PROJECT

Projects

Summary of Investment Information

Project Number

47166

Company Name

BANCO MUNDO MUJER SA

Date SPI Disclosed

Mar 1, 2023

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Mar 31, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jun 9, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 13, 2023
Signed : Mar 21, 2024
Invested : Jun 7, 2024

Sector

Commercial Banking - Microfinance

Project Description

The Project consists of a 3-year local currency-linked senior loan of up to COP120 billion (~US$25 million) to Banco Mundo Mujer S.A (BMM or the Bank) for on-lending to microfinance clients, including at least 25% of the proceeds for women-led enterprises. The Project is in line with IFC’s strategic goal of closing the micro small and medium-enterprise (MSME) finance gap, to foster employment and economic growth. IFC’s support to BBM is expected to continue promoting lending to underserved segments.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation