CAJA MUNICIPAL DE AHORRO Y CRÉDITO DE AREQUIPA S.A.
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
USD $ 20,000,000
USD $ 30,000,000
Project scope and objective
The Project consists in granting Caja Municipal de Ahorro y Crédito de Arequipa S.A. (“Caja Arequipa” or the “Caja”) a senior renewable loan of up to an amount in Peruvian Soles (“PEN”) equivalent to US$50 million, broken down as follows: (i) A Loan from IDB Invest in the amount of up to US$30 million; and (ii) B Loan in the amount of up to US$20 million. The tenor of the line is of up to six years with two disbursements per loan, each with a tenor of up to three years.
The funds will be earmarked to support the growth of the Micro- and Small-Sized Enterprises (“MSEs”) portfolio led and/or owned by women and other vulnerable groups. In addition, the financing is expected to be paired with technical advisory services defined jointly with the Caja enabling strengthening its sustainability strategy.
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IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005