Banco Compartamos - Financial Inclusion Partnership (IDBI-13133-01)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 4, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Compartamos, S.A., I.B.M.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Sep 28, 2020

Disclosed by Bank Sep 21, 2020


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Project Description

The proposed financing for Banco Compartamos, S.A., I.B.M. ("Banco Compartamos") amounts to the Mexican peso ("MX$") equivalent of a maximum of up to US$150 million (US$150,000,000), comprising: (i) a committed tranche (Tranche I) in Mexican pesos for a maximum of US$50 million, with a four-year term and a six-month grace period; (ii) an uncommitted tranche (Tranche II) in Mexican pesos for a maximum of up to US$50 million; and (iii) IDB Invest B Loan in Mexican pesos expected to be for a maximum of up to US$50 million, to be funded through the sale of participations to commercial lenders Tranches I, II and III to comprise what is hereinafter referred to as the "Financing".

The Financing resources will help Banco Compartamos grow its productive microfinance portfolio, with a focus on gender finance and sectors affected by the COVID-19 crisis. The project could be complemented with Advisory Services focused on increasing client adoption of the digital tools offered by Banco Compartamos.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

Name: Enrique Barrera Flores
Title: Balance Sheet and Investor Relations Management
Telephone: Tel. 52 (55) 5276-7379
Email: enbarrera@gentera.com.mx

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).