51903 - DCM Kredit ABS

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Summary of Investment Information

Project Number

51903

Company Name

Kredit Trust

Date SPI Disclosed

Feb 6, 2026

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Mar 20, 2026

Environmental Category

FI-3 - No Impact

Status

Pending Signing

Last Updated Date

Apr 3, 2026

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 2, 2026

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed investment consists of a COP80,000 million own account investment (approximately $22.0 million equivalent) to the first privately placed listed social securitization in Colombia, which will be originated by Kredit Plus S.A.S. (Kredit or the Company). The securitization will have a tenor of ten years and will be issued by a special purpose vehicle (the Issuing Trust). The investment proceeds will be used to support the silver by providing loans to pensioners, 55% of which will be granted to women, in Colombia usually more credit constrained than men (a 6.9pp gap), as previously stated The total transaction size is expected to be COP160,000 million (approximately USD 44.0 million equivalent), comprising IFC’s COP 80,000 million investment, mobilization of up to COP 67,200 million from private investors, and a COP 12,800 million equity tranche to be held by Kredit.

Associated Advisory Engagement

IFC will provide advisory services to strengthen Kredit’s institutional capacity in sustainable finance. The advisory program will include the development and technical support to Kredit in designing a comprehensive sustainability strategy. Advisory elements include development of a sustainability framework consistent with ICMA Social Bond Principles; assistance in establishing data management systems to isolate gender- and age-disaggregated indicators; capacity building on ESG risk management and governance of securitization vehicles; and support in implementing enhanced consumer protection and disclosure standards for pension loan borrowers. The advisory will also help the Company expand financial and non-financial offerings that are tailored for pensioners and launch a pilot program that offers digital and financial education services specifically designed for the silver segment and women pensioners.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	21.80
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Consumer Loans
Straight Senior Loan	Consumer Loans
Straight Senior Loan	Consumer Loans

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

IFC's support will enable: (i) Stakeholder effects–increased access to finance for pensioners, including women: Kredit specializes in payroll-deducted pension loans, a segment underserved by banks due to borrower-age constraints and regulatory capital requirements. The Project will expand affordable, responsible credit for pensioners and senior women, addressing liquidity needs, healthcare expenses, and income smoothing and (ii) Stakeholder effects - Improved accessibility of financial and digital education for pensioners: The project will further support the pensioner borrowers by offering digital and financial education services specifically designed for the silver economy segment. Kredit will be part of a multi-year advisory engagement with IFC, so that pensioner clients can maximize the value received from Kredit's digital finance offering.

IFC's role and contribution through the Project is designed to provide: Financing structure: Provision of local-currency senior tranche (COP-denominated) with extended tenor (=5 years) and fixed rate currently not widely available on the local market. Resource mobilization: IFC will catalyze up to US$18.5 million in senior and mezzanine funding from parallel investors and facilitate the engagement of institutional investors. Knowledge, Innovation, and Capacity Building: IFC will provide advisory services to Kredit to help the client develop a Sustainable Finance strategy, improve its capacity building in the same area and create a value proposition comprising financial and nonfinancial offerings specific to the Silver Economy segment.

Indicator	Metrics	Comments
Delivery of non-financial services: (target group)	individuals
Number of Outstanding Loans, Individuals	number

E&S Category Rationale / Risks and Mitigation

The proposed investment consists of a subscription to the senior Tranche of financing to support silver economy payroll loans for low-income households, including women. The environmental and social risks associated with these lending activities are considered low risk and carry minimal or no adverse environmental and social impacts. Therefore, the project has been categorized as FI-3 in accordance with the IFC’s Sustainability Framework. The Project will not support coal-related activities, or higher risk business activities that may include: a) involuntary resettlement, b) risk of adverse impacts on indigenous peoples, c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage, d) risk of retrenchment or d) significant occupational health and safety risks to employees. Kredit HR policies and practices are consistent with IFC Performance Standard 2 on Labor and Working Conditions and adequate Sexual Exploitation, Abuse, and Harassment protocols. The Bank will also be required to continue meeting basic Life & Fire safety requirements and the requirements of IFC’s Performance Standard 2 on Labor and Working conditions.

Contacts

For Inquiries About the Project, Contact

Kredit Plus S.A.
Jose Ignacio Fernandez Schembri
Financial Planing Manager
+57 3117445901
jfernandez@kredit.com.co
Edificio BC Empresarial Floor 11
www.kredit.com.co

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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