PROJECT

Projects

Summary of Investment Information

Project Number

47527

Company Name

CAJA DE COMPENSACION DE ASIGNACION FAMILIAR LOS HEROES

Date SPI Disclosed

May 12, 2023

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Jun 12, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Oct 18, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 2, 2023
Signed : Sep 26, 2023
Invested : Oct 16, 2023

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed investment (“The Project”) consists of a 5-year loan of up to US$60 million to Caja de Compensacion de Asignacion Familiar Los Heroes (“Caja Los Heroes”, “Los Heroes” or the “Company”) to expand the Company’s women social credit portfolio, consisting of retirees and low-income workers. The financial package comprises an up to US$35 million A loan, out of which US$30 million will be processed in local currency (CLP) and the remaining US$5 million in USD, and an up to US$25 million B Loan which will be fully processed in USD.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation