Banco Mundo Mujer S.A.
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
Reyes Correa, Sandra
USD $ 28,954,900
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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