PROJECT

Projects

Summary of Investment Information

Project Number

37072

Company Name

BANCO DE LAS MICROFINANZAS BANCAMIA S A

Date SPI Disclosed

Nov 4, 2015

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Dec 7, 2015

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 9, 2015
Signed : Jan 12, 2016
Invested : Feb 25, 2016

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed IFC investment consists of subscribing senior bonds or extending a senior loan to Bancamia (the “Bank”) for up to US$20 million, 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.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation