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Company name

COMPARTAMOS FINANCIERA S.A. PERU

Project number

14920-01

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

Peru

Sector

Financial Institutions

Status

Proposed

Disclosed date

07/25/2024

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

Projected board date
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10/25/2024

Approval date

09/11/2024

Signed date

10/11/2024

Sponsoring entity

N/A

Investment Operations Department Contact

Financial Institutions Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

PEN

Project scope and objective

The project consists of providing support to Compartamos Financiera S.A. (“Compartamos” or the “Financial Institution”), in the issuance of its first program of senior social bonds. The total amount of the issuance will be in Soles (“PEN”) up to an equivalent of US$40 million, composed as follows: (i) an investment by IDB Invest for an amount of up to US$20 million; and (ii) an amount mobilized with another co-investor of up to US$20 million. The transaction will have a term of up to three years and amortization with payment at maturity (bullet).

The financing aims to expand the Micro and Small Enterprises´ portfolio (“MSEs”) and MSEs led and/or owned by women; and other vulnerable groups. 

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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.

COMPARTAMOS SOCIAL BONDS -14920-01- PE - ENVIRONMENTAL AND SOCIAL REVIEW ESRS

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

csanguineti@compartamos.pe

PHONE NUMBER

+51-1-313500

POST OFFICE ADDRESS

Av. Paseo de la República 5895, Piso 13 - Miraflores / Lima, Perú

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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