Company name
MIBANCO BANCO DE LA MICRO EMPRESA S.A.
Project number
14807-01
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
Proposed
Disclosed date
10/30/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
01/27/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
PEN
Project scope and objective
The project consists of a financing to Mibanco (“Mibanco Perú”) composed by: (i) a senior unsecured renewable loan to be financed by IDB Invest for an amount of up to US$50 million equivalent in soles (“PEN”), which will promote the financial inclusion of Micro, Small, and Medium-Sized Enterprises (“MSMEs”) owned by and/or led by women and other vulnerable groups, and (ii) a parallel loan for an amount of up to US$50 million to be financed by a co-lender. The transaction will have a term of up to three years and bullet repayment.
For inquiries, comments and information requests about the project
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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
relacionesinstitucionales@mibanco.com.pe
PHONE NUMBER
+51-1 513-8000
POST OFFICE ADDRESS
Av Republica de Panama N 4575 Int 301 Surquillo, Lima - Peru
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.
MIBANCO - SENIOR LOAN SUPPORTING MSMES OWNED BY WOMEN - 14807-01-PE - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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