Banco Compartamos, S.A., I.B.M.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 50,000,000
USD $ 50,000,000
Project scope and objective
The proposed financing for Banco Compartamos, S.A., I.B.M. ("Banco Compartamos") contemplates a senior unsecured loan for an amount to be denominated in MXN of up to the equivalent of US$50 million (the “Project” or the “Financing”) with an up to four-year tenor and a one-year grace period. This financing will be funded as follows: (i) an amount to be denominated in MXN for up to the equivalent of US$17.5 million to be funded by IDB Invest; and (ii) an amount to be denominated in MXN for up to the equivalent of US$32.5 million to be funded by the IDB. The Financing resources will help Banco Compartamos grow its productive microfinance portfolio towards Micro and Small Enterprises (“MSEs”), with a focus on gender finance. The project could be complemented with Advisory Services ("AS") focused on increasing the adoption and use of the digital tools and solutions to its clients.
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POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005