PROJECT

Projects

Summary of Investment Information

Project Number

39578

Company Name

FUNDACION GENESIS EMPRESARIAL

Date SPI Disclosed

Nov 22, 2017

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Dec 25, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Oct 19, 2024

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Jan 4, 2018
Signed : May 11, 2018
Invested : Sep 4, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The project consists of two 3-year senior unsecured loans to  Fundación Génesis Empresarial  (“Genesis” or the “Company”), the largest microfinance institution (“MFI”) in Guatemala. The proceeds will finance the growth of Genesis’s micro and small loan portfolio (the “Project”). 

 

Associated Advisory Engagement

 At this time, no additional Advisory Services from IFC have been confirmed. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation