The project consists of providing support to Finanzauto S.A. BIC through a syndicated senior loan for a total amount of up to US$60 million, comprised of: (i) a senior A loan for an amount in COP for the equivalent of up to US$25 million financed by IDB Invest; and (ii) a senior B loan for an amount of up to US$35 million to be financed through the sale of shares to private banks. The loan will have a term of up to five years. The loan proceeds will be used to support the growth of the loan portfolio in: (i) micro, small and medium-sized enterprises in various economic sectors that acquire a vehicle as a productive asset to develop their economic activity; and (ii) the credit portfolio to finance electric and plug-in hybrid vehicles.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||FINANZAUTO S.A. BIC||Undisclosed||-|
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
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).