x yz{|}~��F��O

)

xDC ~PN�NM�ONOS�GS�KR�O

)

b[\4)%),$%930)-".)a$*A$%+%)Y*#-*)-")]X1'5%+'"#,*)B'"#,@?'&*)7)s"&#*.(A'&*)YZ[\] _a45"$,"#"&'"#,")%).%)g1/q-'$"&&'(#)-")B"#,$*04)..%+%)%.)r)B*#&1$0*)-")]X1'5%+'"#,*)B'"#,@?'&*)7s"&#*.(A'&*)t"-'%#*)%�*)lnln>

c%)&*#9*&%,*$'%)0"$d)51/.'&%-%)"#)1#)-'%$'*)-")&'$&1.%&'(#)#%&'*#%.4)"#).%)&1%.)0")'#?*$+%$d).%)?"&f%)-"%5"$,1$%4)?"&f%)7)f*$%)-")&'"$$")-").%)5*0,1.%&'(#4)#*+/$")7)%#,"&"-"#,"0)-".)&*#&1$0*>

c%0)/%0"0)-")5*0,1.%&'(#)"0,%$d#)-'05*#'/."0)"#)f,,50W88ppp>%#'->&.8&*#&1$0*08)q)]<")]0,$%,3A'&*B"#,$*0)q)r)B*#&1$0*)-")]X1'5%+'"#,*)B'"#,@?'&*)7)s"&#*.(A'&*)t"-'%#*)YZ[\] _a)u)bvZ)lnln>

]#).%)&1%.)0")'#?*$+%$d)".).'#�)5%$%)$"%.'w%$).%)5*0,1.%&'(#>

_#%)9"w)&"$$%-%).%)",%5%)-")5*0,1.%&'(#)"#).@#"%)-".)&*#&1$0*)#*)"0)5*0'/.")$"&,'?'&%$4)'#&*$5*$%$4".'+'#%$)*)$"&'/'$)%#,"&"-"#,"0)%-'&'*#%."0)5%$%)%#";%$)%).%)5*0,1.%&'(#>)]#)&*#0"&1"#&'%4).%05$*51"0,%0)0"$d#)"9%.1%-%0)&*#).%)'#?*$+%&'(#)5$"0"#,%-%)%).%)?"&f%)7)f*$%)-")&'"$$")-".)&*#&1$0*>

)

)

)

)

)

Page 4: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

� �!!!!!!"#$%&'(&$)%$*(+,-&

.

/0.123145670.85952:.56702.32;5<7080.0.3975<52.25=42636.1020.>0.08?4;6;=;@<.AB3.0=740>;C0=;@<.855?4;10D;5<73.=;5<7EF;=3.A.75=<3>@G;=3.8567;<083.0.0=7;H;80856.85.;<H567;G0=;@<.=;5<7EF;=0.AB3.8560223>>375=<3>@G;=3I.?45.;<=>4A0.>36.D58;36.<5=5602;36.1020.64.=3225=70.;<670>0=;@<I.463.A.0==563J

.

K>.5?4;10D;5<73.13674>083.1382:.56702.F32D083.132L

.

M!!!!!!!!N<.5?4;13.12;<=;10>.AI.31=;3<0>D5<75I.5?4;136.0==5632;36.?45.65.H;<=4>5<.8;25=70D5<75.=3<O675.A.1375<=;5<.64.F4<=;3<0>;808J

M!!!!!!!!P>070F32D06.85.5?4;136.?45.85D456725<.4<0.56725=Q0.25>0=;@<.5<725.5>>36.A.?45.946?45<2563>H52.4<.1239>5D0.5<.5>.=40>I.132.5F5=736.85.8;672;94=;@<.7522;732;0>I.;<752O6.1R9>;=3I12384=7;H3I.63=;0>.4.3720I.65.Q0G0.;D1256=;<8;9>5.>0.5S;675<=;0.85.>0.D5<=;3<080.1>070F32D0J

.

T095.85670=02.?45.5>.5?4;10D;5<73.8595.652.=010C.85.08?4;2;2I.G5<5202I.0<0>;C02.80736.3.123=5602D4567206J./06.1231456706.<3.14585<.=3<6;85202.>0.=3<6724==;@<.85.5?4;136J

.

/0.123145670.8595.652.12565<7080.5<.;8;3D0.5610U3>J

.

.

� V!!!!!!W(X(Y#Z#-)#%[-\&] %&$-),#Z#$-X,(+&

.

_X+,#,*Z#X&W(X(Y#Z#-)#-a

.

P382:<.13674>02.>06.4<;H526;80856.?45.=45<75<.=3<.0=258;70=;@<I.3732G080.132.>0.T3D;6;@<.b0=;3<0>.85c=258;70=;@<.dTbceI.H;G5<75.0.>0.F5=Q0.85.13674>0=;@<.0.>0.12565<75.=3<H3=0732;0I.A.T5<7236.3f<67;74=;3<56.?45.250>;=5<.;<H567;G0=;@<I.=3<.15263<0>;808.g42E8;=0I.6;<.F;<56.85.>4=23I.?45.75<G0<I.0.>3D5<36I.7256.0U36.85.0<7;Gh5808J

.

i-&_X+,#,*Z#X&W(X(Y#Z#-)#-&+()j&-k*(ll-&k*(&+(&-'m*'#k*(&(l&$)%](Z,%&'(&nk*#$-o#(X,%p#(X,qY#Z%r&)(Z($,%)-&'(&l%+&)(Z*)+%+&-+#sX-'%+&]&l-&)(+$%X+-tl(&'(&Y#)o-)&(l&Z%Xu(X#%&'((m(Z*Z#X .P32.>3.70<73I.652:.>0.25613<609>5I.0<75.cbfvI.85.=4D1>;2.=3<.73836.>36.8525=Q36.A39>;G0=;3<56.?45.65.56709>5C=0<.5<.O675.A.5<.>3.5S1>;=;7083.5<.>0.=0270.85.=3D123D;63.08g4<70I085D:6I.85.0132702.>36.25=42636.15=4<;02;36.A.<3.15=4<;02;36.=3D123D57;836I.65GR<.>06.25G>06.85=3F;<0<=;0D;5<73J

.

/0.f<67;74=;@<.w5<5F;=;02;0.652:.>0.1231;5702;0.85>.5?4;10D;5<73.08?4;2;83.A.56702:.64g570.0.>039>;G0=;@<.85.8567;<02.5>.5?4;10D;5<73.0.>36.F;<56I.39g57;H36.A.=3D123D;636.?45.65.74H;523<.5<.=45<708420<75.64.08g48;=0=;@<I.5673.56I.f<H567;G0=;@<.T;5<7EF;=0.AB3.v560223>>3.x5=<3>@G;=3J

.

p%%)'#X-'%)[-\&y(+$%X+-tl(a

.

i-&_X+,#,*Z#X&W(X(Y#Z#-)#-&'(t()j&'(+#sX-)&-&*X[-\&p%%)'#X-'%)[-\&y(+$%X+-tl(&'(l$)%](Z,%I.?4;5<.8595.8565D15U0265.5<.O670J

.

Page 5: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#"$% &''()*+$)'(#$% ,-./'+.$0"- .-(1 23*-+ 4-.5*'+$(1 "$ $)23*.*6*7+8 *+.5$"$6*7+8 /3-.5$ -+ 9$(6:$; '/-($6*7+ )-" -23*/' $)23*(*)'< =3/-(>*.$(1 ; 6'+5('"$(1 -" )-.$(('""' )- "$ *+*6*$5*>$ -+ 5?(9*+'.6*-+5@A*6'.8 5?6+*6'. ; A*+$+6*-('.8 ; >-"$(1 /'( "$ '05-+6*7+ )- "'. (-.3"5$)'. 6'9/('9-5*)'. ; /'( -"3.' -A*6*-+5- )-" -23*/'8 )$+)' $66-.' $ "$ )-9$+)$ )- "'.#$.% )*A-(-+5-. *+>-.5*4$)'(-.#$.%8 5$+5')- "$ *+.5*536*7+ 0-+-A*6*$(*$ 6'9' )- *+.5*536*'+-. -B5-(+$.<

=-(1 6'+5($/$(5- $+5- CDEF!GHIJKLEIF /$($ "'. -A-65'. )-" )-.$(('""' ; .-43*9*-+5' )-" /(';-65'86'9'8 /'( -M-9/"'N -A-653$( .'"*6*53)-.8 -+5(-4$( *+A'(9-. ; (-+)*6*'+-. A*+$+6*-($.8 5-+-( $)*./'.*6*7+ ; A$6*"*5$( *+A'(9$6*7+ (-23-(*)$8 6''()*+$( "$ >*.*5$ $ 5-((-+' ; )$( 639/"*9*-+5' $ "'.:*5'. )-" /(';-65'<

L)-91.8 -"#"$% &''()*+$)'(#$% ,-./'+.$0"- -. 23*-+ )-0- /(-/$($( "$ /('/3-.5$ /$($ "$ /'.53"$6*7+8"$ 23- .- )-0- (-$"*O$( 6'+ "$ )-0*)$ $+5-"$6*7+ $ "$ A-6:$ ; :'($ )- 6*-((- *+)*6$)$ -+ "$ 6'+>'6$5'(*$; -+>*$("$ $ .3 (-./-65*>$ I+.5*536*7+8 "$ 63$" -. "$ (-./'+.$0"- A*+$" )- -+>*$( "$ /('/3-.5$ >$"*)$)$ $LEIF -+ "'. /"$O'. -.5$0"-6*)'.<

F3($+5- -" /-(@')' )- (->*.*7+ )- "$#.% /'.53"$6*7+#-.% /'( /$(5- )- "$ I+.5*536*7+8 ?.5$ /')(1 .'"*6*5$($"#$ "$% /'.53"$+5-8 $ 5($>?. )-" .*.5-9$8 "$. $6"$($6*'+-. ' 9')*A*6$6*'+-. $ "$ /('/3-.5$ 23- -.5*9-/-(5*+-+5-< &'9' (-.3"5$)' )- "$ (->*.*7+8 "$ I+.5*536*7+ /')(1 -+>*$( ' (-6:$O$( "$ /'.53"$6*7+< !+-.5- P"5*9' 6$.'8 "$ /('/3-.5$ 23-)$(@$ A3-($ )- &'+63(.'<

QRSTTTTTTUVWVXYZY[\]]_ab[\]

LEIF A*+$+6*$(1 !23*/$9*-+5' &*-+5@A*6' ; c-6+'"74*6' d-)*$+' #!23*/' J(*+6*/$" ' J"$5$A'(9$ eL66-.'(*'#.%8 .* 6'((-./'+)-%8 63;' 6'.5' 5'5$" .-$ *43$" ' .3/-(*'( $ fghRhhhRhhh #6*+63-+5$9*""'+-. )- /-.'.%<

!B6-/6*'+$"9-+5-8 .- 6'+.*)-($(1+ "$. /('/3-.5$. 63;' /('/7.*5' .-$ "$ $)23*.*6*7+ )- 3+ L66-.'(*'/$($ 3+ -23*/' ;$ -B*.5-+5- ; '/-($5*>' -+ "$ I+.5*536*7+ i-+-A*6*$(*$8 .*-9/(- 23- 5-+4$ 3+ 6'.5'3+*5$(*' *43$" ' .3/-(*'( $ jkl<lll<lll #6*+63-+5$ 9*""'+-. )- /-.'.%<

!" XYWaWZYamYVWn[]mopYm[]a][n[qraq]_[q]stuv .-(1 )- fShhRhhhRhhh #63$5('6*-+5'. 9*""'+-. )-/-.'.% /'( /(';-65'< d'+5' 23- )-0- .-( )-.5*+$)'8 -B6"3.*>$9-+5-8 $ "$ 6'9/($ )-" -23*/$9*-+5' ;"'. 6'.5'. $.'6*$)'. $ ?.5$8 )- $63-()' $ "'. @5-9. A*+$+6*$0"-.<

!" wVqY[x[]xV]VyVZzZY{W]xV]_q[ VZn[ .-(1 /'( SQ]mV\V\ ; .- )*>*)*(1 -+ )'. -5$/$.N

|TTTTTTTTwqYmVqa]}na_aN )- ~�]mV\V\8 6'+5$)'. $ /$(5*( )- "$ A-6:$ )- 5'5$" 5($9*5$6*7+ )-" $65'$)9*+*.5($5*>' 23- $/(3-0- -" (-./-65*>' 6'+>-+*' )- -M-636*7+< J"$O' -+ -" 63$" .- )-0-+-M-635$( 5')'. "'. 4$.5'. $.'6*$)'. $ "$ 6'9/($ )-" -23*/$9*-+5'8 -. )-6*(8 )3($+5- -.5-/-(*')' ?.5- )-0-(1 .-( $)23*(*)'8 *+.5$"$)' ; -.5$( '/-($5*>'<

L)-91.8 -" 5?(9*+' )- "$ /(*9-($ -5$/$ )-" /(';-65' )-5-(9*+$(1 "$ �VZ�a]VpYrY�V )- "$ (-+)*6*7+)- 63-+5$.8 91. 3+ 9-. )- /"$O' /$($ .3 /(-.-+5$6*7+<

Page 6: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!""""""""#$%&'()*+,)-). /0 12*3$4$45 6789:/7; : <:=9>= /0 ?: @06A: /0 9B=C>87 /0 ?: <=>C0=: 09:<:DE8 0;9: 09:<: 'F*$GH4,HIJ*KH')'LH)3H$',F*MNOPD E; /06>=5 Q8: R0S 67C<=:/7 0?0TQ><:C>0897 U =08/>/7 ?7; V:;97; 67==0;<78/>0890;5 0W>;9>=X Q8 <0=>7/7 /0 YZ C0;0;5/0/>6:/7 0W6?Q;>R:C0890 <:=: =0:?>S:= 0? ;0VQ>C>0897 9B68>67 :? 67==0697 @Q86>78:C>0897 U Q;7/0? 0TQ><7 U /0? :R:860 /0 ?7; >8/>6:/7=0; 67C<=7C09>/7; 08 ?: <=7<Q0;9:D

[:\0 /0;9:6:= TQ0 ?7; 0TQ><7; @>8:86>:/7; 08 ?: <=0;0890 678R76:97=>:5 Q8: R0S 7<0=:9>R7;5 /0\0=X80;9:= />;<78>\?0; <:=: Q;7 U :660;7 :\>0=97 /0 79=7;]:; >8R0;9>V:/7=0;]:;5 8:6>78:?0; U_7>890=8:6>78:?0;5 <7= Q8 <0=>7/75 87 >8@0=>7=5 : Y /a:; AX\>?0; :8Q:?0;5 <7= /7; :b7;D

c:=: 0;90 <=7<d;>975 efghEijkc_lgkh />;<78/=X Q8: <?:9:@7=C:5 08 ?: 6Q:? ?7;]:; >890=0;:/7;]:;<7/=X8 <7;9Q?:= :? :660;7 /0 Q;7 /0 ?7; 0TQ><7; :/mQ/>6:/7;D h>6A:; <7;9Q?:6>780; /0\0=X8 ;0=0R:?Q:/:; <7= ?7;]:; =0;<069>R7;]:; 677=/>8:/7=0;]:; =0;<78;:\?0; /0 B;97; U R:?>/:/:; <7= 0?c:80? /0 EW<0=97; 08 ETQ><:C>0897 /0 efghEijkc5 : @>8 /0 :;>V8:=?0; 0? 9>0C<7 /0 Q;7 ;7?>6>9:/75;0Vn8 />;<78>\>?>/:/ U 6:<:6>/:/ /0? 0TQ><7D

o7; /09:??0;5 9:?0; 67C7. >8;QC7;5 =0:69>R7;5 <0=;78:?5 />;9=>\Q6>d8 /0 ?7; Y /a:; AX\>?0; :8Q:?0;5089=0 79=7;5 =0?:6>78:/7; 678 0? Q;7 /0? 0TQ><75 /0\0=X8 >8/>6:=;0 08 0? <Q897 YDp /0 ?: <=7<Q0;9: /00TQ><:C>0897 TQ0 <7;9Q?0 : 0;9: 678R76:97=>:D q0;<0697 :? <0=;78:? 8060;:=>75 ;0 =067C>08/: 9080=<=0;0890 ?: r066>d8 YDsDt [7@>8:86>:C>0897D r> <7= ?: 8:9Q=:?0S: /0? 0TQ><75 87 :<?>6:=: 0? :660/0= :B;90 <7= Q8 9>0C<7 /090=C>8:/75 ;0 /0\0=X mQ;9>@>6:= 08 0? C>;C7 <Q897 /0 ?: <7;9Q?:6>d8D E8 0? 6:;7/0 0TQ><7; TQ0 =0:?>S:8 C0/>6>780; 6789>8Q:;5 ;0 <=>R>?0V>:=X 08 ?: 0R:?Q:6>d8 ?: 0W>;9086>: /0;>;90C:; TQ0 <78V:8 : />;<7;>6>d8 /0 ?: 67CQ8>/:/ ?7; /:97; 7 C0/>6>780; 7\908>/:;D

1uv""""""w,$34*KH')'LH)xy$4*

j8 <=7U0697 /0 0TQ><:C>0897 6>089a@>67 678;>/0=: ?7; ;>VQ>0890; z90C; U rQ\ta90C; /0 @>8:86>:C>0897.

{

w|+} #~��w|+} P+#��O��O�N �ONMN�OM}O+N|�

Mu�Eijkcl�kEg�f

Mu�D ETQ><7<=>86><:? 7c?:9:@7=C: /00TQ><7;D

[7;97; /0 :/TQ>;>6>d8 /0? ETQ><7c=>86><:?5 c?:9:@7=C: /0 0TQ><7;U ;Q]; l660;7=>7];5 ;>67==0;<78/0D

lgkh

0

k8;9>9Q6>d8�080@>6>:=>:

]R0= ;066>d8 YDs

Mu1u l660;7=>7;

�u� �qlrolhfr Ekgr�lol[k�g

�u�u �=:;?:/7; Ur0VQ=7; /09=:;?:/7 �h0;:/Q:8:m0 � k�l/0? ETQ><7

[7;97; /0 9=:;?:/7 /0? 0TQ><7/0;/0 0? ?QV:= /0 @:\=>6:6>d8A:;9: 0? ?QV:= /78/0 ;0=X>8;9:?:/7 ]/0;:/Q:8:m05 @?090; U;0VQ=7; /0 9=:;?:/7D

#$*-&$($*H'Ly&HI*$y*O�M�'HL)3$',$*($y$�&H-)3H$',F*�*)LL$4FIHF4D

lgkh

U_7

k8;9>9Q6>d8�080@>6>:=>:

�u1u l/06Q:6>d8 /0>8@=:0;9=Q69Q=: U_7A:\>?>9:6>d8 /00;<:6>7;

l678/>6>78:C>0897 /0 0;<:6>7;@a;>67; 0W>;90890; U ?:;:/06Q:6>780; 8060;:=>:; <:=:6QC<?>= ?7; =0TQ0=>C>0897;

Page 7: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$"%&'()*)'+)'$#& )+)"$,#'-%(.*)"$,#'/.+'.01$()2$.# %3)$&+)"$%#.&4'.& *1" 1*)&)# $&5&2$")&4'$#& )+)"$%#.&.+!" *$")&4'"%#.6$%#.&')'*./.&4. "787'9.'(1./.#'$#"+1$*':)& %&()*)'+)'.+);%*)"$,#'/.'(+)#%&'-2)01. )&7

<%'&.'"%#&$/.*)*='.+)+>)?)2$.# %'/.'%@$"$#)'#$'+)"%2(*)'/.'21.;+.&'01.'#% .#:)#'/$*." )'*.+)"$,#'"%#'.+@1#"$%#)2$.# %'1'%(.*)"$,#'/.+.01$()2$.# %')')/01$*$*7

ABCB'D#& )+)"$,#'-E1.& )'.#'F)*">)

G%& %&')&%"$)/%&')'+)(1;+$")"$,#'/.+')H$&%'/.+$"$ )"$,#7

I)& %&'$#"1**$/%&'.#'.+'(*%".&%/.'"%2(*)'3 *)#&@.*.#"$);)#")*$)4'")* )&'/.'"*!/$ %4. "787

G%& %&'/.'$#& )+)"$,#'/.+.01$()2$.# %7

G%& %&'/.'$#&12%&'#.".&)*$%&()*)'+)'(1.& )'.#'2)*">)'/.+.01$(%7

E%/*=#'$#"+1$*&.'+%&'"%& %&'/.")+$;*)"$,#'-'+%&'$#&12%&#.".&)*$%&'()*)'.++%4'.#'")&%'/.01.')&5'&.'*.01$.*)7

JKLMKNKLOPQRSOTLKRLQUVWULMKSPXLYRXQXLMKLZKWXR[LXQT\ROQULUVOZORXT[LYXTXLKRLK]SOYULURXNUTXWUTOU[LVK XRXPMUL]SK_VWKLWS ULaOPXPQOXZOKPWULMKbcdefghijLkLKRLQlMOmULMKRjTUkKQWULnaUTZXWULRONTKoB

ABpB'F)# .#"$,#4I)*)# 5)&'-9.:1*%&

G%& %'@$#)#"$.*%'/.+'YRXPLUQUPWTXWULMKLZXPWKPOZOKPWU/.+'.01$(%')/01$*$/%4'(%*'1#YKT\UMULZ\POZULMKLMUVLX UV)'"%# )*'/.'+)'@.">)'/.'"%2(*)/.+'.01$()2$.# %7

G%& %'@$#)#"$.*%'/.'+)'YlROqXLMKVKmSTULMKRLK]SOYXZOKPWU)/01$*$/%4'+)'01.'/.;.' .#.*'1#)OmKPQOXLZ\POZXLMK[LXRZKPUV[LMUVLX UVLYUVWKTOUTLXRW_TZOPULMKLRXLYTOZKTXLKWXYXMKLKrKQSQOlPLMKRLYTUkKQWU4&.:s#'"%#H.#$%7'9.'*."%2$.#/)+)'$#"%*(%*)"$,#'/.+'.01$(%'.#E,+$t)'/.'9.:1*%'$#& $ 1"$%#)+7

E1./.#'$#"+1$*&.':)& %&'/.:)*)# 5)'.6 .#/$/)'()*)'+%&.01$(%&7

Page 8: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#!$%&'(')&*+!$,*$-($./0.12340567/8/391.56:/69;9/:1</<6<5:;=685.08=;=$#+('"%*+&,!"$>!+?@AB$>(+($-($*C*)D)&E'$,*->+!F*)#!G$)!'"&"#*'#*$*'$D'(H!-*#($,*$I(+('#J($H(')(+&(>(I(,*+($($-($K&"#(G$K(-*$K&"#(*',!"(H-*$!$*'$"D$,*%*)#!$D'(>E-&L($,*$I(+('#J($,*$*C*)D)&E'&'M*,&(#(N

OPQ$RSTU? AV@

OPWP$ (>()&#()&E'

!"#!"$,*$)(>()&#()&E'$!*'#+*'(M&*'#!$,*$>*+"!'(-)&*'#J%&)!X#Y)'&)!G$*'$*-$D"!$,*-*ZD&>(M&*'#!$(,ZD&+&,!$)!'%!',!"$,*-$>+!F*)#!N

S!,+['$&')-D&+"*$*'$*"#*$\#*MI("#!"$,*$>("(C*"$F$K&[#&)!">(+($K&(C*"$*"#+&)#(M*'#*CD"#&%&)(,!"$,*$ZD&*'*"$"*+[')(>()&#(,!"$>(+($!>*+(+$*-*ZD&>(M&*'#!$!$H&*'$,**">*)&(-&"#("$ZD*$,*H('$K&(C(+$( ]&-*$)!'$*-$%&'$,*$*'#+*'(+$(-!"("_$D"D(+&!"("_N

A'"#&#D)&E'*'*%&)&(+&(

OPaP$b("#!"$,*R>*+()&E'$F?,M&'&"#+()&E'

!'#+(#()&E'$,*-$>*+"!'(-#Y)'&)!$!$>+!%*"&!'(-*">*)&(-&L(,!$*')(+I(,!$,*$-(M('&>D-()&E'G$D"!$Fc!M('#*')&E'$,*-$*ZD&>!$de;895f5.031/81;_N

$

g(#*+&(-$%D'I&H-*$'*)*"(+&!$>(+(-($D#&-&L()&E'$,*-$*ZD&>(M&*'#!N

h(-!+&L()&E'$,*$*ZD&>!")!M>-*M*'#(+&!"$(-$"!-&)&#(,!*'$*"#*$>+!F*)#!G$'*)*"(+&!">(+($(M>-&(+$!$M*C!+(+$*-%D')&!'(M&*'#!$,*-$*ZD&>!>+&')&>(-$!$>-(#(%!+M($"*$,*H*)!'"&,*+(+$*-$>*+&!,!$($>(+#&+$,*-($>D*"#($*'$M(+)]($,*-*ZD&>(M&*'#!$]("#($*-$#Y+M&'!,*$*C*)D)&E'$,*-$>+!F*)#!_N

$

h(-!+&L()&E'$,*-$D"!$,*-$*">()&!%J"&)!$,!',*$"*$&'"#(-(+[$*-*ZD&>(M&*'#!$"*$,*H*)!'"&,*+(+$*-$>*+&!,!$($>(+#&+$,*-($(,*)D()&E'$,*-$*">()&!$%J"&)!,!',*$"*$&'"#(-(+[$*-$*ZD&>!$!,*",*$-($+*)*>)&E'$,*-$*ZD&>!]("#($*-$#Y+M&'!$,*$*C*)D)&E',*-$>+!F*)#!_N

h(-!+&L()&E'$,*$UUii$)!')!'#+(#!$*'$-($&'"#&#D)&E'H*'*%&)&(+&(j$>*+"!'(-$#Y)'&)!*">*)&(-&L(,!$*')(+I(,!$,*$-(

Page 9: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$%&!'#(")*%+,*-., !"/0"'#("*10&*02%#$,*3+0*1040',"+#105!5*10+10*&!*$%0+/!*0" !5'6!*10&*02%#$,*6!+/!*0&/75 #",*10*080'%'#("*10&$5,-0'/,9:*$05+,"!&!1 #"#+/5!/#;,*0"'!5<!1,*10*&!+<0+/#,"0+*10*', $5!*10&*02%#$,0*#";0+/#<!1,50+3!+9*10&*02%#$,10*/5!4!8,*2%0*$!5/#'#$0"1#50'/! 0"/0*0"*&!*080'%'#("*10&$5,-0'/,=*>?@AB@C?BDEFA@DGHFIDJKLF?JDMLHDNG@OA@PPQQ@OARIDAGAB@@SLJTG@IB?@OAFARIDC?U

V

*

W?GBDOAJLHD?GABX

YZZZZZZZZZ[&* ,"/,*10&*\/0 *]U@_ ab]ca>de*1040*+05*#<%!&*,*+%$05#,5*!*fghUhhhUhhh*3'#"'%0"/!* #&&,"0+*10$0+,+9=

YZZZZZZZZZ["*0&*$50+%$%0+/,*+,&#'#/!1,*!*ijkl)*0&* ,"/,*10&*\/0 *mU@dP]no]pen@@a>nd]o]Waq>*",*$,15r*+05+%$05#,5*!&*stu*10&*\/0 *]U@_ ab]ca>de=

YZZZZZZZZZ[&*\/0 *mUvU@cLGwAGHDNGx@yLJLGwzLB@{@nA|IJ?B*1040)*"0'0+!5#! 0"/0)*',"+#105!5*}#"!"'#! #0"/,)*-!+0!*10*ijkl*,*10*&!*k"+/#/%'#("*~0"0}#'#!5#!=

�ZZZ�0+$0'/,*10*&!*cLGwAGHDNG@OAF@ARIDC?)*&!*k"+/#/%'#("*10405r*+%+'5#4#5)*',"*0&*$5,;001,5)*%"

',"/5!/,*10* !"/0"# #0"/,*$50;0"/#;,*-*',550'/#;,*10&*02%#$! #0"/,*!12%#5#1,)*',"*%"!*1%5!'#("10)*!&* 0",+)*O?B@L�?B*10+10*&!*}0'6!*10*', $5!*10*7+/0=*["*'!+,*10*",*+05*$,+#4&0*+%+'5#4#5*0&',"/5!/,*10* !"/0"'#("*',"*0&*$5,;001,5*,*}!45#'!"/0*10&*02%#$! #0"/,)*+0*8%+/#}#'!5r)*!"/0��jl[��k�)*0&*',"/5!/,*',"*,/5,*$5,;001,5=*[�'0$'#,"!& 0"/0)*0"*'!+,+*1,"10)*$,5*&!*"!/%5!&0�!10&*02%#$,)*",*+0!*$,+#4&0*,*+0!*/,/!& 0"/0*#""0'0+!5#,*50!&#�!5*%"*',"/5!/,*10* !"/0"# #0"/,)*+010405r*+,&#'#/!5*!%/,5#�!'#("*$!5!*",*'% $&#5*',"*0+/0*502%#+#/,*-*CJABAGwLJ@IG@CFLG@OA�LGwAGHDNG@L@HLJ|?@OA@FL@DGBwDwIHDNG=

i10 r+)*&!*k"+/#/%'#("*~0"0}#'#!5#!*+0*', $5, 0/0*!*6!'05+0*50+$,"+!4&0*10*&!* !"/0"'#("*10&02%#$,*$,5*O?B@L�?B@C?BwAJD?JAB@LF@w�J�DG?@OAF@H?GwJLw?@BIBHJDw?@H?G@AF@CJ?KAAO?J=

YZZZZZZZZZ[&*\/0 *WU@eb P]Waq>*+,&,*$%010*',"+#105!5*}#"!"'#! #0"/,*10*&!*k"+/#/%'#("*~0"0}#'#!5#!=

YZZZZZZZZZj,*+0*$,15r"*}#"!"'#!5*|LBw?B@AG@CAJB?GLF*',"*i$,5/0+*ijkl=

*

*

*

*

�U�ZZZZZZW?�DGLGHDL�DAGw?@

*

�,+*$5,-0'/,+*10405r"*/0"05*H?�DGLGHDL�DAGw?@OAx@LF@�AG?Bx@AF@gh�@OAF@H?Bw?@OAFARIDCL�DAGw?*$,5*$!5/0*10*&!*#"+/#/%'#("*40"0}#'#!5#!=*[&*'r&'%&,*10*&,+*$,5'0"/!80+*-*0&*/#$,*10',}#"!"'#! #0"/,*+0*10}#"0"*!*',"/#"%!'#("�

YZZZZZZZZZ[&@]C?JwA@bAHIGDLJD?*10*&!*k"+/#/%'#("*~0"0}#'#!5#!*1040*+05*02%#;!&0"/0)*!&* 0",+)*!&*�h�*10&* ,"/,/,/!&*10&*�wA�@]U@RIDCL�DAGw?)*-*10405r*+05*10+/#"!1,*!�

*

�ZZ@@����������������� ¡ �����������¢£�¤�¥¦§ �

Page 10: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'!&()#!*&!)+!,-./,01!"#!*&0&20&3456786839:5;<=;>5;6?35934;4;@74A=B9458C;=B@=398C9D8<4*!",0$E0'%&'!&20&%+!$0,/F"&'!2&!GH/+01/!"#%*&)02I%&!"&,0)%)&!"&GH!*&+%$&20&"0#H$02!J0&'!&()#!*&"%&)!$!GH/!$0&H"0&+!$)%"0&0&,0$E%K&L0)#%&GH!&'!M!$N&)!$&$!02/J0'%&'H$0"#!&20&I/E!",/0&'!2&+$%O!,#%*P$/1!$0&OQ%&R!EH"'0&S#0+0K

&

TUU&&VWXYZX[\][_Y] [abcb[aWdWefYWefghi

L0)#%)&"!,!)0$/%)&+0$0&$!02/J0$&20&,0+0,/#0,/F"&!"&!2&H)%&'!2&!GH/+01/!"#%&02&+!$)%"02&GH!&2%&$!GH/!$0*GH!&+H!'!"&/",2H/$&+0)0j!)&'!&2%)&,0+0,/#0'%$!)&0&kl/2!&%&I/0j!)&+0$0&,0+0,/#0$)!&02&!m#$0"j!$%*/",2HO!"'%&)H)&I/N#/,%)K&L0)#%&GH!&'!M!$N&)!$&$!02/J0'%&'H$0"#!&20&P$/1!$0&S#0+0&'!2&+$%O!,#%K

&

S"&2%)&,0)%)&!"&GH!*&+%$&20&"0#H$02!J0&'!2&!GH/+%*&"%&)!0&"!,!)0$/%&'!)#/"0$&!)#%)&$!,H$)%)&0&2%)&-#!1)0"#!)&)!n020'%)*&%&"%&)!&,%1+2!#!&!2&opq&)%2/,/#0'%*&!2&0+%$#!&%&!2&$!10"!"#!&'!M!$N&$!02/J0$)!&!"&!2r#!1&s;t;uv>9@8w9=564K

&

xUUUS2&s@476=;y4;z=3>598794&'!M!&)!$*&0&2%&1!"%)*&!2&!GH/I02!"#!&02&@473=568{=;54;A9585398<4;@47

8@476=B;@=3>598794B|;5=3=B8794B;@878;C4}787|;34w4;w~59w4|;=C;���;<=;34A9585398w9=564'!2&1%"#%&#%#02&'!2&�6=w;s�;uv>9@8w9=564&�SGH/+%&P$/",/+02&%&P20#0.%$10&�&�,,!)%$/%�)��K&S21!",/%"0'%&0+%$#!&"%&+!,H"/0$/%&'!M!$N&)!$&,%1+$%1!#/'%&!"&!2&�6=w;��;�78BC8<4;=�5B68C839:5&OQ%&!"&!2&�6=w;��;�@=7839:5&O*&,%")/'!$0$)!&'!"#$%&'!2&+!$-%'%&'!&!j!,H,/F"&'!2+$%O!,#%*&)02I%&2%)&,%)#%)&'!&10"#!",/F"&O&)!EH$%&'!2&!GH/+%*&O&0,%$'!&,%"&20&.!,l0&'!&,%1+$0&!/")#020,/F"&'!2&!GH/+%K&�!)+!,#%&0&20&I02%$/J0,/F"&'!&����*&)F2%&)!&+H!'!&,%")/'!$0$&!2&+!$)%"02#(,"/,%&!)+!,/02/J0'%&!",0$E0'%&'!&20&10"/+H20,/F"*&H)%&OQ%&10"#!",/F"&'!2&!GH/+%&�,%"&,%"#$0#%I/E!"#!&!"&20&/")#/#H,/F"�*&!2&+!$)%"02&#(,"/,%&O&0'1/"/)#$0#/I%&!",0$E0'%&'!&20)&E!)#/%"!)&'!,%1+$0&'!2&!GH/+01/!"#%&O&'!&2%)�0)�&/"I!)#/E0'%$!)�0)�&0)%,/0'%)�0)�&0&!)#!&+$%,!)%K&�%&!)+%)/M2!&/",2H/$&I02%$/J0,/F"&'!&$!1H"!$0,/%"!)&'!&2%)�0)�&+%)/M2!)&H)H0$/%)�0)�&'!2&!GH/+01/!"#%H"0&I!J&+H!)#%&!"&.H",/%"01/!"#%K;

;

���UUUUUU�=B379@39:5;<=;C8;@74@>=B68;

&

�0&+%)#H20,/F"&)!&$!02/J0$N&0&#$0I()&'!&20&+20#0.%$10&!"&2-"!0&'/)+%"/M2!&!"&!2&)/#/%&�!M&'!��� S���P�&l##+)�QQ���K0"/'K,2Q,%",H$)%)Q&�&Sj!&S)#$0#(E/,%&k!"#$%)&�&��&k%",H$)%&'!SGH/+01/!"#%&k/!"#-./,%&O&�!,"%2FE/,%&�!'/0"%&��� S���P&�&� �&¡p¡pK

&

&

Sm/)#!"&)!,,/%"!)&!"&20&+%)#H20,/F"&GH!&'!M!"&)!$&/"E$!)0'0)&%&)!2!,,/%"0'0)&!"&+0"#0220*&+%$!j!1+2%�&/'!"#/./,0,/F"&'!2&+$%O!,#%*&'!#022!&'!2&!GH/+01/!"#%*&/")#/#H,/F"&+%)#H20"#!&!/"I!)#/E0'%$!)�0)�*&O&%#$0)&!"&GH!&'!M!&0"!m0$&.%$1H20$/%)&!"&.%$10#%&Sm,!2&%&P �&"%!",$/+#0'%Q+$%#!E/'%K

¢UUUUUUUU�<=569A93839:5;<=;C8;@74@>=B68£&)!&/"E$!)0"&'0#%)&'!&20&+$%+H!)#0&,%1%&#-#H2%*& /),/+2/"0)�k S*&�!E/F"�!)�&'!&Sj!,H,/F"&�'%"'!&)!$N&/")#020'%&!2&!GH/+%&0'jH'/,0'%�*&!"#$!&%#$0)K

¢UUUUUUUU¤=B>w=5;¥;�¦{=69§4B£&)!&/"E$!)0&!2&�!)H1!"*&�Mj!#/I%&E!"!$02&O&%Mj!#/I%)&!)+!,-./,%)K

¢UUUUUUUU�=68CC=;z74¥=364;uv>9@8w9=564£;!"&!)#0&)!,,/F"&)!&'!M!&/",2H/$�;

xUUUuv>9@4£;)!&/"E$!)0"&'0#%)&!)+!,-./,%)&'!2&!GH/+%&%&+20#0.%$10*&,%1%&"%1M$!&'!2&!GH/+%

+$/",/+02&%&+20#0.%$10&)%2/,/#0'%*&10$,0*&1%'!2%*&'!),$/+,/F"Q,%"'/,/%"!)&#(,"/,0)*&!"#$!%#$%)K

xUUUs33=B4794B£;'!&,%$$!)+%"'!$&)!&/"E$!)0"&'0#%)&'!2�'!&2%)�&�,,!)%$/%�)�&'!2&!GH/+%

+$/",/+02&%&+20#0.%$10*&#02!)&,%1%�&"%1M$!*&10$,0*&1%'!2%*&!"#$!&%#$%)K&�"&!GH/+%0,,!)%$/%&'!M!&,H1+2/$&,%"&20&'!./"/,/F"&oK&'!2&L2%)0$/%K

xUUUs<=3>839:5;<=;95A78=B67>36>78£&'!),$/+,/F"&'!2&0,%"'/,/%"01/!"#%&'!&!)+0,/%)&.-)/,%)

!m/)#!"#!)&O&20)&0'!,H0,/%"!)&"!,!)0$/0)&+0$0&,H1+2/$&2%)&$!GH!$/1/!"#%)&#(,"/,%)&+0$0&20

Page 11: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'()*"+)",-&!$.&"(/ )0% . )$&1+$%& ("12)"1/#-%/-#$1)$(/&131.&%$12)&(1/$+$%& ("1"+4%/#&%$12)% ("5& ("1)$)#"*"12)"(/#") /#$167

8999:;<=><?@A<B)*"1%#&!%&'()*"+)!+$() )% (/#$/ )*").$(/"(&.&"(/ )*")+ 1)",-&! 1)$*,-&#&* 12

! #)-()!"#3 * )*"2)$)+ )."( 12)* 1)$C 1)$)% (/$#)*")+$)D"%E$)*")% .!#$)*"+)",-&!$.&"(/ 0*"1%#&!%&'()*"+)!+$(2)!# F""* #67

8999G<H=;I;?@A<JKJLM>H=;J><JN;O?P;B)*"1%#&!%&'()*"+)!# %"1 )*")&(1/$+$%&'()*"+)",-&!$.&"(/

$)$*,-&#&#2)&(*&%$(* )+$1)% (*&%& ("1)/4%(&%$17

8999Q;L;?@=;?@A<B)%$!$%&/$%&'() )"(/#"($.&"(/ )*")!"#1 ($+)%&"(/3D&% R/4%(&% )"()"+)-1 )*"+

",-&!$.&"(/ )$)$*,-&#&#)% ()D (* 1)*"+)!# S"%/ )0*"1%#&!%&'(2)/&! )*")-1-$#& 10$162( .T#")*")+$016)!"#1 ($016),-")1"#3$0(6)%$!$%&/$*$0162)"/%767

8999U@>NLVJW>JXHVBJ"1/&.$%&'()*")E #$1)$(-$+"1)*")-1 )*"+)",-&! 2)! #%"(/$Y")*")-1 )&(/"#(

S)"5/"#( 2)S)-()T#"F")*"/$++")*")+ 10$16)! 1&T+"1)-1-$#& 10$16) )-1 )!# S"%/$* 7J

Z99999999G<H=@=M?@V<>HB)&*"(/&D&%$#)[6)+$)G<H=@=M?@A<J\VH=MI;<=>2),-")"1)$)+$),-")!"#/"("%")"+0+$6] #*&($* #0$6)"1! (1$T+")S),-")1"#_)!# !&"/$#&$)*"+)",-&!$.&"(/ )"()%$1 )*")$*Y-*&%$#1"+$)!# !-"1/$)S) 6)+$016)G<H=@=M?@A<a>HbJcHV?@;W;aHb2),-")% ##"1! (*"()$)+$1)%-$+"1!"#/"("%"()+ 10$16)&(F"1/&d$* #"10$16),-")!-"*$()D #.$#)!$#/")*"+)",-&! )*")/#$T$Y )*")+$!# !-"1/$7

Z99999999efM@LVJW>J=O;g;hVB)&*"(/&D&%$#)$+0$)+$6)] #*&($* #0$6) "1! (1$T+")S)$)+ 10+$16&(F"1/&d$* #"10$16),-")D #.$#_()!$#/")*"+)",-&! )*")/#$T$Y 2)"()"+)%-$+)1")!-"*"()% (1&*"#$#&(F"1/&d$* #"10$16)*")+$)i(1/&/-%&'()j"("D&%&$#&$)S))*")i(1/&/-%& ("1)$1 %&$*$1)$)+$)! 1/-+$%&'(7

Z99999999kVONMI;?@A<JW>JI;JLOVLM>H=;B)"()"1/$)1"%%&'()1")*"T")$*Y-(/$#l

[79999m;JLOVLM>H=;JW>J>fM@L;N@><=V2),-")&(%+-S")+$)Y-1/&D&%$%&'()%&"(/3D&%$)/4%(&%$)*")+$!# !-"1/$2)"+)$! #/")"1/#$/4d&% )*")+$)i(1/&/-%&'()S)+ 1)#"1-+/$* 1)"1!"#$* 1)*")+$!# !-"1/$2)!#&(%&!$+)&(1-. )$+). ."(/ )*")+$)"F$+-$%&'()0D #.$/ )*"1%$#d$T+"67

79999G<W@?;WVO>HB)*"D&(&#)+ 1)&(*&%$* #"1)S)1-1)."/$1)!$#$)"1/&.$#)+$)% (/#&T-%&'()"1!"#$*$)*"+",-&!$.&"(/ 7)n")*"T"()*"D&(&#)o)&(*&%$* #"1) T+&d$/ #& 1)!$#$)"+)!# S"%/ 2)+ 1)%-$+"1*"T"#_()% .!# ."/"#1")!$#$)+ 1))S)p)$C 1)*")&(1/$+$* )"+)",-&! )01"dq()D #.$/ )!# F&1/ "()+$)!+$/$D #.$)*")! 1/-+$%&'(67)r1/ 1)&(*&%$* #"1)1"#_()#"F&1$* 1)"()+$)"F$+-$%&'()S*"T"#_()1"#)% E"#"(/"1)% ()+$)! 1/-+$%&'()!#"1"(/$*$7)s*"._12)1")"1/$T+"%")+$) T+&d$%&'(*")"(/#"d$#)$)stiu)+$)&(D #.$%&'()("%"1$#&$)#"D"#"(/")$)"1/ 1)&(*&%$* #"1)"()/ * . ."(/ 2)$-()%-$(* )"+)!# S"%/ )E$S$)1&* )D&(&,-&/$* 2)% (1&*"#$(* ),-")41/ 1)! *#_()1"#-/&+&v$* 1)!$#$)% ( %"#)+$)% (/#&T-%&'()%&"(/3D&%$)S)/"%( +'d&%$)*"+)!# S"%/ )"()#"+$%&'()% ("+)-1 )*"+)",-&!$.&"(/ )$*Y-*&%$* )S)"()+$1)! 1/-+$%& ("1)$)D-/-#$1)% (F %$/ #&$17

w79999xV?MN><=VHJfM>JW>g><J;?O>W@=;OJQ><=OVHJVJG<H=@=M?@V<>HJW@y>O><=>HJW>X<@z>OH@W;W>Hl)% (1&*"#$(* ),-")+$)$%/-$+)% (F %$/ #&$)"1/_)$T&"#/$)$)]"(/# 1) i(1/&/-%& ("1),-")#"$+&%"()i(F"1/&d$%&'(2)1&)+$)i(1/&/-%&'()! 1/-+$(/")% ##"1! (*")$)-( )*"41/ 1)S)( )$)-($){(&F"#1&*$*2)1")*"T")$*Y-(/$#)"()"1/$)1"%%&'()+ 1)* %-."(/ 1),-"$%#"*&/"(),-")%-.!+")% ()+ 1)1&d-&"(/"1)#",-&1&/ 1l

|99}-")+$)i(1/&/-%&'()#"$+&%")&(F"1/&d$%&'(7

|99}-")/"(d$)!"#1 ($+&*$*)Y-#3*&%$7

|99}-")( )/"(d$)D&("1)*")+-%# 7

|99s(/&d~"*$*)*"2)$+)."( 12)w)$C 17

p79999\O>HMLM>H=VBJ% .!+"/$#)+$)&(D #.$%&'()*")$%-"#* )$)+$)!+$(&++$)*"1%$#d$T+")*")+$�+$/$D #.$)*")� 1/-+$%&'(2)1&d-&"(* )+$1)&(1/#-%%& ("1)*")++"($* 7

�79999G<yVON>JG<H=@=M?@V<;IJW>JIV�OVH�J"+)%-$+)*"T")&(%+-&#)+ 1)+ d# 1)S)#"1-+/$* 1)*")+ 1&(*&%$* #"1)% .!# ."/&* 1)"()+$1)#"1!"%/&F$1)!# !-"1/$12)$%/-$+&v$* 1)$)+$)D"%E$2)*")+ 1!# S"%/ 1)$*Y-*&%$* 1)"()+$1)% (F %$/ #&$1)�[w2)�[p2)�[�)S)�[o2)*")+$)k;?MI=;WJVM<@W;WJ;?;W�N@?;J>fM@z;I><=>)$)+$),-")% ##"1! (*")+$)(-"F$)! 1/-+$%&'(2)1"dq(D #.$/ 7

��9999Q;O=;JW>J?VNLOVN@HVJ@<H=@=M?@V<;IJ0D #.$/ )*"1%$#d$T+"62)"()+$)%-$+)+$)i(1/&/-%&'(! 1/-+$(/")1")% .!# ."/")$lJ

Page 12: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!!"#$%&'()*')+,*-.'&+(-$/'/)/$)%+0$()$*)$12-%'3-$0&+)')/-4%+4-#-50)/$242'(-+46'47)$8&$(0+46'47)60'#-+0'*$4)9:+)$8&('0;$(+46477<)%+()20)%$(-+/+/$<)'*)3$0+4<)=>)/?'4)@A,-*$4)'02'*$4<)%+()20)%$(-+/+)3?0-3+)/$)=)'B+4<)$0*')%*'&'C+(3')/-4%2$4&')%+()DEFGHIJKL:"FKG)%'(')&'*)$C$#&+M

!!NOPQRSTUVTSWOXYZOV[RUR\V\T\WTUVTV\W]PV\VTRZOVUV]R_ZTYXWSV]R_ZTV\QRZROSV]R_ZTa]PR\V\YT\WUTWbPRXVQRWZYTV\bPRSR\YTXVSVTWUTXSYaW]Yc)dOYTRQXUR]VTWOVSTWZ]YZY]RQRWZYT\WTUYOTSWbPWSRQRWZYOT e]ZR]YOT\WTRZOVUV]R_ZTV\QRZROSV]R_Z

QVZWZ]R_ZTYXWSV]R_ZTaTPRURfV]R_ZT\WUTWbPRXVQRWZYT\WTV]PWS\YTVTUVOTZYSQVOe]ZR]VOTWOXW]RgR]V\VOTXYSTWUTgV[SR]VZWTaT\WTUYOTRZOPQYOTZW]WOVSRYOTXVSVTOPYXWSV]R_ZTaTPOYT]YQXSYQWR\Yc

!!hYQVST%5*-i')/$)4$.2(+TSWOXW]YT\WUTWbPRXVQRWZYTV\bPRSR\YT]YZTPZVTjRkWZ]RVT\WVUTQWZYOT/+4)'B+4)%+4&$(-+()')*')C$#@')/$)&l(3-0+)/$*)%(+9$#&+TOWkmZ]YZjWZRYcTnYUYTWZT]VOYOTXPZPVUWOT\WTXSYaW]YOTV\oP\R]V\YOT\YZ\WTXYSTUVZVPSVUWfVT\WUTWbPRXYTZYTOWVTXYOR[UWTV\bPRSRSTPZVTX_URfVT\WTOWkPSYTUVTpZORP]R_ZqWZWgR]RVSRVTXY\SrTOYUR]RVSTVPYSRfV]R_ZTXVSVTZYT]PQXURST]YZTWOWTSWbPRORYTQW\RVZW]VSVTgYSQVUTVUTsSYkSVQVTtuvwdxypsTaTV\oPZVZ\YT\Y]PQWZYOT\WTSWOXVU\YTbPW]WSRgRbPWZTUVTORPV]R_Zc

!!NOPQRSTUVTSWOXYZOV[RUR\V\T\WT]YZSVVSTYTWoW]PVSTPZTXUVZT\WTQVZWZRQRWZYXSWjWZRjYTaT]YSSW]RjYT\WUTWbPRXVQRWZYTV\bPRSR\YTWUT]PVUTWOVSrT]UVSVQWZWoPORgR]V\YTWZTUVTXSYXPWOVTXSWOWZV\VTVTWOVT]YZjY]VYSRVc

!!zPQXURST]YZTUYOTVXYSWOTXW]PZRVSRYOTaTZYTXW]PZRVSRYOT]YQXSYQWR\YOTXVSVTUVTWoW]P]R_Z\WUTXSYaW]YT\WVUUV\YOTWZTUVTsUVZRUUVTd{]WUT\WTsSWOPXPWOYc

!!zWSRgR]VSTbPWTWU|UV}TzYYS\RZV\YS|V}T~WOXYZOV[UWTOWT\WOWQXW�VTWZTUVTpZORP]R_ZqWZWgR]RVSRVc

!!NOPQRSTUVOTgUP]PV]RYZWOT\WUThRXYT\WTzVQ[RYcTdZTWUTOWZR\YT\WTbPWTORTWUTWbPRXYTRWZWPZT]YOYTQVaYSTVUTXSWOPXPWOV\YTVOPQRSrTUVT\RgWSWZ]RVT]YZOR\WSVZ\YTWUTQYZYQr{RQYTVTOWSTgRZVZ]RV\YTXYSTNvpwc

!!�VSVZRfVSTUYOTSWbPWSRQRWZYOTXVSVTUYOTXSY]WOYOT\WTRZOVUV]R_ZT\WUTWbPRXYc

!!�VSVZRfVSTUYOTRZOPQYOTaTSWbPWSRQRWZYOTXVSVTWUT]YSSW]YTgPZ]RYZVQRWZYT\WUdbPRXVQRWZYTVTV\bPRSRSc

!!�VSVZRfVSTWUTXWSOYZVUTZW]WOVSRYTXVSVTWUTQVZWoYT\WUTdbPRXVQRWZYTOWkmZT]YSSWOXYZ\V]YZOR\WSVZ\YTUVTSWkUVT\WT]YgRZVZ]RVQRWZYT\WUT���T]YZTVXYSWOTXW]PZRVSRYOc

!!wW]UVSVSTW{XSWOVQWZWTORTUVTXSYXPWOVTWOrTORWZ\YTXSWOWZV\VTWZTgYSQVTORQPUrZWVTY]YQXUWQWZVSRVTWZTVUkmZTYSYTtYZ\YT\WUTdOV\YTYT\WTNvpwTYTWOrTORWZ\YTgRZVZ]RV\VXYSTVUkmZTYSYTgYZ\YTXm[UR]Yc

!!wW]UVSVSTbPWTOWTV\�RWSWTaT]PQXUWT]YZTUVOTY[URkV]RYZWOTWOXW]RgR]V\VOTWZTWUTXPZYT��T\WUVOTXSWOWZWOT[VOWOc

�c!!!!G+4)#+&-i'#-+0$4)/$*)$12-%'3-$0&+)9)'##$4+(-+647TORT]YSSWOXYZ\WTXVSVToPORgR]VSTWUQYZYTOYUR]RV\YTVTNvpwTWZTWUT�WQTNcTdbPRXVQRWZYcTdZT]VOYT\WTXYOPUVSTOYUYT]YZTPZV

]YRfV]R_ZTOWT\W[WSrTV\oPZVSTPZVToPORgR]V]R_ZTgPZ\V\VTWZTSWWQXUVfYT\WTUVT�\VT]YRfV]R_ZOYUR]RV\VcT~WOXW]YTVUTPOYT\WTXSYjWW\YSTmZR]YTZYTOWSrToPORgR]V]R_ZTOPgR]RWZWTPZVT]VSVT\WUXSYjWW\YScTN\R]RYZVUQWZWTOWT\W[WSrTRZ]YSXYSVSTPZVToPORgR]V]R_ZT\WTXYSTbPeTOWTWURkWTWUWbPRXYT\WTVbPWUTXSYjWW\YSTWOXW]�gR]YTaTZYTYSYTPTYSVTW]ZYUYk�VT\ROXYZR[UWTWZTWUTQWS]V\YZV]RYZVUcTnRTW{ROWZTWbPRXYOTORQRUVSWOTWZTWUTQWS]V\YTZV]RYZVUTOWT\W[WZTVZVURfVSTaTgPZ\VSXYSTbPeTZYTOYZT]YZOR\WSV\YOTR\_ZWYOTXVSVTWUTXSYaW]YcTN\WQrOTUVToPORgR]V]R_ZT\W[WRZ]YSXYSVSTVOXW]YOT]YQYTkVSVZ�VOTOWSjR]RYTe]ZR]YT]VXV]R\V\T\WTSWVURfVSTQVZWZ]RYZWOTaOWSjR]RYTXYOTjWZVcTH4&$)$4)20)($12-4-&+)/$)%+4&2*'#-50<)$0)#'4+)/$)4$()'/;2/-#'/')*'%(+%2$4&')/$,$)($'*-i'()*')#+3%(')/$)'#2$(/+)')*+4)K04&(2#&-�+4)/$)($0/-#-50c

�!!!!!!!!"0$8+4�)WZTWOVTOW]]R_ZTOWTV\oPZVZ�

�!!!|uszpuvN�})�'(&'4)/$)%'(&-#-%'#-50)/$)-0�$4&-.'/+($46'47)$8&('0;$(+46'47TbPW

XPW\WZTOWSTV\oPZVOTWZTgYSQVYTUR[SWc

T

Page 13: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!!!"#$%&'()#*+,-+'$)-./*01234567671891:7383;<614=;>594<=812319;<37?814=;1:378=;681@A3B

3C3;<A65D3;<3B1:=27E6;183712389F;626814=D=13C65A62=738G68H1231561:7=:A38<6B9;2946;2=1A;1DIJ9D=1231K1231;=DL738B18914=7738:=;23M

NO+P.#PQ-*)O+P#,.R+*-.+,-(&O.O,O+%Q-.O+,-+SO*-*+*'+$#+(#$)'-$-+&O+'$%#.TO('U$'TP.-*('$,'S&-+PO.O+*Q+O,-(QO,O+-VO&QO('U$M

W681:7=:A38<681:7383;<6268123L3;18371=79F9;6538B13;14=;834A3;496B1561:=8<A5649X;1;=1:=27I14=;<3;37B

3;15=18A8<6;4965B164<9C9262381A1=LY3<9C=81Z614AD:592=81=173659[62=813;1=<7=81:7=Z34<=81233@A9:6D93;<=1493;<E>94=162YA29462=816;<379=7D3;<3M1\;138<314=;<3J<=B183123L312345676713J:7386D3;<33;1561467<614=D:7=D98=1231561];8<9<A49X;1 3;3>9496796B1891561:7=:A38<6138<I1893;2=1:7383;<6261=>9;6;4962613;1>=7D6189DA5<I;361=14=D:53D3;<679613;165F_;1=<7=1=;2=12351\8<62=1=1231ab]cM

1

d9B13;14A65@A93713<6:6123514=;4A78=1Ze=12A76;<315613Y34A49X;12351:7=Z34<=B183123<34<615612A:5949262123:7=:A38<68B1:=27I14659>946719;62D989L531561:=8<A5649X;1=1298:=;371351<?7D9;=16;<949:62=12315=8:7=Z34<=812A:59462=8173F92=81:=715681:7383;<381L6838M

1

f!!!!!!!ghijkjljNjhghm

1

\51:7=438=123162D989L9592621837I173659[62=1:=71:378=;6512351n7=F76D61obc\pq]nB1@A93;381C379>9467I;@A318314AD:5614=;15=8173@A989<=81Z12=4AD3;<=8123<65562=813;15681:7383;<381L68381Z13;AD3762=813;135ab\ro1bstM

1

W681];8<9<A49=;381:=8<A56;<381837I;1738:=;86L5381231561C37649262B19;<3F79262B153F9L9592621Z14=;898<3;4962315619;>=7D649X;14=;89F;62613;18A81:=8<A5649=;381Z1231:7383;<675613;15=81:56[=8138<6L53492=8M1q;6P.#PQ-*)O+P#,.R+*-.+,-(&O.O,O+'$O,T'*'S&-13;1468=1231@A31561:=8<A5649X;u

1

v!!!!!!b=14AD:5614=;14A65@A937612315=8173@A989<=81Ze=14=;2949=;38138<6L53492=813;15681L683812354=;4A78=M

v!!!!!!oD9<619;>=7D649X;1=1;=19;45AZ61A;=1=1DI812315=812=4AD3;<=818=5949<62=8M

v!!!!!!w=;<3;F612=4AD3;<649X;1319;>=7D649X;19;3J64<6B19;C37=8ED951Ze=1@A319;2A[46161377=71=:7383;<31A;61234567649X;1>658612314A65@A937126<=M

v!!!!!!b=18313;<73FA313;15=81>=7D6<=818=5949<62=8B19;45AZ3;2=13J<3;89X;B1<9:=1Z1<6D6x=123153<76M1b=38<I1:37D9<92=165<376715=81>=7D6<=8138<6L53492=8M

1

d313D9<97I1A;164<=162D9;98<76<9C=B13;13514A65183123456767I1891561:7=:A38<613819;62D989L53B19;2946;2=3J:7386D3;<31351;=DL731231561];8<9<A49X;1:=8<A56;<3B1235G23156H14==729;62=7G6H1738:=;86L53123156:7=:A38<61Z156146A865M1W61;=<9>94649X;1831y67I1D3296;<31467<612979F926161?8<31_5<9D=14=;14=:9616156];8<9<A49X;M

1

W681];8<9<A49=;381:=8<A56;<381:=27I;19;<37:=;37B16;<31ab]cB1351734A78=123173:=8949X;14=;<3D:562=13;35167<E4A5=1z{1231561W3Z1bs|{M}}~1231683812315=81n7=4329D93;<=81a2D9;98<76<9C=8B1@A3179F3;15=8164<=82315=81X7F6;=81231561a2D9;98<7649X;1n_L594612351\8<62=M1n7=4329D93;<=1238479<=13;1351:A;<=1||1231568:7383;<381L6838M

1

d9;1:37YA949=12315=16;<379=7B1ab]c1:=27I12345676719;62D989L531A;61:=8<A5649X;13;14A65@A93713<6:612354=;4A78=B1y68<615613<6:6123162YA294649X;B1891831C379>94613519;4AD:59D93;<=123165FA;=12315=8173@A989<=838<6L53492=8M1\;1<651468=B1831294<67I1A;164<=162D9;98<76<9C=1Z183173659[67I1561;=<9>94649X;4=7738:=;293;<3M

1

Page 14: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"""""""#$%&'%()*+,

!-.""""""/01234156353789:82;<=5>5289;?;282;<=56359845@01@:34A84-,

BCD EFGEHIDJCD KHI LHMENCO NCD LGOPQLQGOID PI CPMQDQRQNQPCP DIFSO ITCNHCPCD EGF ITCNHCPGFIDUCDVIWJIFOGDUCDV IDEILQCNQXCPGDUCDVY KHQIOIDY DGRFI NC RCDI PI NGD LFQJIFQGD PI ITCNHCLQZOY IMQJQFSOQO[GFMID LGO NC OGJC GRJIOQPC EGF LCPC HOC PI \DJCDY NCD KHIY EGDJIFQGFMIOJIY DIFSO ITCNHCPCD IO[GFMCJG ]COIN

BCD EFGEHIDJCD DH_IJCD C EFIDINILLQZO DIFSO EFIDIOJCPCD CN GODI_G aDIDGF PIN ]FGbFCMC cdefghij]YG NC IOJQPCP KHI NG FIIMENCLIY IN LHCN FICNQXCFS HOC FILGMIOPCLQZO PI NCD EGDJHNCLQGOID C CP_HPQLCFEGF ECOINY IO RCDI CN EHOJC_I [QOCN GRJIOQPG EGF LCPC HOC PI INNCD k C NG QOPQLCPG IO IN OHMIFCN lm PINCD EFIDIOJID RCDID gDJC FILGMIOPCLQZO EGPFS LGOJIOIF QOPQLCLQGOID PI FI[GFMHNCLQZO LGMGLGOPQLQGOID ECFC NC [QFMC PI LGOTIOQG

fI DIF OILIDCFQG DI EGPFS CENQLCF OGFMCNQXCLQZO C NCD OGJCD PI NGD ]COINID ECFC LGO[GFMCF IN NQDJCPG[QOCN PI OGJCD PI EFIDINILLQZO

!-n""""""/8=39345635#789:82;<=,

BGD ]COINID PI gTCNHCLQZO PIN ]FGbFCMC cdefghij] DI PI[QOIO EGF bFHEGD PI IKHQECMQIOJG LGMG DIIDEILQ[QLC C LGOJQOHCLQZOo

p

qr'/s5t#5#u')/%v)#+ws

FGMCJZbFC[GD kgDEILJFZMIJFGD

gKHQECMQIOJGD LQIOJx[QLGD HJQNQXCPGD ECFC NC DIECFCLQZO PI PQDJQOJCDDHDJCOLQCD C I[ILJGD PI MIPQLQZO kyG LCECLID PI COCNQXCF IDEILJFGPI [FILHIOLQCD jOLNHkIo FGMCJZbFC[GD PI zCDIDY FGMCJZbFC[GDBxKHQPGDY aOCNQXCPGFID INIMIOJCNIDY gDEILJFZMIJFGD PI MCDCDY PI{IDGOCOLQC |CbO\JQLC eHLNICFY IOJFI GJFGD

gKHQECMQIOJG PIQO[GFMSJQLCY k GJFGDFINCLQGOCPGD

gKHQEGD PI }CFP~CFI k DG[J~CFI HJQNQXCPGD ECFC CNMCLIOCMQIOJG kEFGLIDCMQIOJG PI PCJGD g_IMENGo NHDJIFDY �IFTQPGFID PI {IP k�COLG PI fCJGDY �QDJIMC PI MCOH[CLJHFC PQbQJCN �CMRQ\O DICOCNQXCFSO IO IDJI bFHEGo fFGOIDY {GRGJD k gKHQEGD PI FIPID PILGMHOQLCLQZO

jODJFHMIOJGD �QGCOCNxJQLGD

GFFIDEGOPI C IKHQEGD PI LGOJFGNY PIDCFFGNNGY ITCNHCLQZO k COSNQDQDCENQLCPGD C MHIDJFCD EFGTIOQIOJID PIN SFIC RQGNZbQLC gNIKHQECMQIOJG LGODQPIFCPG IO IDJC LCJIbGFxC ID PI LCFSLJIF PQTIFDGoaHJGCOCNQXCPGF PI �QGKHxMQLC NxOQLCY |CbOIJGIOLI[CNZbFC[GY ] {YIOJFI GJFGD

|QLFGDLGEQGD kfQ[FCLJZMIJFGD

jODJFHMIOJGD ZEJQLGD PIDJQOCPGD C CHMIOJCF NC QMCbIO PI NGDGR_IJGD jOLNHkI PQ[IFIOJID JQEGD PI |QLFGDLGEQGDY JCNID LGMGo|QLFGDLGEQG GO[GLCNY |QLFGDLGEQG PI cNHGFIDLIOLQCY |QLFGDLGEQGgNILJFZOQLG �CFFQPGY |QLFGDLGEQG PI cHIFXCD aJZMQLCDY IOJFI GJFGD

gKHQEGD PI ]FGLIDCMQIOJG kIODCkG PI |CJIFQCNID

gKHQECMQIOJG PI EFGLIDCMQIOJGY MCKHQOCFQC G }IFFCMQIOJCDY;=6:4A0;89515853428985635&8�108A10;1Y OILIDCFQCD ECFC NC[CRFQLCLQZOY JFCJCMQIOJG G MIPQLQZO PI EFGEQIPCPID PI MCJIFQCNID

Page 15: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$%$"%&"&'&#()$*"+,-./&0&1"%&"23)4&5.6,7.8/9":)&705$;.),035,9<&70.=.7,%$5,1"%&":/>5,/&19"?$1&7;,%$5,1":@(&5.#&/0,)&19":A3.($1%&"05,77.8/9"&/05&"$05$1B

C05$1

:A3.(,#.&/0$"A3&"/$"(3&%&"1&5"7),1.=.7,%$"&/"/./>3/,"%&"),17,0&>$5D,1",/0&5.$5&1B":)"7$/'3/0$"E$05$1F"&10G"7$#(3&10$"($5"3/,4,5.&%,%"%&"&A3.($1"A3&"./7)3H&*":A3.(,#.&/0$"C7&,/$>5G=.7$9"+&$5,%,5&19"I&/1$5&1"7).#,0$)8>.7$19"&/05&"$05$1B

J

"

:)"2,/&)"%&":@(&50$1"&/":A3.(,#.&/0$"($%5G"13>&5.5",)"25$>5,#,"KCLM:NOP2"),"1&(,5,7.8/"%&",)>3/$%&")$1">53($1"(5&7&%&/0&19"&/"13->53($19"(,5,"&=&70$1"%&"&4,)3,7.8/9"&/"&)"7,1$"A3&"3/">53($7$/7&/05&"3/"&)&4,%$"($57&/0,'&"%&"($103),7.$/&1B

"

"

QRSTTTTTTUVWXYZV[Y\]X\X _a_bV[Yc

"

d,1"(5$(3&10,1"A3&"73#(),/"),1"7$/%.7.$/&1"%&",%#.1.-.).%,%"1&5G/"&4,)3,%,1"7$/=$5#&"7$/")$11.>3.&/0&1"75.0&5.$1"%&"&4,)3,7.8/*

"

J

efghifgjk\Ui\ilmnomegpq rjqUifmegpq

sRTTTTtaZuVvVb_bV[Y\eVXYuwvVb_xhybYVb_\]X\_\rz{|aXZu_

}B}TT?),5.%,%9"7$;&5&/7.,"H"(&50./&/7.,"%&)"&A3.(,#.&/0$"1$).7.0,%$"7$/"),1,70.4.%,%&1"%&"./4&10.>,7.8/"H~$"%&1,55$))$"&@(&5.#&/0,)"%&)�%&"),1�G5&,�1�"%&"./4&10.>,7.8/"A3&"),"P/10.037.8/"�&/&=.7.,5.,"%&1&,",($H,5B\

���TT�.,-.).%,%"H"1310&/0,-.).%,%"&/"&)"0.&#($"%&)"&A3.(,#.&/0$"�������������������������������������������������������������������������������������������������������������������������������������������������

}B TT¡310.=.7,7.8/"%&"),"/&7&1.%,%"%&)"&A3.(,#.&/0$"1$).7.0,%$"&/"5&),7.8/"7$/)$1"&A3.($1"&@.10&/0&1"&/"),"P/10.037.8/"H~$"&/"$05,1"&/0.%,%&19","/.4&)5&>.$/,)9"/,7.$/,)"$"1&70$5.,)B\

\

¢£¤

Page 16: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$%"#&'()%(%*+,-+!#./ 0&/)%"+!#./

123333+45678(%976:7;<=>5(?8(@:(#A97=7B>=CA

DEF33GHIJKLJMNONPQORJIHKSTKPMRKUKIQQTMRKSTHKTVPOWIXOTJNRKMRHOQONISREKYRJMOSTZITHK[WRURKIKHIKOJ\TMNO]IQOJKQRRWTZINO\IKOJNZIKTKOJNTZKOJMNONPQORJIHKUKQRJOJ\TMNO]ISRZTM_IMKTaNZIJbTZRM_IMEKcdefgehijegefeklemjnjmogfpokfqerjrokfostqogflogofpofrjnikjuvfrepfehijloqjevstwfrekmgjxjgfepfqtreptfrefiktfyfptk

resoppekfgepomjtvortkfmtvfepfsjeqltfhiefrexegzfeksogfrjkliekstflogofepommektfyfiktfreftsgtkcok{fjv|eksj}ortgekcok{wfsopekfmtqtwfpofrjksgjximjuvrefptkf~�fr�okf�zxjpekfoviopekfcmtqtfq�vjqt{wfjvkiqtkwfgeomsj|tkwlegktvop�fdjfltgfpofvosigope�ofrepfehijltwfvtfolpjmogofepfommeregfofekseltgfivfsjeqltfresegqjvortwfkefrexegzf�iksjnjmogfevfekseflivst{�

DED33YR�TZTJQOIKUKbPMNO�OQIQOJKSTKHRMKZTQPZMRMKMRHOQONISRMKIK�������LG�[�L�UKSTKHRMKIWRZNISRMKWRZKHIKLJMNONPQOJK_N�QJOQRM�KMT]PZRM�KOJ�ZITMNZPQNPZI�TJNZTKRNZRMEKdefmtvkjregogzfepflpovfrefjvksopomjuvwflieksofevfqogm�owtlegomjuvfyfqovsevmjuvfrepf�hijloqjevstfktpjmjsortwfjvmpiyevrtfepflpovrefmtvsgosomjuvfy�tfmolomjsomjuvfrepflegktvopfhiefeksogzfofmog}tfrepehijloqjevst�

�enegjgkewfevfekseflivstwfofpofvemekjrorfrefehijltkftfpoxtgostgjtkforjmjtvopeklogofepfmtggemstfrekeqle�tfrepfehijltfltksiportfyfpofe�jksevmjoftfommektfo�kstk�

1��

�23333"89B@7:?59(89486:?59(?8(@:(0654B897:(�(9B(�B97=�=>:>=CA(cde

mtvkjregogzvfptkfjvrjmortgekfltksiportk{��

�EF33�PT\RKQRJRQOXOTJNRKIK]TJTZIZKQRJKTHKPMRKSTHKTVPOWIXOTJNRKMRHOQONISRE

�ED33�TJTZIQOJKSTKH JTIMKSTKOJ\TMNO]IQOJKSTZO\ISIME

�E�33[WRURKIKHIK�RZXIQOJKUKTJNZTJIXOTJNRKSTKTMNPSOIJNTMKSTKWZTKUKWRMN]ZISRE

���

¡

K

'8(?897:>:(¢B8(8A(8@(46898A78(>5A>B695(98(5756<:6£(BA:(¤5A=�=>:>=CA(?8(�¥1(4BA759(:(@59465�8>759(?8(8¢B=4:¦=8A75(68@:>=5A:?59(>5A(8@(?=:<AC97=>5¥(>5A765@¥(468§8A>=CA¥76:7:¦=8A75¥(¦5A=75685(B(57659(:948>759(§=A>B@:?59(:@(!&*#) ©ªE

K

GRZKRNZIKWIZNT�KNIX«O�JKMTKT\IHPIZ¬JKHRMKHR]ZRMKUKZTMPHNISRMKSTKHRMKWZRUTQNRMKWZT\OIXTJNTISbPSOQISRMKWRZKHIK�IQPHNISKRKPJOSISKIQIS�XOQIKSTKbTZIZVP IKTVPO\IHTJNT�KIKHIKQPIHKWTZNTJT­QIKQISIWZRWPTMNI�KTJKHIMKQRJ\RQINRZOIMKD®F��KD®F �KD®F°KUKD®F±�KTJK«IMTKIHK]ZISRKSTKQPXWHOXOTJNRKSTKHRMOJSOQISRZTMKWZRUTQNISRMKIHKXRXTJNRKSTKWRMNPHIZKTJKSOQ�IMKQRJ\RQINRZOIM�KMRHOQONISRKTJKTHKLJ�RZXTLJMNONPQORJIHKSTK²R]ZRMKZTVPTZOSRKTJKTHKDE³KSTKHIMKWZTMTJNTMK«IMTMEK²IKMO]POTJNTKNI«HIKXPTMNZIKTHWRZQTJNIbTKSTKQPXWHOXOTJNRKSTKHIK�IQPHNISKUKHRKVPTKMTKHTMKZTMNIZ IKIKHIMKWRMNPHIQORJTMKVPTKWTZNTJT­QIJIKTMNI

¡

µ6:?5(?8(>B¦4@=¦=8A75(?8=A?=>:?5689

)89>B8A75

¶®·KKF®®· ®�®

¹®·KK¹¶· ®�F

³®·KK³¶· ®�D

±®·KK±¶· ®��

°®·KK°¶· ®�

®·KK¶· ®�°

�®·KK�¶· ®�±

Page 17: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!"#$%$!&# %"'(

)"#$%$)&# %"'*

"#$%$"&# %"'&

+

,

,

-.-//////012343,56,67348329:;<

$

=$>?@?$>ABCDABE$@D$DF?GH?>BIJ$KD$GD$?KBLJ?AM$HJ?$NHJCH?>BIJ$@D$"$?$O'$>EJ$JEC?K$?$HJ$@D>BP?G'$KDLQJG?$KBLHBDJCD$C?RG?S

$

+

T349U92329:;<0V2646;W6<X8Y

Z86;[< Z86;[< \6]843< _6U9296;W6<[

T349U923<

[W3< Oa" ba" ca" !a" )a" "

+

$

d///////efggh,i,Th _jTjh 0k,_0,f_lm_jTfTjn <

$

d.o//////j;1W3;293,6;,p86,16,6349q3,64,U344[<

$

rJ?$FDs$AD>BRB@E$DG$GBKC?@E$@D$G?K$NAENHDKC?K$KDGD>>BEJ?@?K'$=tuv$DwD>CH?AM$G?$?@xH@B>?>BIJ$PD@B?JCDG?$DPBKBIJ$@D$HJ$?>CE$?@PBJBKCA?CBFEa$yJ$DG$>?KE$@D$zHD$JBJLHJ?$@D$G?K$NAENHDKC?K$NADKDJC?@?K>HPNG?$>EJ$GEK$ADzHBKBCEK$@D$KDGD>>BIJ$DKC?RGD>B@EK$N?A?$G?$?@xH@B>?>BIJ$@DG$>EJ>HAKE$E$zHD$JE$D{BKC?JNEKCHG?JCDK'$=tuv$NE@AM$@D>G?A?AGE$@DKBDACEa

$

yG$?>C?$@D$?@xH@B>?>BIJ$>EJCDPNG?AM$C?JCE$GEK$NAE|D>CEK$zHD$KDAMJ$wBJ?J>B?@EK'$?K}$>EPE$C?PRB~J$HJ?�BKC?$@D$yKNDA?$@D$NAE|D>CEK$wBJ?J>B?RGDK'$DJ$EA@DJ$@D$NABEAB@?@$@D$?>HDA@E$?$G?$AD>EPDJ@?>BIJDJCADL?@?$NEA$DG$�EJKDxE$=KDKEA$E$zHBDJ$GE$ADDPNG?>Da$yKC?$GBKC?$@D$DKNDA?$CDJ@AM$HJ?$F?GB@Ds$@D$)!"@}?K$?$>EJC?A$@D$G?$wD>�?$@D$?@xH@B>?>BIJa

$

�?$GBKC?$@D$DKNDA?$KD$NE@AM$�?>DA$DwD>CBF?$DJ$GEK$KBLHBDJCDK$>?KEKS$ADJHJ>B?$@D$?GLHJE�?�$@D$GEK�?K�?@xH@B>?C?ABEK�?K�$E$zHD$?GLHJE�?�$@D$DGGEK�?K�$KD$DJ>HDJCAD$BPNEKBRBGBC?@E�?�$N?A?$DxD>HC?A$DGNAE|D>CE'$E$zHD$JE$KHK>ABR?$DG$>EJFDJBE$@DJCAE$@D$GEK$NG?sEK$DKC?RGD>B@EK$DJ$G?K$R?KDK'$E$zHD$D{BKC?@BKNEJBRBGB@?@$NADKHNHDKC?AB?$DJ$DG$NDA}E@E'$P?CDAB?GBsMJ@EKD$?$CA?F~K$@D$HJ$?>CE$?@PBJBKCA?CBFEa

$

d.�//////X623;91�[,56,1646229:;<

$

yG$PEJCE$��V9�[$?$?@xH@B>?A'$NEA$>?@?$uJKCBCH>BIJ$NEKCHG?JCD'$KDAM$DG$DzHBF?GDJCD$?G$!"#$@DG$CEC?G?@xH@B>?@E$DJ$G?$NADKDJCD$>EJFE>?CEAB?a

$

�D$@DKCBJ?AM'$?G$PDJEK'$HJ$cO#$@D$GEK$AD>HAKEK$@BKNEJBRGDK$N?A?$G?$?@xH@B>?>BIJ'$?$GEK$NAE|D>CEK$zHDERCDJL?J$HJ$NHJC?xD$P?|EA$E$BLH?G$?$c'O$NHJCEK$@D$HJBFDAKB@?@DK$@D$ADLBEJDK$@BKCBJC?K$?$G?$�DLBIJ�DCAENEGBC?J?a

Page 18: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!

"#!$%&'!()!*+)!,%!&+-%!()!,'&!-'#.'&!&',/$/.%('&!0'1!)&.'&!01'2)$.'&!&)%!/#3)1/'1!%,!456!()!,'&1)$+1&'&!(/&0'#/7,)&8!&)!%(9+(/$%1:!,%!01'0'1$/;#!*+)!$'11)&0'#(%!2!),!&%,('!&)1:!%&/<#%('!%01'2)$.'&!7/)#!)=%,+%('&!>?@485A!()!,%!B)</;#!C).1'0',/.%#%D

!

E'!&)!0'(1:#!%(9+(/$%1!01'0+)&.%&!*+)!F%2%#!&/('!)=%,+%(%&!$'#!#'.%!-)#'1!%!48G!)#!$+%,*+/)1%!()

,'&!$1/.)1/'&!)&.%7,)$/('&D

!

!

"#!$%&'!()!*+)!)H/&.%#!('&!'!-:&!01'0+)&.%&!$'#!,%!-/&-%!#'.%!3/#%,8!*+)!&)!)#$+)#.1)#!)#!),!,I-/.)()!$'1.)!0%1%!%(9+(/$%$/;#8!&)!$'#&/()1%1:#!,%&!&/<+/)#.)&!-)(/(%&!()!()&)-0%.)J

!

KDLLLLM)!01/'1/N%1:!,%!01'0+)&.%!$+2'>%A!$''1(/#%('1>%A!1)&0'#&%7,)!&)%!(),!&)H'!-)#'&!1)01)&)#.%(')#!,%!$%#./(%(!()!0'&.+,%$/'#)&!%!%(9+(/$%1D

ODLLLLM)!01/'1/N%1:!,%!01'0+)&.%!()!,%!/#&./.+$/;#!$'#!-)#'&!1)01)&)#.%$/;#!()!,%&!0'&.+,%$/'#)&!%%(9+(/$%1D

!

!

!

PQRLLLLLLSTUVWVXYXVZ[\Y\]T _Y \aT Ub]Y[Uc d

!

e#%!=)N!.1%-/.%('!),!%$.'!%(-/#/&.1%./='!()!%(9+(/$%$/;#8!),!3%,,'!(),!$'#$+1&'!&)1:!0+7,/$%('!)#!,%0:</#%!f)7!()!gEhi!F..0&JjjfffD%#/(D$,j$'#$+1&'&j!k!"9)!"&.1%.l</$'!m)#.1'&!k!hn!m'#$+1&'!()"*+/0%-/)#.'!m/)#.I3/$'!2!o)$#',;</$'!C)(/%#'!pqEi"rehs!t!guq!OGOG!2!$'-+#/$%('!%!,%&h#&./.+$/'#)&!v)#)3/$/%1/%&!2!$''1(/#%('1)&>%&A!0'&.+,%#.)&!>-)(/%#.)!$%1.%!2!$'11)'!),)$.1;#/$'/#3'1-%('&!)#!,%!0'&.+,%$/;#AD

!

w'&>%&A!0'&.+,%#.)&!0'(1:#!/#.)10'#)1!%#.)!gEhi8!),!1)$+1&'!()!1)0'&/$/;#!$'#.)-0,%('!)#!),!%1.I$+,'5x!()!,%!w)2!EyKxDzzG!()!v%&)&!()!,'&!s1'$)(/-/)#.'&!g(-/#/&.1%./='&8!*+)!1/<)#!,'&!%$.'&!()!,'&;1<%#'&!()!,%!g(-/#/&.1%$/;#!s{7,/$%!(),!"&.%('D!s1'$)(/-/)#.'!()&$1/.'!)#!),!0+#.'!KK!()!,%&01)&)#.)&!7%&)&D

!

!

|LLLLLLL}~S��S�~d

!

"#!),!$'#=)#/'!&)!)&.%7,)$)1:#!)H01)&%-)#.)!,'&!()1)$F'&!2!'7,/<%$/'#)&!()!$%(%!+#%!()!,%&!0%1.)&8,%&!3%$+,.%()&!()!gEhi!2!.'(%&!%*+),,%&!$,:+&+,%&!*+)!1)&<+%1()#8!(),!-)9'1!-'('!0'&/7,)8!),$+-0,/-/)#.'!()!,'&!3/#)&!()!)&.%!$'#='$%.'1/%D!w'&!$'#=)#/'&!&+&$1/.'&!()7)1:#!&)1!%01'7%('&!0'1gEhi!-)(/%#.)!),!%$.'!%(-/#/&.1%./='!$'11)&0'#(/)#.)D

!

|Q�LLLLLL�b X�VaXVZ[\�c\XT[�c[VTd

!

",!01'$)&'!()!3/1-%!()!$'#=)#/'!()!)9)$+$/;#!)#.1)!gEhi!2!),>,%A!B)01)&)#.%#.)!w)<%,!()!,%h#&./.+$/;#!v)#)3/$/%1/%8!&)!1)%,/N%1:!()#.1'!()!,'&!OG!(I%&!F:7/,)&8!%!$'#.%1!()!,%!3)$F%!()!#'./3/$%$/;#()!%(9+(/$%$/;#D!M','!)#!$%&'&!()7/(%-)#.)!9+&./3/$%('&!2!%01'7%('&!0'1!gEhi!&)!0'(1:!3/1-%1!),$'#=)#/'!)#!3)$F%!0'&.)1/'1D

Page 19: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� ����

!

"#$%&'!(#!)'*!+$#,'*!(#)!-'$.#$/'!*#!(#0#!+(12$%+&!)+!"345676489:!;<76"6!=8>?53!@8$.#&*/'$#*#$!8$*%&2A#$%'*!B/$+$-/#&'*CD!*#EF$!G'&A+%'!(/*H2#*%'!H'&!BI:"3J<8?K

!

3$!#)!-+*'!(#!L2#!)+!8$*%/%2-/M$!N#$#G/-/+&/+!$'!G'&A+)/-#!)+!G/&A+!(#)!-'$.#$/'!&#*H#-%/.'D!*#!+*2A/&OL2#!&#$2$-/+!+)!0#$#G/-/'D!(+$('!H+*'!+!)+!+-%/.+-/M$!(#!)+!)/*%+!(#!#*H#&+K

!

3)!-'$.#$/'!-'A#$P+&O!+!&#E/&!+!H+&%/&!(#!)+!G#-Q+!#$!L2#!#)!+-%'!+(A/$/*%&+%/.'!L2#!)'!+H&2#0#!*##$-2#$%&#!%'%+)A#$%#!%&+A/%+('K

!

!

RSSSSSSSTUVWXYZUZW[\V]Z]UZ[_UX Xa

!

3)!A'$%'!%'%+)!+(12(/-+('!H'&!#)!H&'b#-%'!*#&O!%&+$*G#&/('!+!)+!8$*%/%2-/M$!N#$#G/-/+&/+!#$!2$+!*')+-2'%+D!*#EF$!(/*H'$/0/)/(+(!H&#*2H2#*%+&/+!(#)!*#&./-/'D!2$+!.#P!&#+)/P+(+!)+!%'%+)!%&+A/%+-/M$!(#)&#*H#-%/.'!-'$.#$/'!b!H&#*#$%+(+!)+!-+2-/M$!-'&&#*H'$(/#$%#D!*/!+*c!H&'-#(#K

!

5+!8$*%/%2-/M$!N#$#G/-/+&/+!(#0#&O!#*%+&!/$*-&/%+!#$!#)!7#E/*%&'!4#$%&+)!(#!4')+0'&+('&#*!(#)!3*%+('!b>2$/-/H+)/(+(#*K!7#L2/*/%'!#*#$-/+)!H+&+!L2#!6:8"!H2#(+!&#+)/P+&!%&+$*G#&#$-/+*!(#!&#-2&*'*D!*#EF$!)'#*%+0)#-/('!#$!)+!5#b!:d!efKghiK

!

5+*!8$*%/%2-/'$#*!?F0)/-+*!b!?&/.+(+*!(#0#&O$!(#*%/$+&!2$+!-2#$%+!0+$-+&/+!/$*%/%2-/'$+)D!#$!)+!-2+)6:8"!%&+$*G/#&+!)'*!&#-2&*'*!-'&&#*H'$(/#$%#*!+!)'*!H&'b#-%'*!+(12(/-+('*!b!)'*!+H'&%#*!H#-2$/+&/'*(#!)+!H&'H/+!8$*%/%2-/M$!+)!H&'b#-%'K

!

5+!%&+$*G#&#$-/+!(#!&#-2&*'*!b!&#$(/-/M$!(#!-2#$%+*!*#!&#+)/P+&O!-'$G'&A#!+!)'!/$(/-+('!#$!)+7#*')2-/M$!:djklikem!(#!)+!4'$%&+)'&c+!n#$#&+)!(#!)+!7#H20)/-+K

!

=#&O!-'$(/-/M$!H+&+!)+!%&+$*G#&#$-/+!(#!)'*!&#-2&*'*D!L2#!)+!B+-2)%+(!'!2$/(+(!+-+(oA/-+!(#!1#&+&L2c+#L2/.+)#$%#D!(#$%&'!(#!)+!8$*%/%2-/M$!N#$#G/-/+&/+D!$'!%#$E+!-'AH&'A/*'*!%o-$/-'*!H#$(/#$%#*!-'$BI:"3J<8?K!6(#AO*D!L2#!)+!\pqrsrtusvp]wxpxysusz{sz]|}~�suz]p�]rxp�z]{xp�sus�pxq]�x]utxprzq�xp�sxprxq]u�p]VW\ D!*#EF$!G#-Q+!(#!#,/E/0/)/(+(!bD!#$!-+*'!(#!)+*!\pqrsrtusvp!wxpxysusz{sz|{s�z�zD!p�]rxp�z]{xp�sus�pxq]�x]utxprzq]�xp�sxprxq]u�p]VW\ ]qsp]�z{zprs�z{K

!

!

R��SSSSSS�z{zpr�zqa

!

�z{zpr�zq]\pqrsrtus�pxq]|{s�z�zq�

5+*!8$*%/%2-/'$#*!?&/.+(+*D!(#0#&O$!E+&+$%/P+&!#)!G/#)!2*'!(#!)'*!&#-2&*'*!L2#!%&+$*G/#&#!6:8"!H+&+!)+*+-%/./(+(#*!(#!)'*!H&'b#-%'*D!*#EF$!)'!(/*H'$E+$!)+*!-)O2*2)+*!/$(/-+(+*!#$!)'*!-'$.#$/'*D!A#(/+$%#0')#%+!(#!E+&+$%c+!0+$-+&/+D!.+)#!./*%+!#$('*+0)#!'!HM)/P+!(#!*#E2&'!(#!#1#-2-/M$!/$A#(/+%+K

"/-Q'*!('-2A#$%'*!(#0#$!%#$#&!2$+!./E#$-/+!(#D!+!)'!A#$'*D!egk!(c+*!(#*(#!)+!G#-Q+!#,/E/0)#!(#!)+7#$(/-/M$!(#!42#$%+*!H'&!-+(+!(#*#A0')*'!'!-2'%+K

!

Page 20: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#$%&'(#)*+,'#,-,+./*'#,0#+%1'%#&,#0*2#3*'*4/5*2#6,4+7%4*&*2#*0#6%6,4/%#&,#2.#,87371707&*&27,6$',#9.,#,872/*4#2*0&%2#$,4&7,4/,2#$%'#0*2#273.7,4/,2#+*.2*0,2:#74+.6$0767,4/%#&,#0*#%1073*+7;4#&,$',2,4/*'#',4&7+7%4,2#&,#+.,4/*2<#3*2/%2#',4&7&%2#$%'#*+0*'*'#=#',74/,3'%2#4%#',*07>*&%2?#,4+%6$0,6,4/%#*#0%#*4/,'7%'<#.4*#@,>#A74*07>*&%#,0#$'%+,2%#&,#+%1'*4>*#*&67472/'*/7@*#=#*4/,2#&,0$'%+,2%#&,#+%1'*4>*#-.&7+7*0<#� !"#$%&'(#)*+,'#,A,+/7@%#,0#+%1'%#&,#0*2#3*'*4/5*2#,872/,4/,2B

#

CDEDFGHDIJKFIGLGMNLOFPIJQRSTLNDIU

V4#,0#&7+/*6,4# WXYBZ[\]X #&,#0*#_%4/'*0%'5*# ,4,'*0#&,#0*#a,$b107+*<#2,#2,c*0*#9.,<#,4#0*2742/7/.+7%4,2#4*+7%4*0,2#$,'/,4,+7,4/,2#*#0*#*&67472/'*+7;4#&,0#V2/*&%<#4%#,872/,#%1073*/%'7,&*&#&,3*'*4/7>*'#%#*2,3.'*'#,0#+.6$0767,4/%#&,#+%6$'%672%2#+%4/'*5&%2#,4/',#d'3*4%2#&,#0*#�&67472/'*+7;4&,#V2/*&%?#$%'#0%#+.*0#� !"#4%#,8737'(#0*#$',2,4/*+7;4#&,#3*'*4/5*2#*#!42/7/.+7%4,2#&,0#V2/*&%<#$%'',+.'2%2#9.,#/'*42A7,',#,4#,0#6*'+%#&,#+%4@,47%2#2.2+'7/%2#$%'#0*2#$*'/,2B

#

#

efffffffghCiKjKhklmJnJomklpmqJrhJqmgJQpmnholmgs

#

tu "Vvw!x]� !"#',*07>*'(#,0#2,3.767,4/%#=#+%4/'%0#&,0#$'%=,+/%#+%6%#),''*67,4/*#&,#6*4,-%#&,74A%'6*+7;4#$*'*#0*#/%6*#&,#&,+727%4,2<#0*#6*4/,4+7;4#&,#.4#*&,+.*&%#+%4/'%0#&,0#.2%#&,#0%2#',+.'2%2/'*42A,'7&%2<#,0#+%4/'%0#&,#0%2#',2.0/*&%2#&,#+*&*#$'%=,+/%#=#,0#*$%=%#*0#&,2*''%00%#,87/%2%#&,#+*&*.4%#&,#,00%2<#+.=%#A74#,2#0*#*&9.727+7;4<#742/*0*+7;4#=#$.,2/*#,4#6*'+)*#&,0#,9.7$*67,4/%B

#

#

eyzffffffrLI{OFLSLTL|D|J}JPFGEP~DJ|PJLF�OE�DNL�Fs

#

�*#!42/7/.+7;4#�,4,A7+7*'7*#,2/(#%1073*&*#*#%/%'3*'#0*2#A*+707&*&,2#4,+,2*'7*2#*#tu "Vvw!x]� !"#$*'*',*07>*'#,0#2,3.767,4/%#=#+%4/'%0#/�+47+%#=#A74*4+7,'%#&,0#$'%=,+/%<#+%4A%'6,#+%4#0%2#$'%+,&767,4/%2,2/*10,+7&%2#,4#0*2#$',2,4/,2#1*2,2#+%4+.'2*0,2B

�*#!42/7/.+7;4#�,4,A7+7*'7*#$,'67/7'(<#,4#/%&%#6%6,4/%<#0*#',@727;4#&,#0*#74A%'6*+7;4#=#&%+.6,4/*+7;42.2/*4/7@*<#*&67472/'*/7@*#=#+%4/*10,<#6,&7*4/,#@727/*2#*#/,'',4%#%#17,4<#2%07+7/.&,2#A%'6*0,2#&,74A%'6*+7;4<#9.,#$,'67/*#@,'7A7+*'#,0#&,2*''%00%#&,0#$'%=,+/%<#$%'#$*'/,#&,#0%2#$,'2%4,'%2#9.,#*+',&7/,� !"#%#0*#_%4/'*0%'5*#,4,'*0#&,#a,$b107+*<#74+0.27@,#0.,3%#&,#/,'674*&*#0*#@73,4+7*#&,0#',2$,+/7@%$'%=,+/%#2,3b4#+%4@,47%<#$%'#.4#$0*>%#65476%#&,#Y#*c%2B

#

ey�ffffffgP~ML�LPFGOJD|�LFLIGEDGL�OJ}J�LFDFNLPEOs

#

V0#�,3.767,4/%#t74*4+7,'%#&,#0%2#$'%=,+/%2#*&-.&7+*&%2#2,#',37'(#$%'#0*2#4%'6*2#,2/*10,+7&*2#$%'#0*a,2%0.+7;4# �� #&,0#XX#&,#6*'>%#&,#� XY#&,#0*#_%4/'*0%'5*# ,4,'*0#&,#0*#a,$.107+*<#,0#!42/'.+/7@%,4,'*0#&,#a,4&7+7;4#&,#_.,4/*2#&,#� !"#=#2.#+%'',2$%4&7,4/,#�4,8%#tu "Vvw!x<#,4#,0#+.*0#2,,4+.,4/'*4#,2/*10,+7&%2#0%2#$'%+,&767,4/%2#$*'*#*&9.727+7%4,2#=#+%4/'*/*+7%4,2#=#0*2#',30*2,2$,+5A7+*2#&,#',4&7+7;4#&,#+.,4/*2B

v.,&*#,2/'7+/*6,4/,#$'%)717&%#74@,'/7'#0%2#A%4&%2#/'*42A,'7&%2#$*'*#,0#&,2*''%00%#&,0#$'%=,+/%<#,4+.*09.7,'#/7$%#&,#742/'.6,4/%2#A74*4+7,'%2#%#*+/7@%2#&737/*0,2<#=*#2,*#&,#',4/*#A7-*#%#@*'7*10,<#&,#+%'/%%#0*'3%#$0*>%<#9.,#',&7/b,#74/,',2,2<#',*-.2/,2#.#%/'*2#./707&*&,2<#/*0,2#+%6%:#A%4&%2#6./.%2<*++7%4,2<#&,$;27/%2#*#$0*>%<#1%4%2<#6%4,&*2#@7'/.*0,2<#,/+B

x%'#0%#*4/,'7%'<#2,#2%07+7/*'(#.4*#rPNTDEDNL�FJ�MED|DJgL�{TP#�� V�u# WY�#&,0#�&,#0*�_%%'&74*&%'�*�#a,2$%42*10,#&,0#x'%=,+/%<#,4#0*#+.*0#2,#,2/*10,>+*#9.,#0%2#A%4&%2#/'*42A,'7&%2#$%'� !"#4%#2,'(4#74@,'/7&%2#,4#4743b4#742/'.6,4/%#A74*4+7,'%<#0*#9.,#&,1,#2,'#,4@7*&*#-.4/%#+%4#,0�OE�MTDELOJ|PJpPNP{NL�FJ|PJ�OF|OIJ�� V�u# W��#,4#0*#$'76,'*#",+0*'*+7;4#&,# *2/%2$',2,4/*&*B

Page 21: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

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

$

GHIJJJJJJKLMNOPOLQRSTRUVQOVSTWTXLTYLZN[R\XSZ]

T

9%$-&!('#!$"'$#'=),8,'63!$3F(6,(!$"'%$-&!2'(3!$(!6#,"'&*&5$'%$()8-%,8,'63!$"'$%*#$*(3,<,"*"'#;$@,3!#$2&'#)%3*"!#$'#-'&*"!#$(!8-&!8'3,"!#$-*&*$%*$(!6#'()(,:6$"'$%!#$!4+'3,<!#;$*#>$(!8!;$*)'%%!#&'),#,3!#$"'$*-&!4*(,:6$'#3*4%'(,"!#$'6$%*#$-&'#'63'#$4*#'#$(!6()&#*%'#B

$

7*&*$<'&,?,(*&$2$(!63&!%*&$'%$()8-%,8,'63!$"'$%!#$-&!")(3!#$2$&'#)%3*"!#$'#-'&*"!#$(!8-&!8'3,"!#;_ /19ab07$&'*%,D*&5$<,#,3*#$*$3'&&'6!$2$#!%,(,3*&5$,6?!&8'#$"'$*<*6(';$?,6*%'#$2$"'$#'=),8,'63!;()2!#$(!63'6,"!#$2$-&!('",8,'63!#$"'$'63&'=*;$&'<,#,:6$2$*-&!4*(,:6$!$&'(@*D!$#'$'#-'(,?,(*6$*(!63,6)*(,:6c

$

dLVe\TXLTOQOVOSTXLT[SZTfYSWLVRSZ

C*$?'(@*$"'$,6,(,!$"'$%!#$-&!2'(3!#$'#3*&5$"'?,6,"*$-!&$%*$?'(@*$"'$3&*8,3*(,:6$"'$%*$&'#!%)(,:6$)'*-&)'4'$'%$&'#-'(3,<!$(!6<'6,!$"'$'+'()(,:6B

$

$

gQhSYPLTXLTij\QVL

9#3'$,6?!&8'$"'4'&5$#'&$'63&'=*"!;$'6$'%$-%*D!$"'$ZLOZTPLZLZ$"'$,6,(,*"!$'%$-&!2'(3!B$k'$'#-'&*$)''6$'#3*$?'(@*$2*$#'$'6()'63&'6;$*%$8'6!#;$&'*%,D*"*#$%*#$%,(,3*(,!6'#$(!&&'#-!6",'63'#B

$

9#3'$,6?!&8'$"'4'$,6(%),&$%*$#,=),'63'$,6?!&8*(,:6c

lJJJJJJ1'(%*&*(,:6$-*&(,*%$"'$=*#3!#$&'*%,D*"!#$*$%*$?'(@*$m06#3,3)(,!6'#$7&,<*"*#nB

lJJJJJJ1'3*%%'$"'%$'#3*"!$"'$*<*6('$"'%$-&!('#!$#'=),"!$-*&*$%*$*"),#,(,:6$"'%'),-*8,'63!B

lJJJJJJo*%'6"*&,D*(,:6$"'$%*#$*(3,<,"*"'#$&'*%,D*"*#$*$%*$?'(@*$2$%*#$)'$)'"*6$-!&'+'()3*&B

$

1'$6!$@*4'&$&'*%,D*"!$%,(,3*(,!6'#$!$6!$@*4'&$'8,3,"!$%*$!&"'6$"'$(!8-&*$(!&&'#-!6",'63';$#'$"'4'*"+)63*&$)6*$(*&3*$?,&8*"*$-!&$)6m*n$p'-&'#'63*63'$06#3,3)(,!6*%;$,6",(*6"!$)'$#'$'6()'63&*$'6(!6!(,8,'63!$"'%$*3&*#!$'6$%*$'+'()(,:6$"'%$-&!2'(3!$2$"'3*%%*6"!$%*#$&*D!6'#$"'$3*%$#,3)*(,:6B

$

$

gQhSYPLZTdOQ\[LZ

C!#$,6?!&8'#$#!%,(,3*"!#$*%$hOQ\[Oq\YT[\TLrLVNVOsQTXLT[\TfYOPLY\TLR\f\TXL[TfYSWLVRS$#!6c

lJJJJJJgQhSYPLTtUVQOVSTdOQ\[c$,6?!&8'$)'$"'4'$#'&$'6<,*"!$*%$8'#$"'$3'&8,6*"*$%*7&,8'&*$93*-*$"'$'+'()(,:6$"'%$-&!2'(3!;$)'$"'4'$()8-%,&$(!6$%!$,6",(*"!$'6$'%?!&8*3!$'63&'=*"!$-!&$_ /19ab07$2$'6$'%$()*%$#'$"'4'$,6(%),&c

uJJJ7:%,D*$"'$#'=)&!$"'%$'),-!B

Page 22: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#$%&'()*")+,-",&.'$()*"/)"01$2()",)/.)$,%&$&13$4,5

� 6(,&'.&()*")7.,&",3$4,)2'"-",&$-.)*"/)"01$2.7$",&()()%1)"01$-./",&"5

� 8$39.)*"):01$2.7$",&();",)<('7.&():=3"/>5

? @ABCDEFGHIJAKALJFDCGHIJAKMFG);N2('&")NO+PQ)N2('&")R"31,$.'$(Q)N2('&")O(R"31,$.'$(>Q)",)/(%)<('7.&(%)*$%21"%&(%)2(')8SOP:TU+R5

!"%2"3&()./)N2('&"HVFLWAJKDJCQ)./)XYDEJACHZFHMKHVDJEFDKH[XK\K)*"):]"313$4,)*"/)R'("3&(Q)%"*"_"')*"3/.'.')/.)2'("33$4,)*"/)#.%&()",)"/)a&"7)65b5)c.%&(%)*")S2"'.3$4,)d()"/).2('&")"<"3&$-()","/)a&"7)65e5)6.2.3$&.3$4,)d()a&"7)N5):01$2.7$",&(5)f()31./Q)",)3(,]1,&()3(,)/.)'",*$3$4,)*"/).2('&"8SOP:TU+RdNO+PQ)2"'7$&$')'"_.].')/.)*"1*.)3(''"%2(,*$",&")./)7(,&()&'.,%<"'$*()2(')NO+P5

R(%&"'$('7",&"Q)./)BJAKMJgKDHMKHhFiWAZKH[XK\KH*"):]"313$4,)*"/)R'("3&(Q)%")*"_"')*(317",&.')/.'",*$3$4,)*")/(%).2('&"%)2"31,$.'$(%)'"./$j.*(%)"<"3&$-.7",&")",)"/)a&"7)65b5)c.%&(%)*")S2"'.3$4,;3(,&'.&.3$4,)*")2"'%(,./>5

)

:,)"/)3.%()01")"/)&(&./)*").2('&"%)2"31,$.'$(%),()./3.,3")"/)ekl)*"/)7(,&()*"/)a&"7):01$2.7$",&(Q)"/%./*()2.'.)//"#.').)m%&")*"_"')%"')*"2(%$&.*().)/.)31",&.)*")/.)NO+P

)

)

)

)

nJGJXKGHKHoFDDFACHZFMH[pWJ\KEJFAXC

8SOP:TU+RdNO+P)$,%2"33$(,.')",)&"''",()/.)"=$%&",3$.Q)$,%&./.3$4,) )<1,3$(,.7$",&()*"/"01$2.7$",&().*01$'$*()",)"/)7.'3()*"/)2'("3&())&(*.%).01"//.%).3&$-$*.*"%)3(72'(7"&$*.%)",)/.2'(21"%&.Q)",&'")"//.%Q)/.%).*"31.3$(,"%)*")$,<'."%&'13&1'.)'"./$j.*.%5)R(')/()&.,&(Q)/.)+,%&$&13$4,q","<$3$.'$.)&",*')/.)(_/$#.3$4,)*")*.')/.%)<.3$/$*.*"%),"3"%.'$.%)2.'.)"%&.)$,%2"33$4,5

f.)+,%&$&13$4,)q","<$3$.'$.)*"_"')$,#'"%.')&(*.)/.)$,<('7.3$4,)'"<"'",&").)/(%)"01$2(%)3$",&a<$3(%)01"%"',).*01$'$*(%)2(')3(,3"2&()*")"%&")2'("3&(Q)",)/(%)%$%&"7.%)*")$,<('7.3$4,)()'"#$%&'(%$,<('7 &$3(%)01")NO+P)*$%2(,#.)2.'.)"//(5):%)'"%2(,%._$/$*.*)*")/.)+,%&$&13$4,)q","<$3$.'$.).3&1./$j.'.,1./7",&")/.)$,<('7.3$4,)",&'"#.*.)",)"%&(%)'"#$%&'(%)d()%$%&"7.%)*")$,<('7.3$4,5)P"),()"%&.'*$%2(,$_/"%)"%&(%)%$%&"7.%Q)/.)+Ors+sU6+tO)q:O:8+6+N!+N)*"_")",-$.')/.)$,<('7.3$4,)31.,*(8SOP:TU+R)/()%(/$3$&"5

)

@ABCDEFGHZFHhFiWJEJFAXC

H

f(%)2'("3&(%).*]1*$3.*(%)2(')8SOP:TU+RQ)*"_"',)",&'"#.')ZCGHJABCDEFGHZFHGFiWJEJFAXCQ)",)/(%31./"%)%")*"_"')*.')31",&.)*"/):01$2.7$",&().*01$'$*(5):,)m%&(%Q)%")*"_"')$,<('7.')"/)1%()01")%"/")9.)*.*()./)"01$2(Q)*$<"'",3$.,*()"/)*")/.)+,%&$&13$4,)q","<$3$.'$.Q)+,%&$&13$(,"%)N%(3$.*.%)7"*$.,&")"/)N33"%()._$"'&(Q)/(#'(%)#","'.*(%)3(,)"/)1%()*"/)"01$2(Q).-.,3")",)"/)3172/$7$",&()*")/(%$,*$3.*('"%)3(72'(7"&$*(%)./)7(7",&()*")2(%&1/.'Q)1%()",).3&$-$*.*"%)*")<('7.3$4,Q)21_/$3.3$(,"%.%(3$.*.%)./)"01$2(Q)a,*$3")*")$72.3&())3$&.3$(,"%)*")/.%)7$%7.%Q)",&'")(&'.%5

)

uCGHJABCDEFGHZFHhFiWJEJFAXCHvwxHyHvwzH*"_",)3(,&","')/(%)'"%1/&.*(%)*"/)1%()*"/)"01$2.7$",&(./)7"%)b{)){|Q)'"%2"3&$-.7",&"Q)3(,&.*(%)*"%*")/.)<"39.)*")&m'7$,()*")/.)VDJEFDKH[XK\K)*":]"313$4,)*"/)2'("3&(Q)%"#},)3(,-",$(Q))*"_")",&'"#.'%")",)1,)2/.j(),()%12"'$(').)~�HZ�KGHZFGZFMKHBFL�KHLCDDFG\CAZJFAXFQ)%"#},)"/)<('7.&()*$%21"%&()2(')"/)R'(#'.7.)8SOP:TU+R5

�%&(%)%"',)"-./1.*(%))%")3(,%$*"'.',)3(7()$,%17()",)/.)"-./1.3$4,)*")<1&1'.%)2'(21"%&.%5

)

)

Page 23: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#$%$&'&$"()*+',+-."/)&0"1

2

34562745898:6:8;<2=>:<8:62?@42ABCDEAECD=6B8626D4:8656262F62CGC:E:8;<25CF2AB4?C:=425CHCBI2DCBD4F8:8=6562C<294B762ABCJ8626F2KB4LB6762MNOPQRSTKU2VE8C<2BCD4FJCBI2:6562D4F8:8=E52C<2DE27>B8=4W

2

.XYZ[\+]X+ _]ab[b_cX\+deX\fdfX\g[e[\

2

h6D2745898:6:84<CD2ABCDEAECD=6B86D25CHCBI<2DCB2D4F8:8=656D26F2KB4LB6762MNOPQRSTK2A4B2CFiF6jk44B58<654Bi6j2lCDA4<D6HFCU2C<294B762ABCJ86262C9C:=E6B2CF2L6D=4U2F6D2VEC25CHCBI<2:E7AF8B2:4<2F6DBCLF6D25C2:498<6<:8678C<=42CDAC:898:656D2A6B62CD=C2:4<:EBD4W2QD=62D4F8:8=E52DCBI26<6F8m6562?2DC:47E<8:6BI2DE26AB4H6:8;<242BC:n6m4258BC:=67C<=C26Fi62F6j2k44B58<654Bi6j2lCDA4<D6HFCU27C586<=C:6B=6W

2

2

2

2

+

.XYZ[\+]X+ _]ab[b_cX\+eXZ[go[\+[Zp[+Z[q+&__e]c[]_ep[q+.X\d_c\[rZX

+

Q<2:6D425C2VEC2F62T<D=8=E:8;<2sC<C98:86B862F42CD=87C2<C:CD6B84U2A4B25CDC7ACt428<DE98:8C<=C2E24=B6B6m;<2GED=898:656U2A45BI2D4F8:8=6B2CF2:67H8425C2:44B58<654Bi6j2BCDA4<D6HFC262MNOPQRSTKW2Q<2CF2:6D46<=CB84B7C<=C25CD:B8=4U2CF2lCABCDC<=6<=C2hCL6F25C2F62T<D=8=E:8;<2sC<C98:86B8625CHCBI2AB4A4<CB26MNOPQRSTK2E<i6j2<ECJ4i6j2k44B58<654Bi6j2lCDA4<D6HFC2:4<2E<2ACB98F2CVE8J6FC<=CW2Q<2:6D425C2DCB6AB4H6542CF2<ECJ42ACB98FU2uOTP2C78=8BI2F62BCD4FE:8;<2VEC26ABECHC2CF2:67H84W

2

Q<2CF2:6D42VEC2CFiF6j2k44B58<654Bi6j2lCDA4<D6HFC2<42:E7AF62:4<2F6D24HF8L6:84<CD2ABCJ8D=6D2C<2CD=6Ds6DCDU25EB6<=C2F62CGC:E:8;<25CF2AB4?C:=4U2CF2KB4LB6762MNOPQRSTK2A45BI2D4F8:8=6B262F62T<D=8=E:8;<sC<C98:86B862CF2:67H8425C2>D=Ci6jW

+

vXcXab_+]X+)wgXc\xc+]XZ+-e_yXbg_

+

zC2A45BI2D4F8:8=6B294B76F7C<=C2CF2HC<C98:8425C2C{=C<D8;<25CF2ACB845425C2CGC:E:8;<25CF2AB4?C:=42D;F42C<:6D4D2GED=898:654D2=>:<8:67C<=C242A4B2:6D4294B=E8=42429ECBm6276?4BU2F62:E6F2DCBI2D47C=856262CJ6FE6:8;<A4B2uOTPW2h62D4F8:8=E525CHC2n6:CBDC2[cgX\+]XZ+g|e c_+]X+Z[+-e Xe[+)g[d[+]X+X}Xbfbxc+]XZde_yXbg_+\XY~c+b_coXc_2?25CHCBI2:4<=6B2:4<2F62J8D6:8;<25C2E<i6j2BCABCDC<=6<=C28<D=8=E:84<6FilC:=4Bi6jU2P8BC:=4Bi6j2Q:4<;78:4i6jU2PC:6<4i6jU2P8BC:=4Bi6j25C28<JCD=8L6:8;<U2C=:WjW

uVECFF62k44B58<654B62lCDA4<D6HFC25CF2AB4?C:=42VECU2A4B274=8J425C276=CB<85652n6L62ED425C2F8:C<:867>58:625C2ABC2?2A4D=<6=6F25EB6<=C2F62CGC:E:8;<25C2>D=CU2A45BI2D4F8:8=6B2CF2HC<C98:8425C2C{=C<D8;<2A4B2CFACB84542:4BBCDA4<58C<=CW2K6B62F42:E6FU25CHCBI2ABCDC<=6B2E<62D4F8:8=E526:47A6t65625C2E<2:CB=898:6547>58:42C{=C<58542A4B2E<2AB49CD84<6F2:47AC=C<=CU2A6B62CF2:6D425CF2ABC<6=6FU2?25CF2:CB=898:65425C<6:878C<=42A6B62F62D4F8:8=E525C2A4D=<6=6F242F8:C<:8625C2n8G4i6j27C<4B262E<26t4U2GE<=4262F6BCAB4LB676:8;<25C2DED26:=8J8565CDW

Q<2CF2:6D425C2VEC2CF2k44B58<654B2lCDA4<D6HFC2DC62A65BC25EB6<=C2F62CGC:E:8;<25CF2AB4?C:=4U2=C<5BI2F6A4D8H8F856525C2D4F8:8=6B2CF2HC<C98:8425C2C{=C<D8;<2A4B2CF2ACB�4542VEC25EBC2DE2ACB78D42A4D=<6=6FA6BC<=6FU2A6B62F42:E6F2=67H8><25CHC265GE<=6B2CF2:CB=898:65425C2<6:878C<=425CF2n8G4i6jW

Q<2CF2:6D42VEC2DC26E=4B8:C2CF2HC<C98:8425C2C{=C<D8;<27C<:84<654U2MNOPQRSTK2:47E<8:6BI262F6T<D=8=E:8;<2sC<C98:86B862?26FiF6j2k44B58<654Bi6j2lCDA4<D6HFC2?2D4F8:8=6BI2F62C{=C<D8;<25C2F62:6E:8;<BCDAC:=8J6U2:E6<542:4BBCDA4<56W

Page 24: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'(%)$*$+(,&

-.�/0�/1/.23�45/�06�7.82925:9;.�</./=9:96>96�.3�?@�:5AB09A9/.23�6�:560459/>6�?/�068�3C09D6:93./8?/>916?68�?/�068�B>/8/.2/8�C68/8�:3.:5>860/8E�68F�:3A3�?/0�:3.1/.93�/8B/:F=9:3�45/�858:>9C6E�GH7I/826>J�=6:5026?3E�/.�:683�?/�:3.2>61/.:9;.�:3AB>3C6?6E�B6>6�858B/.?/>�3�B3./>�2@>A9.3�6.29:9B6?3

60�B>3K/:23�K�8309:926>E�6�?9:L6�7.82925:9;.E�06�?/1305:9;.�23260�3�B6>:960�?/�038�>/:5>838�2>6.8=/>9?38E�3C9/.�L6:/>�/=/:2916�06�:65:9;.�B>/8/.26?6E�89.�B/>M59:93�?/�>/8/>16>8/�/0�?/>/:L3�6�/M/>:/>�068�?/AJ86::93./8�0/D60/8�B/>29./.2/8N�-.�/0�:683�45/�:3>>/8B3.?6E�06�?/1305:9;.�8/�?/C/�>/609O6>�6�06�89D59/.2/:5/.26�C6.:6>96P�Q5/.26�Q3>>9/.2/�HRSTTUVWXYE�?/0�<6.:3�-826?3E�6�.3AC>/�?/�GD/.:96�H6:93.60�?/7.1/829D6:9;.�K�I/86>>3003�GH7IE�Z[\P�]TNSYVNTTTXSN

G?/AJ8E�B3?>J�>/8301/>�/0�2@>A9.3�6.29:9B6?3�60�B>3K/:23�6�8309:925?�?/�06�B>3B96�7.82925:9;.</./=9:96>96E�3�/.�:683�?/�?98305:9;.�?/�06�B/>83.6�M5>F?9:6N

$_""_',_'+"&a_*)&

'

b6>6�=3>A609O6>�/0�:9/>>/�?/0�B>3K/:23�8/�?/C/�L6C/>�>/.?9?3�Kc3�>/9.2/D>6?3�06�232609?6?�?/�038�=3.?382>6.8=/>9?38E�6B>3C6?3�/0�9.=3>A/�2@:.9:3�=9.60E�>/609O6?3�06�>/8B/:2916�198926�/.�2/>>/.3�K�6B>3C6?3�/0b>9A/>�7.=3>A/�?/�d/D59A9/.23E�B6>6�03�:560�8/�?9:26>J�/0�6:23�6?A9.982>62913�:3>>/8B3.?9/.2/N

e_f(g',_'#&,$h$*(*$&%_g'ij_'"_ij$_"_%'#&,$h$*(*$k%',_'*&%l_%$&

'

-.�/0�/1/.23�?/�B>3?5:9>8/�:6AC938�?/�3C09D6:93./8�/8B/:F=9:68�/.�/0�:3.1/.93�3�:6AC93�?/�3CM/29138?/0�B>3K/:23E�8/�>/45/>9>J�06�8309:925?�?/0�Z/B>/8/.26.2/�m/D60�?/�06�7.82925:9;.�</./=9:96>96�K�066B>3C6:9;.�2@:.9:6�K�=9.6.:9/>6�?/0�b>3D>6A6N�m38�:6AC938�>/45/>9>J.�06�=9>A6�?/�5.6�A3?9=9:6:9;.�?/:3.1/.93E�06�:5J0�8/>J�86.:93.6?6�A/?96.2/�6:23�6?A9.982>62913�?/�GH7IN

noppppqrstuv tqwxy'xyzx {|t vy}

-0�B>3K/:23�?/C/>J�>/D9>8/�B3>�/0�7.82>5:2913�~/./>60�?/�Z/.?9:9;.�?/�Q5/.268�?/�GH7I�K�85:3>>/8B3.?9/.2/�G./�3���HI-�[7bE�/0�45/�8/�/.29/.?/�=3>A6�B6>2/�9.2/D>6.2/�?/0�Q3.1/.93�858:>923/.2>/�GH7I�K�06�7.82925:9;.�</./=9:96>96N

\3?38�038�/459B38�45/�L6K6.�89?3�6?459>9?38�:3.�>/:5>838�?/0�B>/8/.2/�:3.:5>83�?/C/>J.�00/16>�5.6B06:6�45/�L6D6�A/.:9;.�60�b>3D>6A6���HI-�[7b���GH7IE�9.?9:6.?3�/0�:;?9D3�?/0�B>3K/:23N�\[email protected]/�6:/B26�45/�8/�9.8260/�06�B06:6�/.�/0�06C3>623>93�?3.?/�8/�/.:5/.2>6�/0�/459B3N�m6�9.82606:9;.�?/�06B06:6�/8�>/8B3.86C909?6?�?/�06�7.82925:9;.�</./=9:96>96N

\3?6�06�B>3?5:2919?6?�:9/.2F=9:6�683:96?6�6�068�9.1/829D6:93./8�>/609O6?68�45/�58/.�/0�/459B6A9/.23:9/.2F=9:3�K�2/:.30;D9:3�6?459>9?3�:3.�=3.?38�?/�/82/�:3.:5>83E�260�:3A3�B5C09:6:93./8E�6>2F:5038E09C>38E�:6BF25038E�B62/.2/8E�B3./.:968�5�32>38E�?/C/>J�A/.:93.6>�6�GH7I�K�60�b>3D>6A6���HI-�[7bE52909O6.?3�/0�89D59/.2/�=3>A623P

GH7I�����HI-�[7b�����m7���Q�I7~��I-m�bZ��-Q\��

m6�7.82925:9;.�</./=9:96>96�/82J�3C09D6?6�6�A/.:93.6>�/�B>/86A/.2/�6�GH7I�:3A3�=5/.2/�?/=9.6.:96A9/.23�?/0�B>3K/:23�/�9.:059>�038�03D38�3=9:960/8�?/0�b>3D>6A6�45/�/.2>/D6�/0�=9.6.:96A9/.23:3A3�?/�GH7I�/.�23?3�/1/.23�B�C09:3�?/�?9=589;.�3�/.�23?6�?9150D6:9;.�6�2>61@8�?/�A/?938�?/:3A5.9:6:9;.N

Page 25: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!!""""#$%&#'(')*$)#$+(',%,-./

01 23456578693:4 ;9457<135:4 ;9=>?3 635:>;93:> <94 >:87>494 @7: 8935:A;<1 :< 1>5B87<9 CD =: <1 0:E

FGHDIJJKL 87A;<6:3=9 893 <94 ;<1M94L N9>A14 E >:@7646594 @7: <1 >:N:>6=1 39>A1 :451O<:8:L ;1>1 <9871< =:O:>? 5:3:> ;>:4:35: @7: :< ;<1M9 ;1>1 635:>;93:> 73 >:87>49 =: >:;94686P3 :4 =: Q)RSTUVWXYZ[U =:4=: <1 3956N68186P3 =: 474 >:47<51=94I

094 >:87>494 =: >:;94686P3L :3 893N9>A6=1= 1< 1>5B87<9 \K =: <1 0:E FG HDIJJKL =:O:>?3 ;>:4:351>4:135: ]F2 E =:O:>?3 8935:3:>_

"""""""""2=:356N68186P3 =:<a=: <1b ;9457<135: a234565786P3 E c99>=631=9>a1b d:4;9341O<:bL 14B 89A9 <16=:356N68186P3 =:< A:=69 ;>:N:>:35: 9 =:< <7e1> @7: 4: 4:f1<:L ;1>1 <94 :N:8594 =: <143956N6818693:4I

"""""""""094 g:8g94L >1M93:4 E ;:568693:4 :3 @7h 8934645: <1 49<68657=I

"""""""""07e1> E N:8g1I

"""""""""01 N6>A1 =:<a=: <1b ;9457<135: a234565786P3 E c99>=631=9>a1b d:4;9341O<:b 9 18>:=65186P3 =: <1175:35686=1= =: 47 i9<7351= :j;>:41=1 ;9> 871<@76:> A:=69 g1O6<651=9I k3 i6>57= =: <9135:>69>L 39 4: 18:;51>?3 >:87>494 =: >:;94686P3 ;>:4:351=94 1 5>1ih4 =: 89>>:9 :<:85>P3689 1A:394 @7: 4: :387:35>: A:=6135: N6>A1 :<:85>P3681 1i13M1=1I

"""""""""k< P>e139 1=A63645>156i9 1< @7: 4: =6>6e:I

01 ;>:4:35186P3 =: >:87>494 =: >:;94686P3 :3 49;9>5: ;1;:< =:O:>? :N:8571>4: 1 5>1ih4 =: <1 lN68631=: m1>5:4 =: ]F2L 7O681=1 :3 n93:=1 FGH\oCL p13561e9 ag9>1>69 =: 15:386P3_ <73:4 1 i6:>3:4 :35>:KD_KK E Hq_KK g9>14bI

01 ;>:4:35186P3 =: >:87>494 =: >:;94686P3L A:=6135: N6>A1 :<:85>P3681 ]i13M1=1L =:O:>? :N:8571>4: 15>1ih4 =: g55;4_rr1E7=1I136=I8<I 094 >:@7646594 =: <1 N6>A1 :<:85>P3681 1i13M1=1L 4: :387:35>13:451O<:86=94 :3 <1 0:E FGHDIoDD 49O>: =987A:3594 :<:85>P36894L N6>A1 :<:85>P3681 E 4:>i68694 =:8:>56N68186P3 =: =68g1 N6>A1I

!s"""",.t$#+#$tu%,-.)*$)vu')wu'$'/

]F2 4: >:4:>i1 :< =:>:8g9 ;1>1 635:>;>:51> :< 4:356=9 E 1<8138: =: <14 ;>:4:35:4 O14:4L :3 8149 =:=7=14 9 893N<68594 @7: 4: 4748651>:3 49O>: <1 1;<68186P3 =: <14 A64A14I

!x""""%(.'&vtu'/

014 89347<514 ;9=>?3 4:> =6>6e6=14 1< y93=9 =: k@76;1A6:359 c6:35BN689 E z:839<Pe689 :3 <1 46e76:35:=6>:886P3 :<:85>P3681_ g55;4_rr1E7=1I136=I8<L =:4=: <1 1;:>57>1 =:< c9387>49 E g1451 HK =B14 135:4 =:<86:>>: =: h45:I

u.${().|!})~v('u#,(/

!"""""""*[�Y�Y�Y��[U)�[�[�TZ[U/

Page 26: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"!######$%&'()%*+'('%,-

./0123 435067893: 4/;8< =/>473>0< 60>01850< <3> 8<0<3181 8 58 ?/@A9710447B> 90 .0>C13< 0> 5890=7>747B> 90 235DC748< 470>CD=748< ; C04>35B6748< E/0 90@8> <01 82574898< 231 05 F13618G8 ; 0> 580H04/47B> 90 53< 104/1<3<I

J<C0 .3><0H3 2/090K

L#########F1323>01 85 F13618G8 58 410847B> 90 >/0M8< 5D>08< 90 =7>8>478G70>C3I

L#########N043G0>981 8<204C3< CO4>743< ; 0<C18CO6743< 0> 58< @8<0< 905 43>4/1<3I

L#########N043G0>981 53< 417C0173< ; 2134097G70>C3< 90 0M85/847B>: 10=31G/5847B>: </201M7<7B> 90213;04C3< ; 90 0M85/847B> 90 </< 10</5C893<I

L#########N0M7<81 53< 7>=31G0< 90 0M85/847B> 90 58< 2132/0<C8<I

L#########F1323>01 53< 213;04C3< E/0 <0 =7>8>4781P>: 53< G3>C3< ; 43>97473>0< 201C7>0>C0<I

L#########F1323>01: 4/8>93 43110<23>98: 58 57<C8 90 0<2018 905 10<204C7M3 43>4/1<3I

L#########Q<0<3181 85 F13618G8: C18CP>93<0 90 7>C01210C81 05 <0>C793 ; 8548>40 90 @8<0< 90 43>4/1<3<:0> 48<3 90 9/98< ; 43>=574C3< E/0 <0 </<47C0> <3@10 </ 0H04/47B> 3 82574847B>I

!"R######ST&(U*V(*WXY(,Z%'*(&*W[\]YT ](&Z%-_

./0123 435067893 43><C7C/793 231 0<2047857<C8< 43> 0201C7478 0> 58< 97<C7>C8< P108< 470>CD=748< ; 907G284C3 <3473A043>BG743I

?/ 281C7472847B> 43><7<C0 0> 823;81 53< 21340<3< 90 0M85/847B> ; <050447B> 90 58< 2132/0<C8< 0> 489843>4/1<3: ; 05 <06/7G70>C3 ; 43>C135 90 53< 213;04C3< 0> 0H04/47B>I

J>C10 </< =/>473>0< <0 0>4/0>C18>K

L#########F1323>01 0M85/89310<a8<b 0C01>3<a8<bI

L#########.58<7=7481 3 10458<7=7481 58< 2132/0<C8< 23<C/5898<: <06c> 05 61/23 90 0M85/847B> GP<201C7>0>C0 2818 4898 2132/0<C8I

L#########N0M7<81 3 281C747281 90 58 10M7<7B> 90 53< 7>=31G0< 90 d3613< 210<0>C893< 0> 58 210<0>C043>M348C3178 231 53< 213;04C3< 89H/974893< 8>C01731G0>C0I

L#########N0M7<81 ; 10<23>901 <35747C/90< CO4>748< 10857e898< 231 53< 213;04C3< 0> 0H04/47B>: ;8 <08 90=31G8 210<0>4785 3 10G3C8I

L#########Q<7<C71 8 0M0>C/850< M7<7C8< 8 C0110>3 90 53< 213;04C3< 0> 0H04/47B>: 10M7<81 ; 0>C10681 />10231C0 CO4>743 90 84/0193 8 53< 2134097G70>C3< 0<C8@504793< 231 05 F13618G8I

L#########Q23;81 58 97=/<7B> 90 58< 84C7M79890< 905 213618G8: 8 C18MO< 90 /> 135 84C7M3 ; 281C74728C7M3 0>53< 97M01<3< 43G213G7<3< 905 P108 90 </ 43G20C0>478: C850< 43G3 05 90<8113553 90 C855010< ;4f8158< 1058473>898< 43> 58< 43>M348C3178<I

L#########J>C10681 85 F13618G8 1043G0>98473>0< CO4>748< 10<204C3 90 G0H318< 2818 05 90<8113553 90 53<213;04C3< ;g3 90 58< @8<0< 905 43>4/1<3I

L#########N0M7<81 7>=31G0< =7>850< 90 213;04C3< 0> 0H04/47B>I

!"h######WiTU\TV%,jTk-_

J<2047857<C8 3 0201C3a8b 0> />3 3 GP< 48G23< 90 58 470>478: C04>3536D8 ;g3 7G284C3l<3473A043>BG743: E/0 210<C8 <01M7473< 0> 105847B> 8 58 0M85/847B> 90 58 23<C/5847B>: 2132/0<C8: 213;04C3:84C7M7989: 7>=31G0: 0>C10 3C13<: 90 84/0193 8 58< @8<0< 905 43>4/1<3 ; 58< 28/C8< E/0 Qmno 90=7>8I

!"p######S,%Y\('ZT-_

Page 27: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'!($%)*+&'%(%,("#+,(,+(-&.'*'#"*/&(0!.'#,+&'%(01%.%&'+(#&(01!2%"'!(+(1%+,*3+1()%(+"#%1)!(+,4!1$+'!(01!5*.'!(0!1(678 9:;-<=>8- ?(%&(%,($+1"!()%(,+("!&5!"+'!1*+(.%@+,+)+(%&(,+.(1%.0%"'*5+.A+.%.()%,("!&"#1.!B

(

CDEFFFFFFGHIJKLMINO

P%(%&'%&)%1Q(0!1(01!2%"'!(+(,+(01!0#%.'+?(R#%(1%.#,'%(+)S#)*"+)+?()%(#&+(-&.'*'#"*/&(T%&%4*"*+1*+(%&

%,($+1"!()%(,+("!&5!"+'!1*+(.%@+,+)+(%&(,+.(1%.0%"'*5+.(A+.%.()%,("!&"#1.!B

(

CDUFFFFFFVWXYZ[\YK]MI_YK]MaYLIJbKL]IcdeYLINO

9,(<1!2%"'!()%(9R#*0+$*%&'!(f*%&'g4*"!(2(h%"&!,/i*"!()%A%1Q("!&.*)%1+1(1%"#1.!.(0+1+(%,(9R#*0!<1*&"*0+,(2(.#j.k(>""%.!1*!j.k?(.*("!11%.0!&)%?("!&.*)%1+&)!(0+1+(%,,!(,+.(.*i#*%&'%.()%4*&*"*!&%.l

mFFVWXYZI GHY]LYZ[cN( *.0!.*'*5!(R#%("#$0,%?()%(4!1$+(+#'/&!$+(!(0!1(.g(.!,!?('!)+.(,+.4#&"*!&%.(0+1+(,!("#+,(4#%()*.%@+)!(!("1%+)!B(9,(%R#*0!()%A%(.%1("+0+3()%(+)R#*1*1?(i%&%1+1?+&+,*3+1()+'!.(!()%(01!"%.+1($#%.'1+.B

mFFGc[M[aIH\[N(%R#*0!.(R#%()%$#%.'1%&(#&+(%.'1%"n+(1%,+"*/&(%&'1%(%,,!.(2(R#%(A#.R#%&(1%.!,5%1#&(01!A,%$+(%&(%,("#+,?(0!1(%4%"'!.()%()*.'1*A#"*/&('%11*'!1*+,(#(!'1+?(.%(n+i+(*$01%."*&)*A,%(,+%o*.'%&"*+()%(,+($%&"*!&+)+B

mFFpLLKqIHYIrqsN(f#+,R#*%1($%"+&*.$!?(0+1'%(!()*.0!.*'*5!(+"!0,+A,%?(*&'%i1+A,%(!(%&.+$A,+A,%?2+(.%+(%&(4!1$+(4g.*"+(!(1%$!'+?(+,(9R#*0!(<1*&"*0+,?(R#%('*%&%(,+("+0+"*)+)()%(+$0,*+1(!$%S!1+1(.#(4#&"*!&+$*%&'!B(9,(+""%.!1*!(&!()%A%(.%1(#&(%R#*0!(+#'/&!$!B

(

CDtFFFFFFVWXYZ[\YK]MI_YK]MaYLIJbKL]IcdeYLIuKvY[]INO

<+1+(%4%"'!.()%,(01%.%&'%("!&"#1.!?(.%(%&'%&)%1Q(0!1(9R#*0+$*%&'!(f*%&'g4*"!(2(h%"&!,/i*"!(w%)*+&!?+,(9R#*0!(<1*&"*0+,(2(.#j.k(>""%.!1*!j.k?(.*("!11%.0!&)%?("#2!("!.'!(.%+(*i#+,(!(.#0%1*!1(+xyzBzzzBzzz(j"*&"#%&'+($*,,!&%.()%(0%.!.kB

(

CD{FFFFFFpZIHMKqZKLX]Y[HYIqNO

P!&(,!.(1%"#1.!.(%&()*&%1!?(%o01%.+)!.(%&(0%.!.("n*,%&!.?(R#%(+0!1'+(,+(-&.'*'#"*/&(T%&%4*"*+1*+B

(

CD|FFFFFFpZIHMKq]IZKLX]Y[HYIqNO

P!&(,!.(1%"#1.!.(5+,!1*3+)!.?(%&(0%.!.("n*,%&!.?(R#%(+0!1'+(,+(-&.'*'#"*/&(T%&%4*"*+1*+B(f!$!(0!1%S%$0,!?(%,(#.!()%(%.0%"*%.(5+,!1+)+.("!$!(%R#*0!.?(%.0+"*!(4g.*"!(#(!'1!.?()%(+"#%1)!(+(,+(&+'#1+,%3+)%,(01!2%"'!?(+0!1'%.()%(0%1.!&+,(#(!'1!.B

(

CDC}FFF~KeYd]vKc[�]qMYMXLYd]�K]KaYLY[HY[NO

9.(,+(1%i*/&()!&)%(.%(#A*"+(%,()!$*"*,*!(,%i+,()%(,+(-&.'*'#"*/&(T%&%4*"*+1*+B

(

CDCCFFF~KeYd]vKK�KLXLYd]vKcZHIJKLMINO

9.(%,(,#i+1(i%!i1Q4*"!()!&)%(.%(,,%5+(+("+A!(,+($+2!1g+()%(,+.(+"'*5*)+)%.()%,(01!2%"'!?(%&(%.'%("+.!?)!&)%(.%(#A*"+(%,(%R#*0!B(9&("+.!()%(R#%(%o*.'+($Q.()%(#&+(1%i*/&("!&(%S%"#"*/&(%&(01!0!1"*!&%..*$*,+1%.?(.%("!&.*)%1+1Q("!$!(w#,'*1%i*!&+,B(9&("+.!()%(&!(%o*.'*1(#&(,#i+1(%.0%"g4*"!()!&)%(.%%S%"#'+(%,(01!2%"'!?(.%("!&.*)%1+(,+(1%i*/&()%(,+(-&.'*'#"*/&(T%&%4*"*+1*+B

(

�FFFFFFFp�V�����N_�V_�����b��_�uV�b���p�u��������p�O

(

Page 28: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'#()(*+,&%(#-)()*./&*0)*12+*/*3"'-#-4,#5"*,46.0%*,/"*&%74#'#-/'*.)&)*./'-40)&8*

1%"-&/*/*3"'-#-4,#5"*9(#'-#"-)*)*4"#$%&'#()(:*)(;4"-)*(/,46%"-/'*74%*),&%(#-)"*0/'&%74#'#-/'*(%*./'-40),#5"8

*

1//&(#")(/&9):*<%'./"')=0%*'%*(%'%6.%>)*%"*0)*3"'-#-4,#5"*?%"%@#,#)&#)*

A-%6*%74#.)6#%"-/*#B4)0*/*'4.%&#/&*)*CDE8EEE8EEE*9,#",4%"-)*6#00/"%'*(%*.%'/':*

F/"-/*'/0#,#-)(/*)*+23G*%'*6%"/&*/*#B4)0*)*CHEE8EEE8EEE*9,4)-&/,#%"-/'*6#00/"%'(%*.%'/':

*

I"*%0*J&%'4.4%'-/*'/0#,#-)(/*)*+23G*%"*%0*A-%6*?8K*L&)'0)(/'*%*3"'-)0),#5"*%'*6%"/&/*#B4)0*)0*DEM*(%0*N-%6*+8K*I74#.)6#%"-/8

*

O4=KN-%6*?*H8*F)"-%",#5"P*Q)&)"-N)'*R*O%B4&/'*,/"*@#")",#)6#%"-/8*

1/@#")",#)6#%"-/*(%*0)*3"'-#-4,#5"*?%"%@#,#)&#)*%'*#B4)0*/*'4.%&#/&*)0*DEM*(%0*A-%6I74#.)6#%"-/8*

*

+./&-%*J%,4"#)&#/*6)R/&*/*#B4)0*)0*SEM*(%0*6/"-/*(%0*N-%6*I74#.)6#%"-/8*

T4'-#@#,),#5"*1#%"-N@#,)KLU,"#,)*(%*0)*.&/.4%'-)*9'%BV"*@/&6)-/*R*%W-%"'#5"6XW#6):

*

+./&-%*%'-&)-UB#,/*(%*0)*3"'-#-4,#5"*9'%BV"*@/&6)-/*R*%W-%"'#5"*6XW#6):*

<%'40-)(/'*%'.%&)(/'*(%*0)*.&/.4%'-)*9'%BV"*@/&6)-/*R*%W-%"'#5"*6XW#6):*

J&%'4.4%'-/*9'%BV"*@/&6)-/:*

SY*1/-#Z),#5"*(%*I74#./*R[/*),,%'/&#/*\]_ abacdefegdbchijaklmelejibdefeb]ifnfajifief oe]ihapi]ehiejdqg]iefeij ]fdeiherlbc]jcasdefe]lfajaklt

*

uY*1/-#Z),#5"*(%*I74#./*R[/*),,%'/&#/*/*T4'-#@#,),#5"*./&*6%"/&*"V6%&/*(%,/-#Z),#/"%'*\]_ abacdefegdbchijaklmelejibdefeb]eifnfajifief oe]ihapi]ehijdqg]iefeij ]fdeiherlbc]jcasdefe]lfajaklt

*

1)&-)*1/6.&/6#'/*3"'-#-4,#/")0P*@#&6)()*./&*%090):*<%.&%'%"-)"-%*v%B)0*(%*0)3"'-#-4,#5"*?%"%@#,#)&#)*9)'.%,-/'*%'.%,#@#,)(/'*%"*.4"-/*u8w*x*y/&640),#5"*(%*0).&/.4%'-):

*

y/&640)&#/*(%*3"(#,)(/&%'*9'%BV"*@/&6)-/:*

3"@/&6%*3"'-#-4,#/")0*(%*0/B&/'*.&/R%,-/'*)(;4(#,)(/'*,/",4&'/'*)"-%&#/&%'*

z

{|}~���}���|��|�}�

~

u8K*+.&4U=%'%*%0*,/"$%"#/*-#./*(%0*3�*1�21!<O�*GI*I�!3J+F3I2L�*13I2LAy31�*�LI12�v�Q31�*FIG3+2�*y�2GI�!3J*x*uEuEP*+23G8P*,4R/*-%W-/*%'*%0*'#B4#%"-%�

*

3"#,#/*(%*-&)"',&#.,#5"

*

���}��}|�~��~����|�|�~�}|�~����~��~{|}�}�|��|�}��~��~���������~�����|���|�}��~�|�}��{|��~�~���}����|��~���|�}�~{�}����|�

~

I"*O)"-#)B/*(%*1�#0%P*)*�y%,�)�P*,/6.)&%,%*./&*4")*.)&-%*0)*+B%",#)*2),#/")0*(%*3"$%'-#B),#5"*RG%')&&/00/P*%"*)(%0)"-%*+23GP*<!L*�E8�SD8EEEK�P*&%.&%'%"-)()*0%B)06%"-%*./&*'4*�1)&B/�+23G�P�L&)-)6#%"-/�*�y#&6)�+23G�P*)6=/'*(/6#,#0#)(/'*%"*F/"%()*2 S¡wDP*,/64")*(%*O)"-#)B/P*<%B#5"F%-&/./0#-)")*R*./&*0)*/-&)P*¢�£¤¥¦§¤©ª©~«~�¦£¬§«­P*%"*)(%0)"-%*0)*®32OL3L!13�2*?I2Iy313+<3+zP

Page 29: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$ %&'%()*+,-)./.#0#1+(&,023#,+4,+-+(&/./#5+6/57+(&+#40,#$",/&/7' 82#$ +4,+-+(&/(&+'8+6/523$1/,6023#/790-#.07):)5)/.0-#+(#$;),+::)0(23#:)%./.#.+#$1)%./.23#$ +6)<(23#=%)+(+-#>/(#:0(*+().050#-)6%)+(&+?

@

ABCDEBFG@HIBDCJKL@ME@BENEBEJOCF

PQRRRRASTUVWXYZG#;0:%7+(&0#7+.)/(&+#+5#:%/5#5/#[(-&)&%:)<(#40-&%5/(&+#4,+-+(&/#%(#4,0\+:&0#/#,+/5)]/,

:0(0,7+#/5#0,7/&0#4,0*)-&0#40,#_ a;bc![d#e#fa[;3#+(#+5#7/,:0#.+#5/#:0(*0:/&0,)/#-+g/5/./#+(5/-#,+-4+:&)*/-#9/-+-#.+5#:0(:%,-0h@

iQRRRRASTjWkYTG@d,04%+-&/#=%+#,+-%5&+#/.l%.):/./#.+#%(/#[(-&)&%:)<(#m+(+):)/,)/#+(#+5#7/,:0#.+#5/:0(*0:/&0,)/#-+g/5/./#+(#5/-#,+-4+:&)*/-#9/-+-#.+5#:0(:%,-0h

nQRRRREoVpUZqpWrYT@OpWrYstpkT@j@HWkrTuvwpkTG@b5#4,0\+:&0#.+#b=%)4/7)+(&0#1)+(&x):0#\#"+:(05<6):0.+9+#:0(-).+,/,#,+:%,-0-#4/,/#+5#b=%)40#d,)(:)4/5#0#d5/&/0,7/#\#-%y-z#f::+-0,)0y-z3#-):0,,+-40(.+3#:0(-).+,/(.0#4/,/#+550#5/-#-)6%)+(&+-#.+)():)0(+-?

EoVpUT@ASprkpUZuG#;)-40-)&)*0#=%+#:%745+3#.+#0,7/#/%&<(07/#0#40,#-x#-0503#&0./-#5/-#%(:)0(+-#4/,/50#:%/5#%+#.)-+g/.0#0#:,+/.0h#b5#+=%)40#.+9+#-+,#:/4/]#.+#/.=%),),3#6+(+,/,3#/(/5)]/,#./&0-#0#.+4,0:+-/,#7%+-&,/-h

AuZYZtTSqZ?#+=%)40-#=%+#.+7%+-&,+(#%(/#+-&,+:>/#,+5/:)<(#+(&,+#+550-#\#=%+#9%-=%+(#,+-05*+,#%(4,095+7/#+(#+5#:%/53#40,#++:&0-#.+#.)-&,)9%:)<(#&+,,)&0,)/53#)(&+,{-#4|95):03#4,0.%:&)*03#-0:)/5#%#0&,/3-+#>/6/#)74,+-:)(.)95+#5/#+})-&+(:)/#.+#5/#7+(:)0(/./h

FkkWXTSpT~X�G#1%/5=%)+,#7+:/()-703#4/,&+3#0#.)-40-)&)*0#/:045/95+3#)(&+6,/95+#0#+(-/795/95+3#\/#-+/+(#0,7/#x-):/#0#,+70&/3#/5#b=%)40#d,)(:)4/5#0#d5/&/0,7/3#=%+#&)+(+#5/#:/4/:)./.#.+#/745)/,#07+l0,/,#-%#%(:)0(/7)+(&0h#b5#/::+-0,)0#(0#.+9+#-+,#%(#+=%)40#/%&<(070h

�QRRRREoVpUZqpWrYT@OpWrYstpkT@j@HWkrTuvwpkT@DW�pZrTG#d/,/#++:&0-#.+5#4,+-+(&+#:0(:%,-03#-++(&)+(.+#40,#b=%)4/7)+(&0#1)+(&x):0#\#"+:(05<6):0#�+.)/(03#/5#b=%)40#d,)(:)4/5#0#d5/&/0,7/#\-%y-z#f::+-0,)0y-z3#-)#:0,,+-40(.+3#:%\0#:0-&0#-+/#)6%/5#0#-%4+,)0,#/#���Q���Q���#y:)(:%+(&/7)550(+-#.+#4+-0-zh

�QRRRRCrXYpYVkpvr@�WrWtpkpZSpZG#f=%+55/#=%+#-+#/.l%.)=%+#+5#4,0\+:&0#.+#b=%)4/7)+(&0#1)+(&x):03,+:+4&0,/#.+#50-#,+:%,-0-#/.l%.):/.0-#\#,+-40(-/95+#.+#),7/,#+5#4,+-+(&+#:0(*+()0#.+#+l+:%:)<(hd0,#50#&/(&03#+-#5/#,+-40(-/95+3#/(&+#_ a;bc![defa[;3#.+#:%745),#:0(#&0.0-#50-#.+,+:>0-#\095)6/:)0(+-#=%+#-+#+-&/95+]:/(#+(#{-&+#\#+(#50#+}45):)&/.0#+(#5/#:/,&/#.+#:074,07)-0#/.l%(&/3/.+7�-3#.+#/40,&/,#50-#,+:%,-0-#4+:%()/,)0-#\#(0#4+:%()/,)0-#:074,07+&).0-3#-+6|(#5/-#,+65/-#.+:0)(/(:)/7)+(&0h

�-&/#-+,�#5/#4,04)+&/,)/#.+5#+=%)4/7)+(&0#/.=%),).0#\#+-&�#-%l+&/#/#5/#095)6/:)<(#.+#.+-&)(/,#+5+=%)4/7)+(&0#/#50-# )(+-3#09l+&)*0-#\#:074,07)-0-#=%+#-+#&%*)+,0(#+(#:%+(&/#.%,/(&+#-%/.l%.):/:)<(3#+-&0#+-3#[(*+-&)6/:)<(#1)+(&x):/#\e0#;+-/,,0550#"+:(05<6):0h

�QRRRROTTS�prZ�TS~Z�@BWXUTrXZ�uWG#b(:/,6/.0y/z#.+#6+-&)0(/,#5/#/.=%)-):)<(3#)(-&/5/:)<(3#4%+-&/#+(7/,:>/#\#04+,/:)<(#.+5#+=%)40#/.=%),).0h#�%4+,*)-/,#\#:0(&,05/,#+5#.+-/,,0550#.+#5/#)():)/&)*/#+(&{,7)(0-#:)+(&x):0-3#&{:():0-#\# )(/(:)+,0-3#*+5/,#40,#5/#09&+(:)<(#.+#50-#,+-%5&/.0-:074,07+&).0-#\#40,#+5#%-0#+):)+(&+#.+5#+=%)403#./(.0#/::+-0#/#5/#.+7/(./#.+#50-y/-z#.)+,+(&+-)(*+-&)6/.0,+-y/-z3#&/(&0#.+#5/#)(-&)&%:)<(#9+(+):)/,)/#:070#.+#)(-&)&%:)0(+-#+}&+,(/-h#b-:0(&,/4/,&+#/(&+#fa[;#4/,/#++:&0-#.+5#.+-/,,0550#\#-+6%)7)+(&0#\#:0(&,05#.+5#4,0\+:&0#.++=%)4/7)+(&0#_ a;bc![d3#-)+(.0#,+-40(-/95+#.+#5/#+(&,+6/#.+#)(0,7+-#\#,+(.):)0(+-)(/(:)+,/-3#.)-40()9)5)./.#\#+(&,+6/#.+#)(0,7/:)<(3#:00,.)(/:)<(#.+#*)-)&/#/#&+,,+(0#\:%745)7)+(&0#.+#>)&0-#.+5#4,0\+:&0h

�QRRRROTrXW�T@FXWXTSG@1%+,40#:05+6)/.03#:%\/-#%(:)0(+-#6+(+,/5+-#-0(#/-+-0,/,#/#5/#�%9�.),+::)<(#.+1+(&,0-#+(#5/#.+)():)<(#.+#405x&):/-#:)+(&x):/-#\#&+:(05<6):/-#=%+#.+9/(#-+,#/45):/./-#40,#+5d,06,/7/#\#+(#5/#+l+:%:)<(#.+#50-#,+:%,-0-h

b-&+#10(-+l0#4%+.+?

