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Company name

MIBANCO BANCO DE LA MICRO EMPRESA S.A.

Project number

14807-01

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

10/30/2024

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

Projected board date
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01/27/2025

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 $ 50,000,000

Currency

PEN

Project scope and objective

The project consists of a financing to Mibanco (“Mibanco Perú”) composed by: (i) a senior unsecured renewable loan to be financed by IDB Invest for an amount of up to US$50 million equivalent in soles (“PEN”), which will promote the financial inclusion of Micro, Small, and Medium-Sized Enterprises (“MSMEs”) owned by and/or led by women and other vulnerable groups, and (ii) a parallel loan for an amount of up to US$50 million to be financed by a co-lender. The transaction will have a term of up to three years and bullet repayment.

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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.

MIBANCO - SENIOR LOAN SUPPORTING MSMES OWNED BY WOMEN - 14807-01-PE - ENVIRONMENTAL AND SOCIAL REVIEW ESRS

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

relacionesinstitucionales@mibanco.com.pe

PHONE NUMBER

+51-1 513-8000

POST OFFICE ADDRESS

Av Republica de Panama N 4575 Int 301 Surquillo, Lima - Peru

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 .