PROJECT

Projects

Summary of Investment Information

Project Number

47492

Company Name

FONDO ESPERANZA SPA

Date SPI Disclosed

Sep 15, 2023

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Oct 16, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 1, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Sep 13, 2023
Signed : Apr 8, 2024
Invested : Apr 29, 2024

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed investment consists of a 2-year senior loan of up to US$10 million to Fondo Esperanza SPA (FE or the Company) to support its lending portfolio to women-owned micro enterprises (WMEs) with 5% of the funds specifically allocated to WMEs owned by low-income migrants and refugees in Chile (the Project).

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation