PROJECT

Projects

Summary of Investment Information

Project Number

32770

Company Name

Compartamos, S.A.

Date SPI Disclosed

Feb 27, 2013

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Mar 29, 2013

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : May 10, 2013
Signed : May 30, 2013
Invested : Jul 14, 2014

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed investment consists of a 5-year local currency Parallel Loan for up to US$15 million (US$7.5 million from IFC’s own account) to support Compartamos S.A. ("Compartamos GT" or the “Company”) in growing its loan portfolio in Guatemala. Proceeds from the credit line will be utilized by Compartamos GT to increase and diversify its funding base - currently a greenfield purely funded by equity - by obtaining medium-term funding for on lending to small and micro enterprises in Guatemala.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation