Company name
Banco Compartamos, S.A., I.B.M.
Project number
13133-01
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
Mexico
Sector
Financial Institutions
Status
In implementation
Disclosed date
09/21/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/16/2021
Approval date
12/16/2021
Signed date
04/29/2022
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 50,000,000
Financing amount
USD $ 50,000,000
Currency
MXN
Project scope and objective
The proposed financing for Banco Compartamos, S.A., I.B.M. ("Banco Compartamos") contemplates a senior unsecured loan for an amount to be denominated in MXN of up to the equivalent of US$50 million (the “Project” or the “Financing”) with an up to four-year tenor and a one-year grace period. This financing will be funded as follows: (i) an amount to be denominated in MXN for up to the equivalent of US$17.5 million to be funded by IDB Invest; and (ii) an amount to be denominated in MXN for up to the equivalent of US$32.5 million to be funded by the IDB. The Financing resources will help Banco Compartamos grow its productive microfinance portfolio towards Micro and Small Enterprises (“MSEs”), with a focus on gender finance. The project could be complemented with Advisory Services ("AS") focused on increasing the adoption and use of the digital tools and solutions to its clients.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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