Company name

Banco Mundo Mujer S.A.

Project number

13158-01

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

Colombia

Sector

Financial Institutions

Status

Approved

Disclosed date

06/25/2021

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

Projected board date
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08/05/2021

Approval date

08/05/2021

Signed date

08/27/2021

Sponsoring entity

N/A

Team leader

Reyes Correa, Sandra

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 30,000,000

Currency

COP

Project scope and objective

The proposed transaction involves a COP-denominated unsecured senior A loan worth the equivalent of up to US$30 million to Banco Mundo Mujer (“BMM”), an institution specialized in microfinance in Colombia. The transaction will allow BMM to finance micro and small companies in municipalities, rural and urban areas in Colombia, with a focus on women-led microbusinesses. The loan tenor is of up to five years, including a maximum of 12 months of grace.

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Early disclosure

ESRS BANCO MUNDO MUJER ENG

133.1 Kb

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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

Edgar González

POSITION

CFO

PHONE NUMBER

(572) 8399900 - 8339494

EMAIL

edgar.gonzalez@bmm.com.co

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