�RRRRRRRRRd,040(+,#/5#d,06,/7/#5/#:,+/:)<(#.+#(%+*/-#5x(+/-#.+#)(/(:)/7)+(&0h

�RRRRRRRRR +:07+(./,#/-4+:&0-#&{:():0-#\#+-&,/&{6):0-#+(#5/-#9/-+-#.+5#:0(:%,-0h

�RRRRRRRRR +:07+(./,#50-#:,)&+,)0-#\#4,0:+.)7)+(&0-#.+#+*/5%/:)<(3#,+0,7%5/:)<(3#-%4+,*)-)<(#.+4,0\+:&0-#\#.+#+*/5%/:)<(#.+#-%-#,+-%5&/.0-h

Page 30: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

���������� !"#$%&'()$'#*+)&,!$'-!'!"%(.%/#0*'-!'(%$'1&)1.!$2%$3

����������4&)1)*!&'()$'1&)5!/2)$'6.!'$!'+#*%*/#%&7*8'()$',)*2)$'5'/)*-#/#)*!$'1!&2#*!*2!$3

����������4&)1)*!&8'/.%*-)'/)&&!$1)*-%8'(%'(#$2%'-!'!$1!&%'-!('&!$1!/2#")'/)*/.&$)3

����������9$!$)&%&'%('4&):&%,%8'2&%27*-)$!'-!'#*2!&1&!2%&'!('$!*2#-)'5'%(/%*/!'-!';%$!$'-!/)*/.&$)$8'!*'/%$)'-!'-.-%$'5'/)*+(#/2)$'6.!'$!'$.$/#2!*'$);&!'$.'!<!/./#0*')'%1(#/%/#0*3

=>����?@ABCDEBDFGHBIJKLDBADFMNOH@POBAJKQDR.!&1)'/)(!:#%-)'/)*$2#2.#-)'1)&'!$1!/#%(#$2%$'/)*!S1!&2#/#%'!*'(%$'-#$2#*2%$'7&!%$'/#!*2T+#/%$'5'-!'#,1%/2)'$)/#)U!/)*0,#/)3

V.'1%&2#/#1%/#0*'/)*$#$2!'!*'%1)5%&'()$'1&)/!$)$'-!'!"%(.%/#0*'5'$!(!//#0*'-!'(%$'1&)1.!$2%$'!*'/%-%/)*/.&$)8'5'!('$!:.#,#!*2)'5'/)*2&)('-!'()$'1&)5!/2)$'!*'!<!/./#0*3

W*2&!'$.$'+.*/#)*!$'$!'!*/.!*2&%*X

����������4&)1)*!&'!"%(.%-)&!$Y%$Z'!S2!&*)$Y%$Z3

����������R(%$#+#/%&')'&!/(%$#+#/%&'(%$'1&)1.!$2%$'1)$2.(%-%$8'$!:[*'!(':&.1)'-!'!"%(.%/#0*',7$1!&2#*!*2!'1%&%'/%-%'1&)1.!$2%3

���������� !"#$%&')'1%&2#/#1%&'-!'(%'&!"#$#0*'-!'()$'#*+)&,!$'-!'\):&)$'1&!$!*2%-)$'!*'(%'1&!$!*2!/)*")/%2)&#%'1)&'()$'1&)5!/2)$'%-<.-#/%-)$'%*2!&#)&,!*2!3

���������� !"#$%&'5'&!$1)*-!&'$)(#/#2.-!$'2]/*#/%$'&!%(#%-%$'1)&'()$'1&)5!/2)$'!*'!<!/./#0*8'5%'$!%-!'+)&,%'1&!$!*/#%(')'&!,)2%3

����������9$#$2#&'%'!"!*2.%(!$'"#$#2%$'%'2!&&!*)'-!'()$'1&)5!/2)$'!*'!<!/./#0*8'&!"#$%&'5'!*2&!:%&'.*&!1)&2!'2]/*#/)'-!'%/.!&-)'%'()$'1&)/!-#,#!*2)$'!$2%;(!/#-)$'1)&'!('4&):&%,%3

����������91)5%&'(%'-#+.$#0*'-!'(%$'%/2#"#-%-!$'-!('1&):&%,%8'%'2&%"]$'-!'.*'&)('%/2#")'51%&2#/#1%2#")'!*'()$'-#"!&$)$'/),1&),#$)$'-!('7&!%'-!'$.'/),1!2!*/#%8'2%(!$'/),)'!(-!$%&&)(()'-!'2%((!&!$'5'/_%&(%$'&!(%/#)*%-%$'/)*'(%$'/)*")/%2)&#%$3

����������W*2&!:%&'%('4&):&%,%'&!/),!*-%/#)*!$'2]/*#/%$'&!$1!/2)'-!',!<)&%$'1%&%'!('-!$%&&)(()'-!()$'1&)5!/2)$'5)'-!'(%$';%$!$'-!('/)*/.&$)3

���������� !"#$%&'#*+)&,!$'+#*%(!$'-!'1&)5!/2)$'!*'!<!/./#0*3

a>����bHKIJBLDHBcNAO@IOKLQ' !/.&$)$'!*'-#*!&)8'!S1&!$%-)$'!*'1!$)$'/_#(!*)$8'6.!'%1)&2%'(%d*$2#2./#0*'e!*!+#/#%&#%'-#&!/2%,!*2!'%('4&)5!/2)3

fg>�bHKIJBLDAKDHBcNAO@IOKLQ'V)*'()$'&!/.&$)$'"%()&#%-)$8'!S1&!$%-)$'!*'1!$)$'/_#(!*)$8'6.!%1)&2%'(%'d*$2#2./#0*'e!*!+#/#%&#%3'h)&,%(,!*2!8'$!'/)*$#-!&%'/),)'%1)&2!$'*)'1!/.*#%&#)$'!('.$)-!'!$1!/#!$'"%()&#%-%$'Y.$)'-!'!6.#1)$8'!$1%/#)'+T$#/)'.')2&)$8'-!'%/.!&-)'%'(%'*%2.&%(!%'-!(1&)5!/2)Z8'%1)&2!$'-!'1!&$)*%('.')2&)$3

D

iFjklmbQDbmnkmopbpoqlDmFrD?stuFpvt>

9hdw'-!/(%&%'6.!8'!*'!(',%&/)'-!('dx'R)*/.&$)'-!'W6.#1%,#!*2)'R#!*2T+#/)'y!-#%*)'z{hwW|}d4~�~�8'/)*")/%-)'1)&' !$)(./#0*'WS!*2%'h�xxx8'-!'+!/_%'��'-!'�yWV�'-!'~�~�8'-!'9hdw8'_%'$#-)%-<.-#/%-)8'1)&' !$)(./#0*'WS!*2%'h�xxx'-!'+!/_%'��'-!'�yWV�'-!'~�~�'-!'9hdw8'!('1&)5!/2)-!*),#*%-)'�h),;&!�-!�1&)5!/2)�8'/0-#:)'�R)-#:)�1&)5!/2)�8'!*'%-!(%*2!'�W\'4 {�WR�{�81&!$!*2%-)'1)&'(%'�}*#"!&$#-%-')'R!*2&)�8'1)&'.*',)*2)'2)2%('-!'�y)*2)��)2%(��!*!&%(�3UY�y)*2)��)2%(�4%(%;&%$�Z3'W$2%'/#+&%'#*")(./&%'()$'%1)&2!$'-!'9hdw'5'-!'(%'dhV�d�}Rd�heWhWzdRd9 d93

'

\%'dhV�d�}Rd�h'eWhWzdRd9 d9'-!/(%&%'6.!'%$.,!'(%$');(#:%/#)*!$'/)*2&%/2.%(!$'6.!'!$2%;(!/!'!(1&!$!*2!'/)*"!*#)8'_%$2%'!('/%;%('/.,1(#,#!*2)'-!'()$');<!2#")$'#*+)&,%-)$'5'%1&);%/#0*'-!('#*+)&,!+#*%('5'&!*-#/#0*'-!'/.!*2%$8'-!'%/.!&-)'%'()'-#$1.!$2)'!*'!('�d*$2&./2#")'�!*!&%('-!' !*-#/#0*'-!R.!*2%$'-!'9hdw'5'$.'/)&&!$1)*-#!*2!'9*!S)'z{hwW|}d4�3D

D

vFspFsbQDb?tsvFiDmFDblom>

Page 31: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'()*"'#+,-./0,/1+,2+-/.3450.6+2,+789,+0.0,2+4:8;<,24=04+,+>*-./04?*"'#??@4=4/,2ABCD>*-./04?*"'#?(,2,E/,7AFB

+

$704+9.=0.+74/1+0/,=7G4/;H.+,+2,+'"IJ'J&K'L"+M$"$ 'K'*N'*6+4=+8=,+7.2,+58.0,6+74OP=+H;7-.=;E;2;H,H-/478-8470,/;,+H42+I4/<;5;.6+8=,+<4Q+/4,2;Q,H,+2,+0.0,2+0/,9;0,5;R=+H42+-/474=04+5.=<4=;.6+-/474=0,H,2,+5,85;R=+5.//47-.=H;4=046+7;+,7S+-/.54H46+=.+04=O,+5.9-/.9;7.7+0T5=;5.7+-4=H;4=047+5.=

!"#$%&'(6+4=+42+5,7.+H4+2,+'=70;085;R=+M4=4G;5;,/;,+(8E2;5,6+=.+04=O,+/4=H;5;.=47+H4+584=0,7-4=H;4=047+5.=+*"'#6+74OP=+G45U,+H4+4V;O;E;2;H,H+36+4=+5,7.+H4+2,7+'=70;085;R=+M4=4G;5;,/;,+(/;<,H,6+=.04=O,+/4=H;5;.=47+H4+584=0,7+-4=H;4=047+5.=+*"'#+7;=+O,/,=0;Q,/B

+

W,+'=70;085;R=+M4=4G;5;,/;,+H4E4/1+470,/+;=75/;0,+4=+42+N4O;70/.+K4=0/,2+H4+K.2,E./,H./47+H42+$70,H.+3X8=;5;-,2;H,H47B+N4:8;7;0.+474=5;,2+-,/,+:84+*"'#+-84H,+/4,2;Q,/+0/,=7G4/4=5;,7+H4+/458/7.76+74OP=+2.470,E245;H.+4=+2,+W43+"Y+Z[B\] B

+

$2+9.=0.+,H_8H;5,H.+H4E4+74/+H470;=,H.6+4V5287;<,94=046+,+2,+5.9-/,+H42+4:8;-,9;4=0.+3+2.7+5.70.7,7.5;,H.7+,+T70,6+H4+,584/H.+,+2.7+S0497+G;=,=5;,E247B

+

W.7+S0497+-.7;E247+H4+G;=,=5;,/+,+0/,<T7+H42+,-./04+H4+ !"#$%&'()*"'#6+3+7;49-/4+H4+,584/H.+,+2.7.2;5;0,H.+4=+2,+-.7082,5;R=+D*"$ !+"YZF6+-.H/1=+74/+2.7+7;O8;4=047a

bcdefghijkhlmnop

bcqcdefghiododrsjnjtoukjdvdbwwlxouhoxp+K.9-/4=H4+2.7+5.70.7+H4+,H:8;7;5;R=+H42+$:8;-.+(/;=5;-,2.+(2,0,G./9,+H4+4:8;-.7+3+78D7F+*5547./;.D7F6+7;+5.//47-.=H4B

ycdzujxsj{oxdld|mxnjsjwh}mp

ycqcdzujxsj{oxdvdxl~guoxd{ldnujxsj{o�d�lxj{gjmj�ld�|�bpd'=52834+2.7+5.70.7+H4+0/,72,H.+H424:8;-.+H47H4+42+28O,/+H4+G,E/;5,5;R=+U,70,+42+28O,/+H.=H4+74/1+;=70,2,H.+DH47,H8,=,_46+G24047+374O8/.7+H4+0/,72,H.FB+$7+-.7;E24+5.=7;H4/,/+P=;5,94=04+42+|�bd{lsdlfghijkhlmnodvdjwwlxouho�x�B

yc�cdb{lwgjwh}md{ldhmtujlxnugwngujdv�od�j�hshnjwh}md{ldlxijwhoxp+*5.=H;5;.=,9;4=0.+H447-,5;.7+GS7;5.7+l�hxnlmnlx+3+2,7+,H458,5;.=47+=4547,/;,7+-,/,+589-2;/+2.7+/4:84/;9;4=0.7+0T5=;5.7;=G./9,H.7+-./+42+ ,E/;5,=04+-,/,+2,+;=70,2,5;R=+3+.-4/,5;R=+H42+4:8;-,9;4=0.+D,;72,5;.=476470/8508/,7+,=0;7S79;5,76+;=70,2,5;.=47+42T50/;5,76+5.=4V;.=47+,+/4H476+405BFB+�odxldwomxh{luju�+42,2U,_,9;4=0.+H4+.G;5;=,6+=;+2,+5.9-/,+H4+984E247+:84+=.+04=O,=+H;/450,+/42,5;R=+5.=+42G8=5;.=,9;4=0.+8+.-4/,5;R=+H42+4:8;-,9;4=0.+,H_8H;5,H.B

yc�cd|mxnjsjwh}mdvdrglxnjdlmd�juw�jpd'=52834+2.7+5.70.7+H4+;=70,2,5;R=+H42+4:8;-,9;4=0.6+5.70.7,7.5;,H.7+,+2,+-8E2;5,5;R=+H42+,<;7.+H4+2;5;0,5;R=6+O,70.7+;=58//;H.7+4=+42+-/.547.+H4+5.9-/,6+0,2475.9.a+0/,=7G4/4=5;,+E,=5,/;,6+5,/0,7+H4+5/TH;0.6+405B6+;=789.7+=4547,/;.7+-,/,+2,+-8470,+4=+9,/5U,H42+4:8;-.6+5.70.7+H4+5,2;E/,5;R=+3+2.7+;=789.7+=4547,/;.7+-,/,+422.6+4=+2.7+5,7.7+:84+,7S+74+/4:8;4/,6+3+42+5.70.+H4+-2,5,+H4+940,26+,5/S2;5.+.+7;9;2,/+-,/,+42+4:8;-.+.+2,E./,0./;.6+74�,2,=H.+:84+T704+08<.G;=,=5;,9;4=0.+H4+ !"#$%&'(+4+;=H;5,=H.+42+5RH;O.+H42+(/.3450.B

yc�cd�jmnlmwh}m�d�jujmn�jxdvd�l~guoxp

C������K.70.+G;=,=5;4/.+H42+-2,=+.+5.=0/,0.+H4+9,=04=;9;4=0.+H42+4:8;-.+,H:8;/;H.6+-./+8=+-4/S.H.9S=;9.+H4+H.7+,�.7+,+5.=0,/+H4+2,+G45U,+H4+5.9-/,+H42+4:8;-,9;4=0.B

C������K.70.+G;=,=5;4/.+H4+2,+-R2;Q,+H4+74O8/.+/47-450.+H42+4:8;-,9;4=0.+,H:8;/;H.6+2,+:84+H4E4+04=4/8=,+<;O4=5;,+9S=;9,+H46+,2+94=.76+H.7+,�.7+-.704/;./+,2+0T/9;=.+H4+2,+(/;94/,+$0,-,+H44_4585;R=+H42+-/.3450.6+74OP=+5.=<4=;.B

C������(84H4=+;=528;/74+O,70.7+-./+O,/,=0S,+4V04=H;H,+-,/,+2.7+4:8;-.7B

C������K.70.+G;=,=5;4/.+H4+2,+5,85;R=+:84+O,/,=0;54+2,+0.0,2;H,H+H4+2.7+/458/7.7+0/,=7G4/;H.7+-./+*"'#-,/,+2,+4_4585;R=+H42+-/.3450.6+5.=7;704=04+4=+8=,+E.240,+H4+O,/,=0S,+E,=5,/;,+-,O,H4/,+,+2,<;70,6+<,24+<;70,+4=H.7,E24+.+4=+78+H4G450.+8=,+-R2;Q,+H4+O,/,=0S,+H4+4_4585;R=+;=94H;,0,+4=42+5,7.+H4+'=70;085;.=47+(/;<,H,7B

Page 32: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#!$%"&'$'"&()!&)#*+*(,-)!,!./01�2345670418!"#!9) ()!-"#!:("9!;<=>?@AB@CDA=EFGA>@B@HFIG! )!$)-%J!&"%!&'$"%*)%!,#!KLM!-"#!:("9!@<=ENOFP@QFEG>DR

=

>STSU=VSU=WXYZWUSU=[\SW][TSU=\SW=@GFC=[V=\WS XY]S=TX_X =UXW=XaXYZ][TSU=TX ]WS=TX=V[PWbcXW[=E][\[=TX=XaXYZYbd =TXV=PWS XY]Se=&"fg !+) h" *)8!&,#h)!#)&!+)&()&!,&)+*,-)&!,!#,!"9*&*i -"!#,!f,%, (:,8!#,!+',#!$)-%J!&"%!f"&(*) ,-,!+) !, ("%*)%*-,-!,!#,!j"+k,!-"!(%,9*(,+*i !-"#!$%"&" ("

l* *+*)!-"#!$%)m"+()nR

!

o)&!j) -)&!(%, &j"%*-)&!&"!%"f*%J !$)%!#,!p"&)#'+*i !0qrL6sLtK!-"!u) (%,#)%:,!v" "%,#!-"!#,!p"$gw#*+,)!#,!x'"!#,!%""9$#,+"8!" !#)!x'"!+)%%"&$) -,!,!&'!%" -*+*i !-"!+'" (,&R

!

y)-)&!#)&!f,&()&!-"w" !&"%!%",#*z,-)&!-"!,+'"%-)!,!#)&!:("9&!-"&+%*()&!" !#,&!w,&"&!+) +'%&,#"&!m!,#)&!$%)+"-*9*" ()&!"&(,w#"+*-)&!" !"#!{4 &(%'+(*h)!v" "%,#!-"!p" -*+*i !-"!u'" (,&!-"!7041!m!&'+)%%"&$) -*" ("!7 "|)!./01�2345}8!x'"!&"!+) &*-"%,!$,%("!* ("f%, ("!-"#!$%"&" ("!+) h" *)R

!

70418!,!(%,h~&!-"#!1"$,%(,9" ()!-"!7-9* *&(%,+*i !m!.* , z,&!m!#,!3 *-,-!u) (%)#!-"!p" -*+*) "&8!"&%"&$) &,w#"!-"#!u) (%)#!m!.*&+,#*z,+*i !-"!#)&!%"+'%&)&!(%, &j"%*-)&!%"&$"+()!,!9) ()&!m!j)%9,&!-"%" -*%R

!

y)-)&!#)&!f,&()&!%",#*z,-)&!" !"#!9,%+)!-"!#,!"�"+'+*i !-"#!$%)m"+()!-"!�x'*$,9*" ()8 "+"&,%*,9" ("!-"w"%J !&"%!"j"+(',-)&!m!%" -*-)&!$)%!#,!40�y4y3u4�0!��0�.4u47p478! )!$'-*" -)&"%!#)&!%"+'%&)&!(%, &j"%*-)&!,!("%+"%)&8! *!%" -*-)&!+) !-)+'9" ()&!-"!("%+"%)&R

!

2'"-,!"&(%*+(,9" ("!$%)k*w*-)!* h"%(*%!#)&!j) -)&!(%, &j"%*-)&!$,%,!"#!-"&,%%)##)!-"#!$%)m"+()8!" +',#x'*"%!(*$)!-"!* &(%'9" ()&!j* , +*"%)&!)!,+(*h)&!-*f*(,#"&8!m,!&",!-"!%" (,!j*�,!)!h,%*,w#"8!-"!+)%())!#,%f)!$#,z)8!x'"!%"-*(g"!* ("%"&"&8!%",�'&("&!'!)(%,&!'(*#*-,-"&8!(,#"&!+)9)�!j) -)&!9'(')&8,++*) "&8!-"$i&*()&!,!$#,z)8!w) )&8!9) "-,&!h*%(',#"&8!"(+R

!

5)%!#)!, ("%*)%8!&"!,-�' (,!' ,!1�uo7p7u4�0!�3p717!�4�5o�!l70��/!0q�n!-"#!l-"!#,np"$%"&" (, ("!4 &(*('+*) ,#8!" !#,!+',#!&"!"&(,w#"z+,!x'"!#)&!j) -)&!(%, &j"%*-)&!$)%!7041! )!&"%J * h"%(*-)&!" ! * fg !* &(%'9" ()!j* , +*"%)R

!

7041! )!j* , +*,!"#!$,f)!-"!%"9' "%,+*) "&8!k) )%,%*)&8!* +" (*h)&!-"! * fg !(*$)R!7&:!+)9)(,9$)+)8!"#!$,f)!-"!* -"9 *z,+*) "&!l&'&(*('(*h,!-"#!,h*&)!$%"h*)8!j"%*,-)!, ',#!)!h,+,+*) "&!m!$)%,�)&!-"!&"%h*+*)nR

!

�"!$%)k:w"!"#!,%%*" -)!-"!h"k:+'#)&!$%)$*)&!m!�'&(*j*+,-)&!+) !-)+'9" ()&!* ("% )&!-"!#,&* &(*('+*) "&!w" "j*+*,%*,&!lj,+('%,&8!%"+*w)&!&*9$#"&8!%"+*w)&!* ("% )&!'!)(%)&n8!"&!-"+*%8!x'"!~&(,&+)w%" !+)9)!,%%*" -)!"#!'&)!-"!#)&!h"k:+'#)&!$%)$*)&!$,%,!,+(*h*-,-"&!-"#!$%)m"+()R

=

HO@?>@�=AO�EHFIG=CEB=@PD?>E=@=HDGCFHFDGEA<

�#!,$)%("!-"!./01�234567041!-"!#)&!%"+'%&)&!j* , +*"%)&!x'"-,!&'�"()!,!#,&!&*f'*" ("&!+) -*+*) "&�

tR����� (%"f,!)$)%(' ,!-"!#,&!+,'+*) "&!%"&$"+(*h,&8!" !+,&)!-"!#,&!4 &(*('+*) "&!5%*h,-,&R

sR����y)(,#!(%,9*(,+*i !-"#!$%"&" ("!+) h" *)R

rR����o,!.,+'#(,-!)!' *-,-!,+,-~9*+,!-"!�"%,%x':,!"x'*h,#" ("8!-" (%)!-"!#,!4 &(*('+*i !�" "j*+*,%*,8 )!-"w"!(" "%!+)9$%)9*&)&!(~+ *+)&!$" -*" ("&!+) !./01�2345R

Page 33: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !!!!"#$%&'()(*+),&$-.&./)+)#0)#$1234)+#$&5$6.3.$(.&.0$0.&6)+)5&.'$6.$+*.&(#'$7.&6).&(.'$+5&$89%:;'.<2&$/.+=#$6.$.>)<)3)4)6#6$?;$.&$+#'5$6.$4#'$%&'()(*+),&$-.&./)+)#0)#$10)@#6#;$&5$6.3.$(.&.00.&6)+)5&.'$6.$+*.&(#'$7.&6).&(.'$+5&$89%:$')&$<#0#&()A#0

B !!!!:)'75&)3)4)6#6$70.'*7*.'(#0)#$6.$89%:

C !!!!:.'()&#+),&$.>+4*')@#$6.$45'$0.+*0'5';$0.+)3)65'$750$4#$%9DE%EFG%H9$-I9IJ%G%8K%8;$#$4#.L.+*+),&$6.4$705?.+(5;$6.$45$+5&(#0)5;$89%:$'54)+)(#0M$.4$0.)&(.<05$+500.'75&6).&(.

N !!!!:)'75')+),&$6.4$.O*)7#P).&(5$7#0#$*'5$?$#++.'5$#3).0(5$6.$5(05'Q#'R$)&@.'()<#650.'Q#'R;&#+)5&#4.'$?S5$)&(.0&#+)5&#4.';$750$*&$7.0)565;$&5$)&/.0)50;$#$TU$6V#'$=M3)4.'$#&*#4.';$750$65'#W5';$.&$4#$14#(#/50P#$6)'7*.'(#$750$JX9:IYF%1$7#0#$(#4$./.+(5

$

Z[\] _a_bcd _b\e]afcga_dhi ca_]\fadhiag_a\]j \[b\e]akc]cl\b\_i\_m

"#$%9DE%EFG%H9$-I9IJ%G%8K%8$6.+4#0#$O*.$#+.7(#$.4$#750(.$6.$89%:;$53L.(5$6.$.'(.$+5&@.&)5;$?$'.534)<#$#$.L.+*(#0$.4$705?.+(5;$*()4)A#&65$45'$0.+*0'5'$.&$4#$/50P#$O*.$.&$n'(.$'.$=#$70.+)'#65

$

jco _adg_phafcgadihqcb hm

I4$74#A5$6.$.L.+*+),&$6.4$705?.+(5$'.0M$6.$�T$P.'.';$6)@)6)65$.&$65'$.(#7#'r

s!!!!!!!!dtuvwtxacyxzxr$6.${|$P.'.';$+5&(#65'$#$7#0()0$6.$4#$/.+=#$6.$(5(#4$(0#P)(#+),&$6.4$#+(5#6P)&)'(0#()@5$O*.$#70*.3.$.4$0.'7.+()@5$+5&@.&)5$6.$.L.+*+),& $14#A5$.&$.4$+*#4$'.$6.3.&.L.+*(#0$(565'$45'$<#'(5'$#'5+)#65'$#$4#$+5P70#$6.4$.O*)7#P).&(5;$.'$6.+)0;$6*0#&(.$.'(.7.0)565$n'(.$6.3.0M$'.0$#6O*)0)65;$)&'(#4#65$?$.'(#0$57.0#()@5$.&$.4$7#V' $_}wv~��aw�y�tvu��a}wa�xaztuvwtxawyxzxa}w�azt��w�y�a}wywtvu�xt~a�xalw��xaw�u�u��wa}wa�xtw�}u�u��a}wa��w�yx��av~�a��avw�a}waz�x��azxtxa��aztw�w�yx�u��

s!!!!!!!!jw���}xacyxzxa6.$T�$P.'.';$+5&(#65'$#$7#0()0$6.$4#$/.+=#$6.$(n0P)&5$6.$4#$70)P.0#$.(#7# I&$.'(#$.(#7#$&5$.>)'()0M$/)&#&+)#P).&(5$89%: $I'$6.+)0;$*&#[email protected]$+5P70#65$.4$.O*)7#P).&(5$?0.&6)65$45'$<#'(5'$+500.'75&6).&(.';$.>)'()0M$*&$7.0)565$6.$T�$P.'.';$6.6)+#65.>+4*')@#P.&(.$7#0#$0.#4)A#0$.4$'.<*)P).&(5$(n+&)+5$#4$+500.+(5$/*&+)5&#P).&(5$?$*'5$6.4.O*)75$?$6.4$#@#&+.$6.$45'$)&6)+#650.'$+5P705P.()65'$.&$4#$7057*.'(#

$

D.$7560M$'54)+)(#0$/50P#4P.&(.$.4$3.&./)+)5$6.$.>(.&'),&$6.4$7.0)565$6.$.L.+*+),&$6.4$705?.+(5;$',45.&$+#'5'$L*'()/)+#65'$(n+&)+#P.&(.$5$750$+#'5$/50(*)(5$5$/*.0A#$P#?50;$4#$+*#4$'.0M$'5P.()6#$#.@#4*#+),&$750$89%: $gxa���u�uy�}a}w�wa�x�wt�w$x�yw�a}w�ay�tvu��a}wa�xadtuvwtxawyxzxa}ww�w���u��a}w�azt��w�y�a�w���a����w�u�a�a}w�wt~a���yxta���a�xa�u�x�u��a}wa���x�twztw�w�yx�ywau��yuy��u��x�a�iw�y�t�x��afutw�y�t�x�ac����vu���x��afw�x���x��afutw�y�t�x�}wau��w�yu�x�u���awy�m�m

a

8O*.44#$G5506)&#650#$K.'75&'#34.$6.4$705?.+(5$O*.;$750$P5()@5$6.$P#(.0&)6#6$=#<#$*'5$6.$4)+.&+)#Pn6)+#$6.$70.$?$75'(&#(#4$6*0#&(.$4#$.L.+*+),&$6.$n'(.;$7560M$'54)+)(#0$.4$3.&./)+)5$6.$.>(.&'),&$750$.47.0)565$+500.'75&6).&(. $1#0#$45$+*#4;$6.3.0M$70.'.&(#0$*&#$'54)+)(*6$#+5P7#W#6#$6.$*&$+.0()/)+#65Pn6)+5$.>(.&6)65$750$*&$705/.')5&#4$+5P7.(.&(.$7#0#$.4$+#'5$6.4$70.&#(#4;$?$6.4$+.0()/)+#65$6.&#+)P).&(5$7#0#$4#$'54)+)(*6$6.$75'(&#(#4$5$4)+.&+)#$6.$=)L5Q#R$P.&50$#$*&$#W5;$L*&(5$#$4#0.705<0#P#+),&$6.$'*'$#+()@)6#6.'

$

I&$.4$+#'5$6.4$G5506)&#650$K.'75&'#34.$(.&60M$4#$75')3)4)6#6$6.$'54)+)(#0$.4$3.&./)+)5$6.$.>(.&'),&$750.4$7.0V565$O*.$6*0.$'*$7.0P)'5$75'(&#(#4$7#0.&(#4;$.&$.4$+#'5$6.$'.0$7#60.$6*0#&(.$4#$.L.+*+),&$6.4705?.+(5;$7#0#$45$+*#4$(#P3)n&$6.3.$#6L*&(#0$.4$+.0()/)+#65$6.$&#+)P).&(5$6.4$=)L5Q#R

$

I&$.4$+#'5$O*.$'.$#*(50)+.$.4$3.&./)+)5$6.$.>(.&'),&$P.&+)5&#65;$JX9:IYF%1$+5P*&)+#0M$#$4#%&'()(*+),&$-.&./)+)#0)#$?$.4Q4#R$G5506)&#650Q#R$K.'75&'#34.$?$'54)+)(#0M$4#$.>(.&'),&$6.$4#$+#*+),&0.'7.+()@#;$+*#&65$+500.'75&6#

$

Page 34: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#$%&'%!()"*�'+*',%'#-�"#"./#0-'1*-*2#/#%)#%

345 678969:;6<75 =>7>?6;6@A6@5 4BCDE4DF5 4G5 BDCHIJECK5 G45 LMN45 ECE4G5 IOMPQ4GIREI5 4S@BCDEIT6RLEPEMJPCRTUIRID4GVWX5YS@BCDEIT6RLEPEMJPCRTB4G4ZD4LV[K5JCRLPLEIREI5IR5\PRIDC5I]IJEPQCKILBIJPIL5Q4GCD4\4L5YMLC5\I5IOMPBCLK5ILB4JPC5]LPJC5M5CEDCL[5H5BIDLCR4G5DIOMIDP\C5B4D45IG5_PEC5\IGNPLNCK5GC5OMI5LI5]CDN4GPa45\IE4GG4\4NIREI5IR5IG5BDILMBMILEC54\bMREC5IR5G45BDCBMILE45Y@7>cd57ef[W

5

@LPNPLNCK5G45678969:;6<75=>7>?6;6@A6@5\IZIDF5BDCQIID5G45PR]D4ILEDMJEMD45RIJIL4DP45B4D45G4PRLE4G4JPgRK5]MRJPCR4NPIRECK54JJILC5H54\NPRPLED4JPgR5\IG5IOMPB4NPIREC54\bM\PJ4\CW

5

345678969:;6<75=>7>?6;6@A6@5\IZIDF5JC]PR4RJP4DK5\I54JMID\C545GC5LIh4G4\C5IR5IG5BMREC5iWj5\I5G4LZ4LIL5JCRJMDL4GILK54G5NIRCLK5IG5klm5\IG5JCLEC5\IG5EIN5IOMPB4NPIRECW5nI5ILEI54BCDEIK54G5NIRCLK5IGflm5\IG5IOMPQ4GIREI54G5NCREC5ECE4G5\IG5oEIN5@WX5>OMPB4NPIREC5Y>OMPBC5pDPRJPB4G5C5pG4E4]CDN45q@JJILCDPCYL[[K5\IZIDF5LID5]PR4RJP4\C5JCR5@BCDEIL5pIJMRP4DPCLK5IG5OMI5\IZIDF5LID5\ILEPR4\C54r

stt''uvwxywz{|}z~x|�z����zuvwxywz{|z��|�v����r

nIREDC5\I5_LEIK5ILBIJ]PJ4NIREIK545G45JCRED4E4JPgR5\I5MR5E_JRPJC5C5BDC]ILPCR4G5ILBIJP4GPa4\CKIRJ4D�4\C5\I5G45CBID4JPgR5\IG5IOMPB4NPIRECK5L4GQC5IR5J4LCL5IR5OMIK5BCD5G45R4EMD4GIa45\I5_LEIK5RC5LIDIOMPID45MR45BIDLCR4545J4D�CW5U4LEC5OMI5\IZIDF5LID5DI4GPa4\C5\MD4REI5G45QP�IRJP45\IG5BDCHIJECKpDPNID45H�C58I�MR\45>E4B4W

5

stt55uvwxywz{|}z�x|�z����z�v�v��xv�����

U4LECL5RIJIL4DPCL5B4D45DI4GPa4D5G45J4B4JPE4JPgR5IR5IG5MLC5\IG5IOMPB4NPIREC54G5BIDLCR4G5OMI5GC5DIOMPID4KOMI5BMI\IR5PRJGMPD5B4L4bIL5\I5GCL5J4B4JPE4\CDIL545;�PGI5C5QP4bIL5B4D45J4B4JPE4DLI54G5IED4RbIDCKPRJGMHIR\C5LML5QPFEPJCLW5U4LEC5OMI5\IZIDF5LID5DI4GPa4\C5\MD4REI5G45pDPNID45>E4B45\IG5BDCHIJECW

5

>R5GCL5J4LCL5IR5OMIK5BCD5G45R4EMD4GIa45\IG5IOMPBCK5RC5LI45RIJIL4DPC5\ILEPR4D5ILECL5DIJMDLCL545GCL5EINL4REIL5LIh4G4\CLK5C5RC5LI5JCNBGIEI5IG5flm5LCGPJPE4\CK5IG54BCDEI5C5IG5DIN4RIREI5\IZIDF5DI4GPa4DLI5IR5IGoEIN5%'�'*�����������W

5

>G5@BCDEI57C5pIJMRP4DPC5\IZI5LIDK54G5NIRCLK5IOMPQ4GIREI54G5BCDJIRE4bI5RC5]PR4RJP4\C5BCD54BCDEILBIJMRP4DPCLK5RIJIL4DPCL5B4D45GC�D4DK5JCNC5N RPNC5IG5klm5\I5JC]PR4RJP4NPIREC5\IG5NCREC5ECE4G5\IGoEIN5@WX5>OMPB4NPIREC5Y>OMPBC5pDPRJPB4G5C5pG4E4]CDN45q5@JJILCDPCYL[[W5>G5NIRJPCR4\C54BCDEI5RCBIJMRP4DPC5\IZIDF5LID5JCNBDCNIEP\C5IR5GCL5oEIN5=WX59D4LG4\C5I56RLE4G4JPgR5H�C5IG5oEIN5;WX5dBID4JPgRH5JCRLP\ID4DLI5\IREDC5\IG5BIDC\C5\I5IbIJMJPgR5\IG5BDCHIJECK5L4GQC5GCL5JCLECL5\I5N4REIRJPgR5H5LI�MDC\IG5IOMPBCK5H54JCD\I5JCR5G45]IJ�45\I5JCNBD45I5PRLE4G4JPgR5\IG5IOMPBC5Y\I54JMID\C545GC5PR\PJ4\C5IR5IGR�NIDC5iWk5\I5G4L5Z4LIL5\IG5JCRJMDLC[W5AILBIJEC545G45Q4GCDPa4JPgR5\I5AA��K5LgGC5LI5BMI\I5JCRLP\ID4DIG5BIDLCR4G5E_JRPJC5ILBIJP4GPa4\C5IRJ4D�4\C5\I5G45N4RPBMG4JPgRK5MLC5H�C5N4REIRJPgR5\IG5IOMPBC5YJCRJCRED4EC5QP�IREI5IR5G45PRLEPEMJPgR[K5IG5BIDLCR4G5E_JRPJC5H54\NPRPLED4EPQC5IRJ4D�4\C5\I5G4L5�ILEPCRIL5\IJCNBD45\IG5IOMPB4NPIREC5H5\I5GCLY4L[5PRQILEP�4\CDILY4L[54LCJP4\CLY4L[545ILEI5BDCJILCW57C5IL5BCLPZGIPRJGMPD5Q4GCDPa4JPgR5\I5DINMRID4JPCRIL5\I5GCLY4L[5BCLPZGIL5MLM4DPCLY4L[5\IG5IOMPB4NPIREC5MR45QIaBMILEC5IR5]MRJPCR4NPIRECW

5

(/"%�%&'*$!,*('+*,'%!()"*�

345678969:;6<75=>7>?6;6@A6@5LgGC5BC\DF5MEPGPa4D5IG54BCDEI5DIJPZP\C5BCD5@76n5B4D45]PR4RJP4D5GCL5EINLILBIJP]PJ4\CL5IR5IG5BDCHIJECK5BDILE4R\C5B4DEPJMG4D54EIRJPgR545G45\I]PRPJPgR5\I5GCL5NPLNCLK5JCREIRP\45IRG4L5Z4LIL5\IG56c5;d7;:A8d5n>5>�:6p@ 6>79d5;6>79o?6;d5¡59>;7d3<U6;d5 >n6@7dW

5

-(�*-%&'/(-")%!%)"*'" /-#/%�

?d7n>�:6p�@76nK5OMPIR54JEM4DF5JCNC5JCRED4B4DEI5E_JRPJ4K5LIDF5DILBCRL4ZGI5ILBIJP4GNIREI5\Ir

XttttttAI4GPa4D5IG5LI�MPNPIREC5E_JRPJC5H5]PR4RJPIDC5\IG5BDCHIJECW

Page 35: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!!!!!!"#$%&'()#*)+,-.*%-%#/01)2#)*'&)'+0%$%2'2#&).*'/%3%+'2'&4

!!!!!!5,.#($%&'()6)1(%#/0'()*')-'(+7')#&0('089%+')2#*).(16#+01:)&#9;/)*1)#&0'<*#+%21)#/)#*).(#&#/0#+1/$#/%14

!!!!!!"#'*%='()$%&%0'&)')0#((#/14

)

>?@ABCDEAFGHIBC@AJFE>KEC>LMANA@AHFKNE>KEOCEAFNPAPM@AJFEQKFKGA@ACIACR

S')TU5VTVWXTYU)Z[U[\TXT]"T])2#<#()%/9(#&'()012')*')%/31(-'+%_/)(#3#(#/0#)'*)#,%.'-%#/01+%#/0a3%+1) ,#)&#()'2,%(%21).1()+1/+#.01)2#)#&0#).(16#+01:)#/)*1&)&%&0#-'&)2#)%/31(-'+%_/)1(#9%&0(1&)%/31(- 0%+1&) ,#)\bUc[dWTef]UTc)2%&.1/9').'(')#**14)[&)(#&.1/&'<%*%2'2)2#)*'TU5VTVWXTYU)Z[U[\TXT]"T])#*)'+0,'*%='()'/,'*-#/0#)*')%/31(-'+%_/)#/0(#9'2')#/)#&01&)(#9%&0(1&)6f1&%&0#-'&)2#)%/31(-'+%_/4)c#)/1)#&0'()2%&.1/%<*#&)#&01&)&%&0#-'&:)*')TU5VTVWXTYU)Z[U[\TXT]"T]2#<#)#/$%'()*')%/31(-'+%_/)+,'/21)\bUc[dWTe)*1)&1*%+%0#4

E

>K@ABHgIABKICDEHgKIC@AJFhE@MA>C>HEiEBCFPKF@AJFE>KEKLMAgHNR

S')TU5VTVWXTYU)Z[U[\TXT]"T])2#<#)'&,-%()*')(#&.1/&'<%*%2'2)2#)*')'2#+,'2')%/&0'*'+%_/:)1.#('+%_/:'2-%/%&0('+%_/)6)+,%2'21)2#*)#,%.'-%#/01)'2,%(%21).'(')#*).(16#+01:)&#9;/)&#)-'/%3%#&0')#/)X'(0'2#)X1-.(1-%&1)%/+*,%2')#/)*').(1.,#&0')'2j,/0')')#&0#)+1/$#/%1)k]U[lb)Umno:)1<*%9'+%_/),#)&#+,-.*%()2#)'+,#(21)+1/)*'&)/1(-'&)08+/%+'&)#&.#+%3%+'2'&).1()#*)3'<(%+'/0#).'(')*')%/&0'*'+%_/:),#2#+*'(')+1/1+#(4

)

)

]&%-%&-1:)*')TU5VTVWXTYU)Z[U[\TXT]"T])2#<#)'&,-%()*')(#&.1/&'<%*%2'2)2#)#j#+,0'(),/).*'/)2#-'/0#/%-%#/01).(#$#/0%$1)2#*)#,%.'-%#/01)'2,%(%21:)&#9;/)*1)-'/%3#&0'21)#/)X'(0')2#)X1-.(1-%&1%/+*,%2')#/)*').(1.,#&0':),#)31(-').'(0#)%/0#9('/0#)2#*).(#&#/0#)+1/$#/%1)k]U[lb)Umno4

)

e'(')+,-.*%()+1/)*1)'/0#(%1(:)*')TU5VTVWXTYU)Z[U[\TXT]"T])2#<#()9#&0%1/'(:)#/)*')+1-.(')2#*#,%.'-%#/01:),/)+1/0('01)2#)-'/0#/%-%#/01).(#$#/0%$1)2#)8&0#:)+1/)#*).(1$##21(:)+1/),/')2,('+%_/-a/%-')2#)21&)'p1&4)[/)+'&1)2#)/1)&#().1&%<*#)+1/$#/%()#*)+1/0('01)2#)-'/0#/+%_/)+1/)#*).(1$##21()13'<(%+'/0#)2#*)#,%.'-%#/01:)&#)j,&0%3%+'()'/0#)\bUc[dWTef]UTc)#*)+1/0('01)+1/)10(1).(1$##21(4[q+#.+%1/'*-#/0#:)#/)+'&1&)21/2#:).1()*')/'0,('*#=')2#*)#,%.1:)/1)&#').1&%<*#)1)&#')010'*-#/0#%//#+#&'(%1)(#'*%='(),/)+1/0('01)2#)-'/0#/%-%#/01:)&#).12()&1*%+%0'()',01(%='+%_/).'(')/1)+,-.*%()+1/#&0#)(#,%&%01:)-#2%'/0#)+'(0')31(-'*)'*)e(19('-')\bUc[dWTe:)'2j,/0'/21)21+,-#/01&)2#)(#&.'*21,#)+#(0%3%,#/)*')&%0,'+%_/)6).(#&#/0'/21),/).*'/)2#)-'/0#/+%_/)')+'(91)2#)*')TU5VTVWXTYUZ[U[\TXT]"T]4

)

[*)+1&01)'&1+%'21)&#).12()%-.,0'()'*)&,< a0#-)Z4r4 )s]UV[UXTYU:)t]"]UVu]5)6)5[tW"b5)6)(#/2%(')\bUc[dWTef]UTc)-#2%'/0#)*')21+,-#/0'+%_/)2#)(#&.'*21),#)+1/0#-.*#)#*).'91)'&1+%'21)')#&#+1/0('01)1).*'/)'*0#(/'0%$14)[/)+'&1)2#),#)&#)',01(%+#),/).*'/)2#)-'/0#/%-%#/01).1().'(0#)2#)*'T/&0%0,+%_/:)&#).12()%-.,0'()')*1&)'.1(0#&)2#)8&0'4

)

]2#- &:)*')TU5VTVWXTYU)Z[U[\TXT]"T])&#)+1-.(1-#0#)')'&,-%()*')(#&.1/&'<%*%2'2)2#)*'-'/0#/+%_/)2#*)#,%.1).1()v)'p1&).1&0#(%1(#&)'*)08(-%/1)2#*)+1/0('01)&,&+(%01)+1/)#*).(1$##21()6)'2%&.1/#()2#)*1&)%/&,-1&)(#,#(%21&).'(')*')1.#('+%_/)2#*)[,%.'-%#/01:)'&a)+1-1)*')/#+#&%2'2)2#+1/0'()+1/)#*).#(&1/'*)#&.#+%'*%='21).'(')&,)1.#('+%_/:)&%)+1((#&.1/2#:)2#)'+,#(21)')*1)#&0'<*#+%21)#*/;-#(1)v4w)X13%/'/+%'-%#/01)2#)*'&)<'&#&)+1/+,(&'*#&4

)

>K@ABHNKxMF>CDEgIHgAK>C>E>KEOHNEKLMAgHNEiE>KByNEQAKFKNEiEgIHzAQA@AJFE>KxIC{CIEiEKFC|KFCIR

S')TU5VTVWXTYU)Z[U[\TXT]"T])&#()*').(1.%#0'(%')2#*)#,%.'-%#/01)'2,%(%21)+1/)31/21&)2#)#&0'+1/$1+'01(%')6)#&0'()&,j#0')')*')1<*%9'+%_/)2#)2#&0%/'()#*)#,%.'-%#/01)')*1&)3%/#&:)1<j#0%$1&)6

Page 36: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$!"%&!&'()*'&*'+),%*$!-'*-' )*-+.'/)$.-+*'&)'./0)/% . %1-2

'

34'*()%#."%*-+!'./()%$%/!' !-'.#!$+*'/*'5678'*&+.$9'&)0*+!'.'4.'#$!:%;% %1-'/*'<$.,.$'='*-.0*-.$>&.4,!'.)+!$%?. %1-'#$*,%.'/*'5678>'/)$.-+*'4.'*0* ) %1-'/*4'#$!=* +!2

@

ABCDEFGBHCBHIJ@KBLMHFKN

O.'76PQ7QRS7T6'U363V7S75W75'+!".$9'#14%?.'/*'&*<)$!'$*&#* +!'/*'4!&'*()%#!&'./()%$%/!&>' )=.,%<*- %.'&*'*X+*-/*$9'#!$')-'#4.?!'-!'"*-!$'.'YZ[@\]Z[@Z[_abZa[@\@c\@def\@Y @_gahbiZ@Y @c\jabh a\@B_\ \@Y @ kelebmi@Y c@ aZn e_Z>'/*'. )*$/!'.4' !"#$!"%&!'*X#$*&./!'*-'S.$+.'/*S!"#$!"%&!'%- 4)%/.'*-'4.'#$!#)*&+.'/*'*&+*' !-,*-%!'o563pq'6rst2'34' !&+!'u%-.- %*$!'/*'/% :.#14%?.'&*'#!/$9'%"#)+.$'.4'&);vw+*"'U2x2v'y56Q36S7T6>'z5W56Q{5P'|'P3zRWqP'/*4'#$*&)#)*&+!2

'

O.'76PQ7QRS7T6'U363V7S75W75'#.<.$9' !-'#)-+).4%/./'4.&'#$%".&' !$$*&#!-/%*-+*&>'$*&#!-/%*-/!/*' )4#.'4*,w&%".'#!$'+!/.'-*<4%<*- %.'*-'()*'%- )$$.'#.$.'*4' )"#4%"%*-+!'/*'*&+.'!;4%<. %1-2

'

P!4!'*-' .&!&'#)-+).4*&'/!-/*>'#!$'4.'-.+)$.4*?.'/*4'*()%#!>'-!'&*.'#!&%;4*'./()%$%$')-.'#14%?.'/*&*<)$!>'&*'#!/$9'&!4% %+.$'.)+!$%?. %1-'#.$.'-!' )"#4%$' !-'*&+*'$*()%&%+!'"*/%.-+*' .$+.'u!$".4'.4}$!<$.".'Vq683~R7}'='/! )"*-+!&'/*'$*&#.4/!'()*' *$+%u%()*-'4.'&%+). %1-2

'

3-'.()*44!&' .&!&'*-'()*>'*X%&+%*-/!'&*<)$!&' !-+$.+./!&>'! )$$.>'4.'#�$/%/.>'+!+.4'!'#.$ %.4>'/*4*()%#."%*-+!'/*&+%-./!'.4'#$!=* +!'='4.'.&*<)$./!$.'$*&#* +%,.'-!'$*&#!-/.'/*'/% :!&'&%-%*&+$!&> ).4()%*$.'u)*$*'4.' .)&.4'&*�.4./.'#!$'4.'"%&".>'4.'76PQ7QRS7T6'U363V7S75W75'.&)"%$9/%$* +."*-+*'4.'!;4%<. %1-'/*'u%-.- %.$'4.'$*#!&% %1-'.4)/%/.'='4.&'. %!-*&'4*<.4*&'()*' !$$*&#!-/.-2

'

5678'u%0.$9'4!&'+�$"%-!&'/*'4.'$*#!&% %1->'"*-!& .;!'!'/.�!'/*4'*()%#."%*-+!>'*-'4!&' .&!&#$* %&./!&'*-'*&+*'#9$$.u!2'8*4'"%&"!'"!/!>'5678'#!/$9'#!-*$'+�$"%-!'.-+% %#./!'.4'S!-,*-%!>'&%'*4&%-%*&+$!'u)*$*'/*'+.4'".<-%+)/'()*'%"#!&%;%4%+.$*'4.' !-+%-). %1-'/*4'#$!=* +!2

'

ABCDEFCMIHGIJ@EI�B�F@AB@AD�BHF@�@CF�GI�D�DAIA@AB�@jHF�BCGFN

O.'76PQ7QRS7T6'U363V7S75W75>'}�;4% .'!'}$%,./.>'/*;*$9'/*&+%-.$')-.' )*-+.';.- .$%.'%-&+%+) %!-.4>*-'4.' ).4'5678'+$.-&u%*$.'4!&'$* )$&!&' !$$*&#!-/%*-+*&'.4'#$!=* +!'./0)/% ./!'='&*'/*#!&%+*-'4!&.#!$+*&'#* )-%.$%!&'/*'4.'#$!#%.'7-&+%+) %1-'.4'#$!=* +!2

'

O.'76PQ7QRS7T6'U363V7S75W75'}�UO7S5>'/*;*$9'$*.4%?.$'+!/.&'4.&' !"#$.&'*-' !-u!$"%/./' !-'4.&/%&#!&% %!-*&'4*<.4*&',%<*-+*&>'*&'/* %$>'&*<�-'4.&'%-/% . %!-*&'&*�.4./.&>'+.-+!'*-'4.'O*='/*'S!"#$.&}�;4% .&>' !"!'*-'&)'$*&#* +%,!'W*<4."*-+!2'}.$.'*&+!&' .&!&>'*4'}$!<$.".'-!'*&+9'u. )4+./!'#.$.$*.4%?.$'*X *# %!-*&2'P%-'*";.$<!>'4!&'#$! *&!&'/*' !"#$.'/*;*$9-'&*$'%-u!$"./!&'.4'}$!<$.".Vq683~R7}2

'

O.'76PQ7QRS7T6'U363V7S75W75'}W7�585>'/*;*$9'$*.4%?.$'+!/.&'4.&' !"#$.&'/*' !-u!$"%/./'.'4!&+$."!&'/*' !"#$.'&%<)%*-+*�

'

v������S!"#$.'8%$* +.�'#.$.'"!-+!&':.&+.'�s2���2���'o7�5'%- 4)%/!t2

v������P*'$*()%*$*-'�' !+%?. %!-*&�'#.$.'"!-+!&'".=!$*&'.'�s2���2���'='"*-!$*&'!'%<).4*&'.�s�2���2���'o7�5'%- 4)%/!t2

v������O% %+. %1-'#�;4% .�'#.$.'"!-+!&'&)#*$%!$*&'.'�s�2���2���'o7�5'%- 4)%/!t2

'

Page 37: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%&'"($)*+*,-&"!.+!#+*$/!("-")-"$0)*1-+*2/"%!"+$,*3-&"$")*+*,-&"#-&-"&!-)*3-&"-%45*(*+*$/!("$+$/,&-,-+*$/!("%!"(!&6*+*$(7"(!18/")$"(!9-)-%$"!/"!)":;<=>"?>;@<ABCD"%!)"C/(,&5+,*6$"E!/!&-)"%!F!/%*+*2/"%!"G5!/,-("%!":;C@H"IJKLMJNOPQPKRSMJTMSTUTMVTLOPWLVMQNXMLXKTVPNVPSLSMLMOLMQNYZVLM[JTV\MLXLOPWLSLMTXMJRMY]VPKNMZNVMTOMVN_VLYLH

"

IabcdefbghijMaifabkgMIMldmMnIafnmdm

o-"C; pCpBGCq;"r<;<?CGC:FC:"DFCs:@:"%!0!&'"!/,&!1-&7"5/-"6!3",&-t*,-%$"!)"#&!(!/,!"+$/6!/*$75/-"+-5+*2/"#$&"!)"t$/,$"-",&-/(u!&*&"#$&":;C@"#-&-")-"!v!+5+*2/"%!)"#&$w!+,$7"+$/(*(,!/,!"!/"5/-0$)!,-"%!"1-&-/,x-"0-/+-&*-"#-1-%!&-"-")-"6*(,-7"6-)!"6*(,-"!/%$(-0)!"$"5/-"#2)*3-"%!"1-&-/,x-"%!!v!+5+*2/"*/t!%*-,-7"-"/$t0&!"%!")-":1!/+*-";-+*$/-)"%!"C/6!(,*1-+*2/"w"@!(-&&$))$"y":;C@H"@*+z$%$+5t!/,$"%!0!",!/!&"5/-"6*1!/+*-"%!7"-")$"t!/$(7"{|}"%x-("%!(%!")-"u!+z-"!.*1*0)!"%!")-"F!/%*+*2/%!"G5!/,-("#$&")-",&-/(u!&!/+*-"%!"&!+5&($("&!-)*3-%-H

"

:;C@"#$%&'"z-+!&"!v!+5,-&"!)"+$0&$"%!")-("1-&-/,x-("t!/+*$/-%-("-)"t$t!/,$"%!"(5"!.*1*0*)*%-%(*!t#&!"45!"!.*(,-/"(-)%$("#!/%*!/,!("#$&")-("(*15*!/,!("+-5(-)!(~"*/+5t#)*t*!/,$"%!")-"$0)*1-+*2/"%!#&!(!/,-&"&!/%*+*$/!("%!"+5!/,-(7"1-(,$("&!/%*%$("#$&"-+)-&-&"w"&!*/,!1&$("/$"&!-)*3-%$(�"!/+$t#)!t!/,$"-")$"-/,!&*$&7"5/-"6!3"u*/-)*3-%$"!)"#&$+!($"%!"+$0&-/3-"-%t*/*(,&-,*6-"w"-/,!("%!)#&$+!($"%!"+$0&-/3-"v5%*+*-)7":;C@"#$%&'"z-+!&"!u!+,*6$"!)"+$0&$"%!")-("1-&-/,x-("!.*(,!/,!(H

"

:")-"C; pCpBGCq;"r<;<?CGC:FC:"D�roCG:"/$")!"(!&'"!.*1*0)!")-"!/,&!1-"%!"1-&-/,x-("#$&"!)"5($"%!)$("&!+5&($("!/,&!1-%$(7"!/"6*&,5%"%!")$"!(,-0)!+*%$"!/"!)"%*+,-t!/";�{�H��|�{}"%!")-"G$/,&-)$&x-E!/!&-)"%!")-"F!#80)*+-H

"

IabcdmI�hijMmI�fbcbIghdM�MadghndlMIlMnd�Iahd�

?>;@<ABCD�:;C@"&!-)*3-&'"!)"(!15*t*!/,$"w"+$/,&$)"%!)"#&$w!+,$"+$t$"z!&&-t*!/,-"%!"t-/!v$"%!*/u$&t-+*2/"#-&-")-",$t-"%!"%!+*(*$/!(7")-"t-/,!/+*2/"%!"5/"-%!+5-%$"+$/,&$)"%!)"5($"%!")$("&!+5&($(,&-/(u!&*%$(7"!)"+$/,&$)"%!")$("&!(5),-%$("%!"+-%-"#&$w!+,$"w"!)"-#$w$"-)"%!(-&&$))$"!.*,$($"%!"+-%-5/$"%!"!))$(7"+5w$"u*/"!(")-"-%45*(*+*2/7"*/(,-)-+*2/"w"#5!(,-"!/"t-&+z-"%!)"!45*#-t*!/,$H

"

!"#&!(,-&'"!(#!+*-)"-,!/+*2/"-"-(#!+,$(",-)!("+$t$~"!6*%!/+*-"%!")-"!v!+5+*2/",�+/*+-7"5($"!u*+*!/,!%!")$("&!+5&($("w"5($"%!")$("!45*#$("#-&-")$("u*/!("+$/6!/*%$("w"(5"+$z!&!/+*-"+$/")$"#&!(5#5!(,-%$!/"!)"#&$w!+,$7"!(,-%$"%!")-"%$+5t!/,-+*2/"%!"!v!+5+*2/"u*/-/+*!&-"w"+$/,-0*)*%-%"%!)"#&$w!+,$7"!/,&!$,&$(H

"

{H����bg�dncImj"?>;@<ABCD�:;C@"!.*1*&'"-")-"C; pCpBGCq;"r<;<?CGC:FC:"!)-0$&-&"w"!/6*-&")$((*15*!/,!("%$+5t!/,$("!"*/u$&t!(7"+5w$("+$/,!/*%$("(!"%!,-))-/"-"+$/,*/5-+*2/~

"

i����bX�NVYTMSTMi�LXQTjM<(,!"*/u$&t!"%!0!&'"(!&"!/,&!1-%$"!/"!)"u$&t-,$"%*(#5!(,$"#$&"?>;@<ABCD7TXMTOMZOLWNMSTMJTPJMYTJTJ"+$/,-%$("-"#-&,*&"%!")-",$,-)",&-t*,-+*2/"%!)"#&!(!/,!"+$/6!/*$H" !!(#!&-"45!7"!/"!(,-"u!+z-7"w-"(!"!/+5!/,&!/"&!-)*3-%-(7"-)"t!/$(7")-(")*+*,-+*$/!(+$&&!(#$/%*!/,!(H"</"�(,!"(!"%!0!"*/+)5*&~

"

y������@!+)-&-+*2/"#-&+*-)"%!"1-(,$("&!-)*3-%$("-")-"u!+z-"�C/(,*,5+*$/!("D&*6-%-(�H

y������<)"!(,-%$"%!"-6-/+!"%!)"#&$+!($"(!15*%$"#-&-")-"-%45*(*+*2/"%!)"!45*#-t*!/,$H

y������G-)!/%-&*3-+*2/"%!")-("-+,*6*%-%!("&!-)*3-%-("-")-"u!+z-"w")-("45!"45!%-/"#$&"!v!+5,-&H

"

@!"/$"z-0!&"&!-)*3-%$")*+*,-+*$/!("$"/$"z-0!&"!t*,*%$")-"$&%!/"%!"+$t#&-"+$&&!(#$/%*!/,!7"(!"%!0!-%v5/,-&"5/-"+-&,-"u*&t-%-"#$&"5/�-�"F!#&!(!/,-/,!"C/(,*,5+*$/-)7"*/%*+-/%$"45!"(!"!/+5!/,&-"!/+$/$+*t*!/,$"%!)"-,&-($"!/")-"!v!+5+*2/"%!)"#&$w!+,$"w"%!,-))-/%$")-("&-3$/!("%!",-)"(*,5-+*2/H

Page 38: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"###$%&'()*+,-.%/.'+0/%123+456789: ;8 <5 =5>?7@8 ABC5DC? ED5:FG :F H-()/%'+I*+21+J(/)*(1+KH1L1;8F M7?N8C6?G O<8 C<@MF: C?5 F? D5;DC:;? : C?56D5<:CDP5Q

R######S8TC7DMCDP5 ;8F M7?C8T? T89<D;? M:7: F: :;O<DTDCDP5 ;8F 8O<DM:@D856?G F: D5T6:F:CDP5 ;8F @DT@?N F: :;8C<:CDP5 ;8 F: D5>7:8T67<C6<7:G TD :TU C?778TM?5;D87:G C?5 F: 78TM8C6DV: C:F85;:7DW:CDP5

8>8C6DV: F:T :C6DVD;:;8T 78:FDW:;:TX

R######=5>?7@:CDP5 ;8F <T? ;8F 8O<DM:@D856? : F: >8CY: ;8 F: 856789: ;8F D5>?7@8X

R######S8TC7DMCDP5 ;8F M7?6?C?F? ;8 @:5685CDP5 M78V856DV: C?567:6:;? ? M7?VDT6? M:7: 8F8O<DM:@D856?G ? T< 8O<DV:F8568X

R######EDCY: ;8 8O<DM:@D856?G T89Z5 8F >?7@:6? O<8 E[\S4] =_ ;DTM?59: M:7: 6:F 8>8C6?X

R######_PFDW: ;8 T89<7? ;8F 8O<DM?X

R######89DT67? ;8 =5V856:7D? ;8F 8O<DM? 85 F: D5T6D6<CDP5X

a"###b*%I/./c%+0/%1%./*(1+0/%123+456789: ;8 F: 785;DCDP5 >D5:5CD87: :F H-()/%'+I*+21+J(/)*(1+KH1L1;8F M7?N8C6?X 4F M7?C8;D@D856? ;8 785;DCDP5 ;8 C<856:T T8 8>8C6<:7d ;8 C?5>?7@D;:; : F? T8e:F:;?85 8F f=5T67<C6DV? g8587:F ;8 85;DCDP5 ;8 h<856:T ;8 i\=S N T< C?778TM?5;D8568 i58j?E[\S4] =_kG 8F O<8 T8 856D85;8G >?7@: M:768 D56897:568 ;8F M78T8568 h?5V85D? li\4m[ \nopX

q"##$%&'()*r+I*+s*tu/)/*%H'3+v?T M7?N8C6?T :;w<;DC:;?T M?7 E[\S4] =_G ;8x87d5 856789:7 ;?TD5>?7@8T ;8 T89<D@D856?G 85 F?T C<:F8T T8 ;8x87d ;:7 C<856: ;8F <T? ;8F 4O<DM:@D856? :;O<D7D;?X45 BT6?TG T8 ;8x87d D5>?7@:7 8F <T? O<8 T8 F8 Y: ;:;? :F 8O<DM?G ;D>8785CD:5;? 8F ;8 F: =5T6D6<CDP5y858>DCD:7D: N 8F F:T =5T6D6<CD?58T iT?CD:;:TG F?97?T 98587:;?T C?5 8F <T? ;8F 8O<DM?G :V:5C8 85F?T D5;DC:;?78T C?@M7?@86D;?T :F @?@856? ;8 M?T6<F:7G <T? 85 :C6DVD;:;8T ;8 >?7@:CDP5GM<xFDC:CD?58T :T?CD:;:T :F 8O<DM?G U5;DC8 ;8 D@M:C6? N CD6:CD?58T ;8 F:T @DT@:TG 85678 ?67:TX

z'r+/%&'()*r+I*+s*tu/)/*%H'+{|}+~+{|�3+;8x85 C?568587 F?T 78T<F6:;?T ;8F <T? ;8F 8O<DM:@D856?N :V:5C8 85 8F C<@MFD@D856? ;8 F?T D5;DC:;?78T C?@M7?@86D;?T 85 F: M?T6<F:CDP5G :F @8T �� N ��G78TM8C6DV:@8568G C?56:;?T ;8T;8 F: >8CY: ;8 6B7@D5? ;8 F: _7D@87: 46:M: ;8 4w8C<CDP5 ;8F M7?N8C6? N;8x8 856789:7T8 85 <5 MF:W? 5? T<M87D?7 : o� ;U:T ;8T;8 F: >8CY: C?778TM?5;D8568X

�T6?T T87d5 8V:F<:;?T N M?;7d5 T87 C?5TD;87:;?T C?@? D5T<@? 85 F: 8V:F<:CDP5 ;8 M7?M<8T6:T 85><6<7:T C?5V?C:6?7D:TX

�"####�$s$,�+,KbbK{�

4T6: C?5TDT6D7d 85 <5: VDTD6:G M?7 M87T?5:F ;8 E[\S4] =_ ? M?7 O<D858T i\=S ;8TD958 M:7: 8T6:6:78:G @8;D:568 F: C<:F T8 V87D>DC:7d 6BC5DC:@8568 F: D5T6:F:CDP5 ;8Fl;8 F?Tp 8O<DM?lTp N T< 78TM8C6DV:7?6<F:CDP5 l_F:C: C?5 8F hP;D9? ;8F _7?N8C6? N ?6<F:;? C?5 8F 78TM8C6DV? \Z@87? ;8 =5V856:7D?pX �T6:VDTD6: T87d C??7;D5:;: C?5 8FlF:p h??7;D5:;?7l:p 8TM?5T:xF8 ;8F M7?N8C6? C?5 F: ;8xD;: :568F:CDP5M:7: T< PM6D@? ;8T:77?FF?X

E[\S4] =_�i\=S >?7@:FDW:7d 8T6: :C6DVD;:; @8;D:568 <5 :C6: 78T<F6:568 ;8 8T6: VDTD6:X iTD@DT@?GM?;7d 85VD:7 ?xT87V:CD?58T : F: =\�A=A h=�\ y4\4E=h=i =i 78TM8C6DV: M:7: D5>?7@:7 ? T<xT:5:7C<:FO<D87 C:785CD: ? >:FF: 85 F: D5T6:F:CDP5 < ?M87:CDP5 ;8Fl;8 F?Tp 8O<DM?lTpX

45 ;DCY: VDTD6: T8 V87D>DC:7dQ

:p####O<8 8FlF?Tp 8O<DM?lTp D5T6:F:;?lTp C?778TM?5;:l5p :Fl: F?Tp :;w<;DC:;?lTp 85 8F M7?N8C6?M?7 E[\S4] =_�i\=SX

xp####O<8 F:T C?58jD?58T : 78;8T ;8 :9<:G 8FBC67DC:TG ;8 9:TG C?@M<6:CD?5:F8T < ?67:T M7?MD:T;8 C:;: 8O<DM?G T8 85C<856785 ><5CD?5:F8TG TD C?778TM?5;8X

Page 39: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!""""#$%&%'(')*!&+ %*),-)(*!&,%#$%,-.)(*!&/+,+&%'&0$1 -)1+2-%13)&.%'(.%&')*!&%#$-/)(*!4&*%%1 $%13,%(1!&.-*/)1-5'%(*!&(+ %*)4& )1%6-71&)& %, +18+&08*- +&%13,%&)3,)*!9

.!""""#$%&'+&+.% $+ -71&.%&-10,+%*3,$ 3$,+&/+,+&*$&-1*3+'+ -71&*%+&'+&#$%& ),,%*/)1.+&/+,+&%'7/3-2)&0$1 -)1+2-%13)&.%'(.%&')*!&%#$-/)(*!&%&-10),2+.+&%1&'+&/,)/$%*3+9

%!""""*%&/).,:&*)'- -3+,&$1+&.%2)*3,+ -71&+ 3-;+&.%'&0$1 -)1+2-%13)&.%'(.%&')*!&%#$-/)(*!4&')&#$%*%,:&-10),2+.)4& )1&+13%'+ -71&+&'+&;-*-3+4&*+';)&%6 %/ -)1%*4&#$%&/),&'+&1+3$,+'%<+&.%'

=#$-/+2-%13)4&%*3)4&1)&*%+&/)*-5'%9

0!"""""#$%&')*&%#$-/)*&*%&%1 $%13,%1&,)3$'+.)*>&?'+ +& )1&%'&@7.-A)&.%'&?,)B% 3)&B&@7.-A)&.%C+,,+&)&,%*/% 3-;)&DE2%,)&.%&F1;%13+,-)9

A!""""#$%&*%&G+B+1&,%+'-<+.)&'+*& +/+ -3+ -)1%*& ),,%*/)1.-%13%*&+'&/%,*)1+'&%1 +,A+.)&.%'&$*)BH)&2+13%1 -71&.%'(.%&')*!&%#$-/)(*!9

I+&F1*3-3$ -71&C%1%0- -+,-+&.%5%,:&.-*/)1%,&.%&$1&JKLMNOJPQPQRMOSTPJUQVKQWNPQVMLMOUX&/+,+& +.+%#$-/)4&+3%1.-%1.)&+&')*&*-A$-%13%*& +2/)*&-10),2+ -71>

�""""""""""Y% G+&B&G),+*&.%&$*)9

�""""""""""D)25,%&B& '+*-0- + -71&.%&$*$+,-)(+!>

+!""""F13%,1)&(/%,3%1% %&+&'+&F1*3-3$ -71&C%1%0- -+,-+!9

5!""""=63%,1)&(/%,3%1% %&+&)3,+&F1*3-3$ -714&%2/,%*+4&%*&-1.%/%1.-%13%&$&)3,)!9

�""""""""""Y-1+'-.+.&)&/,)/7*-3)&%*/% 80- )&.%'&$*)&.%'&%#$-/)&(.%* ,-5-,&'+&+ 3-;-.+.&)&+1:'-*-*&,%+'-<+.)!9

&

=*3%&,%A-*3,)&.%5%,:&*%,&2+1%Z+.)&/),&%'('+!&%1 +,A+.)(+!&.%'(.%&')*!&%#$-/)(*!&+.#$-,-.)(*!&/),&%'/,)B% 3)&B&/).,:&*%,&,%;-*+.)4&/%,-7.- +2%13%4&/),&[DF\&%1&;-*-3+*&+&3%,,%1)&.%'&/,%*%13%&$&)3,)/,)B% 3)&.%&'+&2-*2+&F1*3-3$ -71&+'5%,A+13%4&)&5-%14&*%,&*)'- -3+.)&/),& +,3+&)&+'A$1+&)3,+&;8+&.% )2$1- + -71&+&.-*3+1 -+&/),&/+,3%&.%&[DF\4&3+13)&.$,+13%&'+&%Z% $ -71&.%'&/,)B% 3)& )2)&%1*%A$-2-%13)&%6&]&/)*39

&

I+&FD _F_ @FaD&C=D=YF@F[bF[&.%5%,:&-1 '$-,&%1&')*&+A,+.% -2-%13)*4&%1&3).+&/,).$ 3-;-.+. -%1380- +4&%;%13)&/E5'- )&.%&.-0$*-71&)&%1&3).+&.-;$'A+ -71&+&3,+;c*&.%&2%.-)*&.%& )2$1- + -714&_%*-*)&d%2),-+*&+*) -+.+*&+'&/,)B% 3)&#$%&*%&0-1+1 -+&.%&0),2+&#$%&G+A+&1)3),-+&'+& )13,-5$ -71&.%&[DF\$3-'-<+1.)&%'&*-A$-%13%&0),2+3)>

&

efghQiQjkfhlmngoQiQjkpgkQqrstuvwxyzw{|r}w~�

&

@$+'#$-%,&)3,+&-10),2+ -71&#$%&*%&+A,%A$%&*%,:&.% -*-71&.%&')*('+*!&@)),.-1+.),%*(+*!&b%*/)1*+5'%*9

Q

hl�g�k��o�g�e�Q�en�epl�QhlQgf�n�opg�glf�k�

[DF\&/).,:&*)'- -3+,&%'& +25-)&.%'(.%&'+!&@)),.-1+.),(+!&b%*/)1*+5'%&BH)&.-*/)1%,&%'&3c,2-1)+13- -/+.)&.%'&/,)B% 3)4&,%*%,;:1.)*%&%'&.%,% G)&+&%6-A-,&'+&.%;)'$ -71&3)3+'&)&/+, -+'&.%&')*&,% $,*)*3,+1*0%,-.)*4&G+ -%1.)&%0% 3-;+*&'+*& +$ -)1%*&)3),A+.+*&B&%Z%, -%1.)&'+*&+ -)1%*&'%A+'%*&#$% ),,%*/)1.+14&%1&')*&*-A$-%13%*& +*)*>

�""""""%& )10-,2%&%'&$*)&-1+.% $+.)&.%&')*&,% $,*)*&3,+1*0%,-.)*&/),&[DF\&)&$*)&.%&%*3)*&,% $,*)*&/+,+0-1%*&.-*3-13)*&+&')*&-1.- +.)*&%1&%'&/,)B% 3)&)&*%&.%3%,2-1%&'+&%6-*3%1 -+&.%&2+'+&A%*3-71&)+.2-1-*3,+ -71&/),&/+,3%&.%'(.%&'+!&@)),.-1+.),(+!&b%*/)1*+5'%9

�""""""F1%Z% $ -71&)&%Z% $ -71&/+, -+'&.%'&/,)B% 3)4&3+13)&%1&')*&)5Z%3-;)*&3c 1- )*& )2)&%1&'+&%Z% $ -710-1+1 -%,+&.%&c*3%4&.% '+,+.+&/),&'+&\-,% -71&.%'&?,)A,+2+&Y�D\=� F?4&$1+&;%<&+1+'-<+.)*&')*2)3-;)*&#$%&'+&Z$*3-0- +19

�""""""Y+'3+*&A,+;%*&+&'+&-13%A,-.+.&%1&'+&-1;%*3-A+ -714&3+'%*& )2)4&/'+A-)&)&-1 $2/'-2-%13)&.%&1),2+*c3- +*&BH)&5-)c3- +*9

Page 40: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� !"#$%&'$()#*$#+",#-%."'/$,#&01%-1",2#.-%)%1-$'",#3#*$#,$(4-/-$%&"#1"''$,5"%*-$%&$,6

� 70'*-*)#&"&)+#"#5)'1-)+#*$+#$84-5)/-$%&"2#*$5$%*-$%*"#*$#+),#'$,5"%,)9-+-*)*$,#)1'$*-&)*),6

� :%#1),"#*$#4,"#-%*$9-*"#*$#+",#$84-5",2#$,#*$1-'2#$%#"9;$&-<",#);$%",#)#+",#*$+#5'"3$1&"6

� =4$#>!?@#1"/5'4$9$#%$(+-($%1-)#*$#+)#?!AB?BCD?E!#F:!:G?D?>H?>#3I"#*$+J*$#+)K#D""'*-%)*"'J)KH$,5"%,)9+$#*$+#5'"3$1&"#$%#$+#14/5+-/-$%&"#*$#,4,#"9+-()1-"%$,6

#

LMNOPQNRSTSUVRWXPOYQVSYRONOZSLQVLM[VZXQ\MNRQ]

:%#$+#1),"#*$#84$#>!?@#*$1+)'$#$+#&0'/-%"#)%&-1-5)*"#*$+#5'"3$1&"2#5"'#)+(4%)#*$#+),#1)4,)+$,*$,1'-&),#$%#+)#1+4,4+)#)%&$'-"'2#+)#?!AB?BCD?E!#F:!:G?D?>H?>#*$9$'#'$,&-&4-'#&"&)+/$%&$#$+#,)+*"%"#(),&)*"#*$+#/"%&"#&')%,.$'-*"2#-%/$*-)&)/$%&$#*$,540,#*$#84$#>!?@#1"/4%-84$#$,&)#*$1-,-_%25"'#1)'&)#1$'&-.-1)*)2#)#+)#?!AB?BCD?E!#F:!:G?D?>H?>6

#

>*$/ ,2#>!?@#$,&#.)14+&)*"#5)')#,"+-1-&)'#*$<"+41-_%#&"&)+#"#5)'1-)+#*$#+",#'$14',",#&')%,.$'-*",254*-$%*"#)#,4#<$#'$84$'-'#+)#'$,&-&41-_%#*$+#$84-5)/-$%&"#)*84-'-*"#"#,4#<)+"'#,4,&-&4&-<"6

#

A-#>!?@#*$&$'/-%)#+)#"9+-()1-_%#*$#'$,&-&4-'#$+#$84-5)/-$%&"#"#,4#<)+"'#,4,&-&4&-<"2#+)#?!AB?BCD?E!F:!:G?D?>H?>#&$%*'#84$#*$<"+<$'#&"*"#"#5)'&$#*$+#$84-5)/-$%&"#)*84-'-*"#5)')#$+#5'"3$1&"2#$%#+),1"%*-1-"%$,#*$#$,&)*"#3#4&-+-)1-_%#5'"5-),#*$#,4#4,"#%"'/)+#"#4%#<)+"'#,4,&-&4&-<"#.-;)*"#5"'#>!?@2*$%&'"#*$+#5+)"#*$#ab#*c),#d9-+$,2#1"%&)*",#)#5)'&-'#*$#+)#%"&-.-1)1-_%#)#+)#?!AB?BCD?E!F:!:G?D?>H?>#3#$+J+)K#D""'*-%)*"'J)K#H$,5"%,)9+$#*$+#5'"3$1&"6

#

e)#*$<"+41-_%#*$+#$84-5)/-$%&"#,$'#)#&c&4+"#*$#&')%,.$'$%1-)#*$+#*"/-%-"#*$#0,&$#)#>!?@2#/$*-)%&$$f5'$,)#1"%,&)%1-)2#5"'#5)'&$#*$+J*$#+)K#H$5'$,$%&)%&$#e$()+#*$#+)#?!AB?BCD?E!#F:!:G?D?>H?>2#*$84$#d)#1"%14''-*"#+)#<"+4%&)*#*$#&')%,.$'-'#+)#5'"5-$*)*#*$+#$84-5)/-$%&"6

#

:%#$+#1),"#84$#1"''$,5"%*)2#+)#*$<"+41-_%#,$#*$9$#'$)+-)'#)#+)#,-(4-$%&$#14$%&)#9)%1)'-)g#D4$%&)D"''-$%&$#!hibbjklm2#*$+#F)%1"#:,&)*"2#)#%"/9'$#*$#>($%1-)#!)1-"%)+#*$#?%<$,&-()1-_%#3#@$,)''"++">!?@2#H4&g#nb6imk6bbb�i6

#

A-%#5$';4-1-"#*$#+"#3)#,$o)+)*"#$%#+)#1+4,4+)#@$1-/",05&-/)2#$%#1),"#*$#84$#+)#?!AB?BCD?E!F:!:G?D?>H?>#%"#14/5+)#1"%#+)#'$,&-&41-_%#&"&)+#"#5)'1-)+#*$+#)5"'&$#'$1-9-*"2#,$(p%#+"#)%&$'-"'/$%&$$f54$,&"2#"#%"#14/5+)#1"%#+",#5+)",#$,&)9+$1-*",2#>!?@#d)'#$.$1&-<"#$+#1"9'"#*$#+),#1)41-"%$,1"%,&-&4-*),6

V

LMNOPQYQTMYSUVNOMXXMVQVqOYOrsORQVLM[VZXQ\MNRQ]

7)')#."'/)+-)'#$+#1-$''$#*$+#5'"3$1&"#,$#*$9$#d)9$'#'$%*-*"#3I"#'$-%&$(')*"#+)#&"&)+-*)*#*$#+",#."%*",&')%,.$'-*",2#)5'"9)*"#$+#-%."'/$#&01%-1"#.-%)+2#'$)+-)*"#+)#'$,5$1&-<)#<-,-&)#$%#&$''$%"#3#)5'"9)*"#$+7'-/$'#?%."'/$#*$#A$(4-/-$%&"2#5)')#+"#14)+#,$#*-1&)'#$+#)1&"#)*/-%-,&')&-<"#1"''$,5"%*-$%&$6

TOtWuOPSUVSYMvQu

:+#5'$,$%&$#1"%<$%-"#1"%,&)#*$#+",#,-(4-$%&$,#>%$f",#84$#,"%#5)'&$#-%&$(')%&$#*$+#/-,/"g

#

>!:wx#!hm6�####7'"54$,&)#*$+#5'"3$1&"#*$%"/-%)*"g#yz!"/9'${*${5'"3$1&"|2#1_*-("zD"*-("{5'"3$1&"|2#84$#-%1+43$#D)'&)#*$#D"/5'"/-,"#*$#+)#?!AB?BCD?E!#F:!:G?D?>H?>#37'$,454$,&"6

>!:wx#!h}6�####F),$,#*$+#?w#D"%14',"#*$#5'"3$1&",#*$#:84-5)/-$%&"#D-$%&c.-1"#3#B$1%"+_(-1"#~$*-)%"Gx!@:=C?76

Page 41: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

!"#$%!&'()%%%%*+,-./0-123%45+5.67%85%95+8101:+%85%;/5+-6,%85% !*<%=%,/,%03..5,>3+815+-5,% +5?3,@$!<"AB*C(DEDE(

!"#$%!&F()%%%%<";G 9 ;*H!%IB9 < %J*KCG"%L*+25.,13+5,%5+%*+,-./M5+-3,%@1+6+015.3,N(

O

PQRSTQUVWXQUSXYZOWSXTV[SX\Y]

G6%M5+01:+%85%76%>5.,3+5.6%85%73,%.5>.5,5+-6+-5,%75_675,%85%73,%03M>6.5015+-5,%,5%1+,5.-6%67%1+67%857>.5,5+-5%;3+25+13(

O

PQRSTQUVTSRa[bYZOUVbQcQdYdQe[ObSOdV[PS[QV

"7%>.5,5+-5%03+25+13%,:73%>38.f%,5.%M38110683%>3.%60/5.83%85%76,%>6.-5,%g/5%73%,/,0.1h5+(

O

PQRSTQUViSXdSXYZOQ[cVXUYdQe[OWjklQdY

G6%*+,-1-/01:+%m5+51016.16%%%85076.6%03+305.%=%605>-6.%76%3h71_601:+%85% !*<%85%n605.%>oh7106%761+3.M601:+%>.5,5+-5%5+%5,-5%03+25+13p%85%60/5.83%67%6.-0/73%q%75-.6%N%=%85Mf,%+3.M6,%6>7106h75,%8576%G5=%!&%DE(Drs%,3h.5% 005,3%6%*+3.M601:+%Coh7106(

PQRSTQUVdaYXiYZObVUQdQlQV]

G3,%03M>6.5015+-5,%1t6+p%>6.6%73,%550-3,%857%>.5,5+-5%03+-.6-3p%,/%83M101713%5+%76%01/868%85%J6+-16_3=%,5%,3M5-5+%6%76%03M>5-5+016%85%,/,%u.1h/+675,%$.81+6.13,%85%I/,-1016(

O

PQRSTQUVvaQ[iYZOVXQRQ[YlSTObSlOdV[PS[QV]

"7%>.5,5+-5%;3+25+13%,5%,/,0.1h5%5+%57%M1,M3%+oM5.3%85%3.1_1+675,%g/5%03..5,>3+85%6%76,1+,-1-/013+5,%1.M6+-5,%857%M1,M3(

%

w

@*9K <$ !*<

9Bu xE(yzs(EEE)y

9"C9"J"!u !u"%G"4 G {@1.M6| !*<}

; 94$ {;6._3| !*<}

9Bu {9/-|@1.M6| !*<}

C"9J$!"9~ {C5.,3+5.16| !*<}

<$K*;*G*$ K3+586%!&z'qsp%J6+-16_3p%95_1:+%K5-.3>371-6+6

@*9K

%

%

%

%

*!Ju*uB;*H!%m"!"@*;* 9* {B+125.,1868%3%%;5+-.3}

Page 42: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

� ! "� !# $%&'�(%)*)#+#,'$!�+-

�'.�'('$!*$!'#/'0*/ "�1231415675618/197:-

,*�0+ ",739;-

� ! "� !-

.'�(+$'�<* ".134;513=78>?3=@=A7-

)+B%,%/%+ ")=31AA=;5-

C%�B*

#

#

#

D

#

E

FGHIJKILMNHOPMGQPGRH

#

STU#,+$&VW '('#7#,;5A?34;#?57#X1Y#6;67:Z1561#637Z=67@7#:7#23141561#314;:?A=[5T

#

\TU#)'('#A;2=7#@1#:7#23141561#314;:?A=[5#7#+]=A=57#@1#.73614#)=31AA=[5#$7A=;57:#(?_@=31AA=[5#@1,1563;4#)127367Z156;#@1#*@Z=5=4637A=[5##C=575Y74##C=4A7:a7T

#

D

bcde���fD��ghcijh���DkDb��lim����

bn��cDbgbonbD�e�l�m���kD���h����

��� ���Dc� �����

�n����n�cDcb�n�cbo

b��D�D�DpmqD�Dr�

JGOLMGstPGuHv�obh�nbDqbo�gnc��D�D� �����D�D�n����n�cDcb�n�cbo

c�ookDp��bo��D�D� �����D�Db�gncn�e�b�n�cDkDwncbcxb�

gb�nbD�o�cbDmno����obD�D� �����D�Dwn��bonb

�wn�ncbD��D�Db����D�y� ���D�Dq���D�Db�gncn�e�b�n�cDkDwncbcxb�

bc����Do�q�xD�D�����������z�{D�Dq����bgbDw�c��jhnq

Page 43: N J K M L K J I H › documentos.anid.cl › fondequip › ... · 2020-04-22 · & + * & ( + 0 2 , 1 $ 0 ( , / 3 $ ! ( ( * # . $ 7 & ! ( # . $ - , + 2 & + , ( - $ / & + * ( 6 5 4

���������� �����

�� ��� �� ������ �������������������� �����

������� �� �!�� ��� � ���"������� �� � #�$ %�� �& ��� � � � � �� '� ()�*))