Company name

N/A

Project number

CO-L1158

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
tooltip

FI-3

Country

Colombia

Sector

Financial Institutions

Status

Completed

Disclosed date

09/21/2018

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

Projected board date
tooltip

11/05/2018

Approval date

11/01/2018

Signed date

11/30/2018

Sponsoring entity

N/A

Team leader

Acuna Cubillos, Piedad Lucia

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

COP

Project scope and objective

The objective of the Project is to provide financing to microentrepreneurs located in municipal capitals, rural areas and urban areas of Colombia. To achieve this objective, the proposal is to grant a loan of up to US$20 million equal to about COP58.616 billion with a three-year term and a grace period of up to one year. This will allow Banco Mundo Mujer ("BMM") to diversify its sources of financing and continue the growth of its portfolio in a strategic sector for IDB Invest.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ENVIRONMENTAL AND SOCIAL REVIEW

44.6 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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

Mónica Santana Rincón

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

monica.santana@bmm.com.co

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

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.