Company name
KREDIT PLUS SA
Project number
15550-01
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
FI-3
Country
Colombia
Sector
Financial Institutions
Status
Proposed
Disclosed date
08/24/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/28/2026
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 $ 30,564,500
Currency
COP
Project scope and objective
The project consists of IDB Invest’s subscription to an Asset-Backed Securities (“ABS”) program backed by payroll-deducted loan receivables originated by Kredit Plus S.A.S. (“Kredit Plus”). The securities will be issued through a public offering in Colombia’s Second Market (Segundo Mercado) for a total amount of up to the Colombian Peso (“COP”) equivalent of US$60 million, structured in two issuances as follows: (i) a committed tranche I for an amount of up to the COP equivalent of US$15 million; (ii) an uncommitted tranche II for an amount of up to the COP equivalent of US$15 million, tranches I and II will be subscribed by IDB Invest as anchor investor; and (iii) up to the COP equivalent of US$15 million in each issuance will be subscribed by Kredit Plus and other investors, for a total of up to the COP equivalent of US$30 million.
The proceeds of the securitization will be used to support the origination of loans for senior citizens population in Colombia.
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Contact information
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Client Contact
PHONE NUMBER
+573117445901
POST OFFICE ADDRESS
Carrera 24# 1ª -24, Barranquilla, Colombia
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.
Request informationLearn 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.
KREDIT SECURITIZATION SENIOR CITIZENS - 15550-01 CO - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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