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.
Name: Enrique Barrera Flores
Title: Balance Sheet and Investor Relations Management
Telephone: Tel. 52 (55) 5276-7379
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).