WASHINGTON – IDB Invest has approved a senior loan of up to 180 billion COP ($48.8 million) to Banco Mundo Mujer to boost access to financing for microenterprises in Colombia, including women-owned or women-led businesses.

This operation will help reduce financial inclusion gaps in the country and promote sustainable economic development that benefits thousands of entrepreneurs and families nationwide.

The loan is divided into a committed tranche of up to 120 billion COP and an uncommitted tranche of up to 60 billion COP.

Banco Mundo Mujer is a strategic partner for promoting microcredit in Colombia, serving over 777,000 customers via 187 branches in 22 regions of the country. It will use IDB Invest financing to strengthen its microloan portfolio and expand coverage for vulnerable populations, thereby driving job creation.

In addition to the loan, IDB Invest will provide technical assistance to develop and strengthen a value proposition focused on the silver economy. This technical advice will sharpen Banco Mundo Mujer’s strategy in priority market segments by improving the design of its products, processes, and customer service channels. 

This operation reaffirms IDB Invest’s commitment to financial health and sustainable development in Colombia.

About IDB Invest 
 

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website www.idbinvest.org/en.

About Banco Mundo Mujer
 

Banco Mundo Mujer is a microfinance institution supervised by Colombia’s Superintendence of Finance, with headquarters in Popayán, Cauca. It is committed to responsible financial inclusion and has over 40 years of experience in microfinance (30 as a foundation and 11 as a bank). Through its 3 trillion COP loan portfolio, it primarily serves communities that traditionally have faced barriers to accessing the financial system. It has 187 branches across 22 municipalities and 777,043 customers, over half of whom are women.
Learn more at: www.bmm.com.co