PROJECT

Projects

Summary of Investment Information

Project Number

43524

Company Name

Caja Municipal de Ahorro y Credito de Arequipa S.A.

Date SPI Disclosed

Dec 10, 2021

Country

Peru

Region

Latin America and the Caribbean

Projected Board Date

Feb 14, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 8, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 7, 2022
Signed : Sep 28, 2022
Invested : Oct 6, 2022

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed Project consists of an up to US$50 million subordinated loan to Caja Municipal de Ahorro y Crédito de Arequipa S.A. (“Caja Arequipa” or the “Caja”). Through this project, IFC will support the strengthening of the Cajas’ capital to support loan growth for Peruvian micro small and medium-sized enterprises (MSMEs) and women owned MSMEs. 

                                                                                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation