Company name

Banco Compartamos, S.A., I.B.M.

Project number

13133-01

FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.

E&S category
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FI-3

Country

Mexico

Sector

Financial Institutions

Status

Hold

Disclosed date

09/21/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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02/11/2021

Approval date

11/04/2020

Signed date

N/A

Sponsoring entity

N/A

Team leader

Eskildsen Alfaro, Jan Petter

Investment type

Financing requested

N/A

Syndicated amount

USD $ 50,000,000

Financing amount

USD $ 100,000,000

Currency

MXN, USD

Project scope and objective

The proposed financing for Banco Compartamos, S.A., I.B.M. ("Banco Compartamos") amounts to the Mexican peso (“MX$”) equivalent of a maximum of up to US$150 million (US$150,000,000), comprising: (i) a committed tranche (Tranche I) in Mexican pesos for a maximum of US$50 million, with a four-year term and a six-month grace period; (ii) an uncommitted tranche (Tranche II) in Mexican pesos for a maximum of up to US$50 million; and (iii) IDB Invest B Loan in Mexican pesos expected to be for a maximum of up to US$50 million, to be funded through the sale of participations to commercial lenders Tranches I, II and III to comprise what is hereinafter referred to as the "Financing". The Financing resources will help Banco Compartamos grow its productive microfinance portfolio, with a focus on gender finance and sectors affected by the COVID-19 crisis. The project could be complemented with Advisory Services ("AS") focused on increasing client adoption of the digital tools offered by Banco Compartamos.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Enrique Barrera Flores

POSITION

Balance Sheet and Investor Relations Management

PHONE NUMBER

Te

EMAIL

enbarrera@gentera.com.mx

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices