PROJECT

Projects

Summary of Investment Information

Project Number

46162

Company Name

MIBANCO, BANCO DE LA MICROEMPRESA S.A.

Date SPI Disclosed

Apr 28, 2022

Country

Peru

Region

Latin America and the Caribbean

Projected Board Date

May 31, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jul 8, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : May 31, 2022
Signed : Jun 29, 2022
Invested : Jul 5, 2022

Sector

Commercial Banking - Microfinance

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of a senior loan to Mibanco, Banco de la Microempresa S.A. (“Mibanco” or the “Bank”). The purpose of the investment is to diversify Mibanco’s funding base to support its lending portfolio to both formal and informal women-owned small and medium enterprises (WSMEs) (the “Project”).

 

Associated Advisory Engagement

The Project will be complemented by an Advisory Services engagement to promote gender inclusion more actively within the Bank’s SME loan portfolio.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation