PROJECT

Projects

Summary of Investment Information

Project Number

32254

Company Name

Empresa Financiera Edyficar S.A

Date SPI Disclosed

Apr 19, 2013

Country

Peru

Region

Latin America and the Caribbean

Projected Board Date

May 20, 2013

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 20, 2013
Signed : Nov 5, 2013
Invested : Nov 14, 2013

Sector

Commercial Banking - Microfinance

Project Description

The proposed transaction aims to support Financiera Edyficar (“Edyficar”), a microfinance provider in Peru, through a senior loan, which would facilitate resources for the Company’s microfinance portfolio expansion in rural regions of Peru. In addition, the Project would support the growth strategy of a key player in the microfinance sector with strong demonstration effect in Peru.

The Project would aim to achieve various objectives: (i) provide funding for Edyficar’s microfinance rural portfolio growth; (ii) diversify the Company’s funding sources by making available funding from an international financial institution; and (iii) enable the Company to reduce its foreign exchange mismatch by providing local currency financing.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation