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
FI-3
Country
Peru
Sector
Financial Institutions
Status
In implementation
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
08/04/2021
Approval date
08/04/2021
Signed date
11/26/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
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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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
jvargas@cmac-cusco.com.pe
PHONE NUMBER
+51 84 606161
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Early disclosure
ESRS CAJA CUSCO ENG
184.3 Kb