Mutual Cartago de Ahorro y Préstamo (MUCAP)
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 $ 3,000,000
Project scope and objective
Founded in September 1970 in the province of Cartago, MUCAP is well established in Costa Rica’s financial system. MUCAP is now the second largest mutual savings bank in Costa Rica. As a company authorized by the Banco Hipotecario de Vivienda, MUCAP is overseen by the regulatory bodies of the Costa Rican financial market.
MUCAP has 33 locations in seven provinces and offers its clients an extensive portfolio of products including loans to purchase, build, or repair homes, loans to small and medium-sized enterprises, and consumer loans. The company also offers its clients attractive savings and investment products.
The goal of this IIC operation is to provide long-term financing to MUCAP so that, in turn, it can provide financing for low-income housing and to micro, small, and medium-sized enterprises throughout Costa Rica.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005