Caja Municipal de Ahorro y Crédito Cusco 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
Vega Montoro, Henry
USD $ 25,000,000
Project scope and objective
IDB Invest seeks to support Caja Municipal de Ahorro y Crédito Cusco S.A (“Caja Cusco”) with a subordinate loan worth the equivalent of US$25 million in Peruvian soles (“PEN”), with a 10-year tenor and five years of grace, and unsecured, under Peruvian regulations applicable to subordinated debt (the “Project”). The Project is aimed at contributing to strengthen the Institution’s capital to assist financially micro and small companies affected by COVID-19. Additionally, the Project will seek to enhance the agricultural portfolio growth to finance ethnic minorities in order to improve their access to this type of financial services and to make this product accessible in other regions of Peru.
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+51 84 606161
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005