Company name
Caja Municipal de Ahorro y Crédito Cusco S.A.
Project number
15435-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Peru
Sector
Financial Institutions
Status
Proposed
Disclosed date
05/07/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/30/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 20,066,500
Currency
PEN
Project scope and objective
BID Invest states its intention to become a shareholder in Caja Municipal de Ahorro y Crédito Cusco (the “Caja” or “Caja Cusco”), for an amount equivalent in Peruvian soles (“PEN”) of up to ~US$20.6 million (the “Investment” or the “Project”).
The Investment is expected to represent a minimum of 7.5% of the Caja’s total shares. The objective of the Investment is to strengthen the Caja’s capital structure (“Tier I”), which benefits the capital adequacy ratio and supports the continued sustainable growth of the Micro and Small Enterprises (“MSEs”) in Peru.
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Contact information
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Client Contact
PHONE NUMBER
(51) 84606161
POST OFFICE ADDRESS
Av. La Cultura 1624, Wanchaq, Cusco, Peru
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For information requests about the project.
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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. 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.
CMAC CUSCO - EQUITY INVESTMENT - 15435-01-PE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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