PROJECT

Projects

Summary of Investment Information

Project Number

35730

Company Name

BANCO DE LAS MICROFINANZAS BANCAMIA S A

Date SPI Disclosed

Nov 3, 2014

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Dec 3, 2014

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 1, 2023

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Dec 15, 2014
Signed : Dec 22, 2014
Invested : Dec 30, 2014

Sector

Commercial Banking - Microfinance

Project Description

IFC’s proposed project consists of a bond investment of up to COP100,000 million in Bancamia (the “Bank”) to support the growth of the Bank’s microenterprise loan portfolio in rural areas of Colombia. Bancamia started operating as a bank in 2008 and is currently Colombia’s largest private microfinance institution.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation