Company name
Banco de las Microfinanzas S.A.
Project number
15692-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Colombia
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/14/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/14/2025
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 $ 20,377,900
Currency
COP
Project scope and objective
The project involves supporting Banco de las Microfinanzas S.A. (“Bancamia” or the “Bank”) in the first issuance of an Amazonia Bond, senior, unsecured, denominated in Colombian Pesos (“COP”), to be placed in Colombia’s secondary market. The total expected issuance amount is up to COP80,000 million, to be subscribed by IDB Invest. The bond could have a maturity of up to four years, with bullet payment. The use of proceeds from the bond will follow the eligibility criteria defined in the Amazonia Bond Framework, which is aligned with the Green, Social, and Sustainability Bond Principles established by the International Capital Market Association (“ICMA”). It will also adhere to the voluntary guidelines outlined in the “Amazonia Bond Issuance Guidelines” developed by the Inter‑American Development Bank (“IDB”) and the World Bank and will be verified through a Second Party Opinion (“SPO”).
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Contact information
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Client Contact
PHONE NUMBER
+57(601)3139300 Ext: 126
POST OFFICE ADDRESS
Carrera 9 # 66 – 25, Bogotá - Colombia
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals 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.
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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.
BANCAMIA AMAZONIA BOND 15692-01 CO ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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