• Peru
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Edpyme Acceso Crediticio S.A.
The holder of the loan, grant, or other investment.
  • Finance
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 63.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 15, 2020

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Project Description

Expansion of vehicle financing portfolio for micro, small and medium-size enterprise clients. The Project involves the expansion of an existing car loan business targeting lower income communities. The Project involves loans, for the purchase of motorcycles and other vehicles, to individuals and micro-entrepreneurs in Peru. 

Early Warning System Project Analysis

This Project is expected to have a positive developmental impact by expanding the availability of credit to micro-, smalland medium-size enterprises in Peru. Most of the financed vehicles will serve as the primary income-generating assets for micro and small enterprises, typically taxi drivers. According to The World Bank, only eight percent of individuals in Peru borrowed from a financial institution in 2017 to start, operate, or expand a business.

People Affected By This Project

Environmental, health, and safety impacts are minimal and will be managed by the Borrower in a manner consistent with the International Finance Corporation’s PerformanceStandards (2012). The Borrower has developed policies and procedures that address environmental risks associated with its financing activities.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Borrower is Kandeo Fund II (Peru), a Qualifying Investment Fund for OPIC as the fund’s General Partner. US sponsor for the project is Kandeo Investment
Advisors Peru SAC, owned 99.9% by Eduardo Michelsen Delgado, a U.S. citizen

Contact Information

Not available