Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$100,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 18, 2024
Project Estimated Start Date
Feb 1, 2022
Project Estimated End Date
Dec 31, 2023
Project Description
The project will support Financiera Confianza, a regulated finance company focused on the micro and small enterprise market in Peru, to develop and pilot a value proposition to the migrants and refugees’ entrepreneurs that are established and have a legal/regularized status in the country.
Development Results
The overall project objective is to provide access to financial and non-financial solutions to migrants’ and refugees’ legally established in the country by supporting Financiera Confianza, a leading regulated microfinance entity in Peru, in the development and piloting of a value proposition towards these populations, with a particular focus on women entrepreneurs.
Indicator
Cumulative
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
4
Number of entities receiving advisory services
1
Number of new financial products launched
0
Number of participants in workshops, training events, seminars, conferences, etc.
81
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
13
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
6
Number of workshops, training events, seminars, conferences, etc.
4
Number of new financial products designed
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life cycle of the project.
Given that the project's scope involves the deployment of new technologies to facilitate the delivery of financial services, it is not expected that this will have an impact on Environmental and social risks. That said, the team will evaluate and mitigate any Environmental and social risks associated with each individual sub-project mapped to this program.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.