PROJECT

Projects

Summary of Proposed Investment

Project Number

26519

Company Name

La Hipotecaria (Holding) Inc

Date SPI Disclosed

Aug 27, 2008

Country

Latin America and the Caribbean Region

Industry

Financial Markets

Projected Board Date

Sep 30, 2008

Status

Completed

Sector

Primary Mortgage Institutions

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Oct 22, 2009
Signed : Oct 23, 2009
Invested : Dec 17, 2009

Project Description

The project consists of a U.S. dollar-denominated revolving warehouse credit line of $30 million to the three operating companies under La Hipotecaria Holding (LH or the company) to support the continuous development of its low- to mid-income housing finance operations in Panama and El Salvador and to facilitate the ramp-up of its new operations in Colombia by replicating its tested and successful business model in Panama and El Salvador. LH is an existing client in El Salvador and Panama.

Sponsor / Cost / Location

Development Impact