Company name
CAJA MUNICIPAL DE AHORRO Y CRÉDITO DE AREQUIPA S.A.
Project number
14728-01
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
09/29/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/01/2023
Approval date
12/01/2023
Signed date
12/07/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 20,000,000
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The Project consists in granting Caja Municipal de Ahorro y Crédito de Arequipa S.A. (“Caja Arequipa” or the “Caja”) a senior renewable loan of up to an amount in Peruvian Soles (“PEN”) equivalent to US$50 million, broken down as follows: (i) A Loan from IDB Invest in the amount of up to US$30 million; and (ii) B Loan in the amount of up to US$20 million. The tenor of the line is of up to six years with two disbursements per loan, each with a tenor of up to three years.
The funds will be earmarked to support the growth of the Micro- and Small-Sized Enterprises (“MSEs”) portfolio led and/or owned by women and other vulnerable groups. In addition, the financing is expected to be paired with technical advisory services defined jointly with the Caja enabling strengthening its sustainability strategy.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
ganazgo@cajaarequipa.pe
PHONE NUMBER
+992757632
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 .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
GENDER AND INCLUSION FINANCING WITH CAJA AREQUIPA 14728-01 – PERU ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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