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
tooltip

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
tooltip

12/16/2021

Approval date

12/16/2021

Signed date

04/29/2022

Sponsoring entity

N/A

Team leader

Eskildsen Alfaro, Jan Petter

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.

For inquiries, comments and information requests about the project

Request information

Learn 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.

ENVIRONMENTAL AND SOCIAL REVIEW

32.9 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Enrique Barrera Flores

POSITION

Balance Sheet and Investor Relations Management

PHONE NUMBER

Te

EMAIL

enbarrera@gentera.com.mx

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices