Company name

Caja Municipal de Ahorro y Crédito Cusco S.A

Project number

13025-01

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

Peru

Sector

Financial Institutions

Status

Proposed

Disclosed date

07/01/2021

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

Projected board date
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08/04/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Echeverri, Ana Rosa

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 25,000,000

Currency

PEN

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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Early disclosure

ESRS CAJA CUSCO ENG

184.3 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

Juvenal Vargas

POSITION

Financial Manager

PHONE NUMBER

+51 84 606161

EMAIL

jvargas@cmac-cusco.com.pe

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