Acceso Credito I (IFC-37768)

  • Peru
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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.
Voting Date
Jun 5, 2017
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.
The holder of the loan, grant, or other investment.
  • Finance
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.
Investment Amount (USD)
$ 20.00 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 @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank May 23, 2017

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Project Description
The IFC is considering financing to Edpyme Acceso Crediticio S.A. to support the Company as it continues serving and growing its existing client base of over 23,000 microfinance clients, particularly transport micro-entrepreneurs. Acceso is a regulated non-bank financial institution engaged in financing transport micro-entrepreneurs which are part of the low and middle income segments of the population and are mainly unbanked or excluded from the system.
People Affected By This Project
The project will support to improve access to finance for MSME's in Peru, particularly those in the transport sector, therefore supporting MSMEs and employment generation and so helping address the inequality that exists within the different segments of society. Furthermore, the project will support the reduction of greenhouse gas emissions by supporting the financing of natural gas vehicles.
Investment Description
Acceso is sponsored by Kandeo II, L.L.C. (the “Fund”), Mr. Jose Luis Hidalgo, Mr. Sergio Valencoso, and Mr. Franjo Kurtovic. The Fund is managed by Kandeo, a fund manager focused on investing in companies servicing MSMEs and the base of the pyramid population in Colombia, Peru and Mexico. Kandeo currently has US$377 million in assets under management. Mr. Hidalgo, Mr. Valencoso, Mr. Kurtovic, and Mr. Luis Ivandic are the founding partners of Acceso. IFC is considering up to US$20 million senior loan equivalent in Peruvian Soles to Edpyme Acceso Crediticio S.A. The loan proceeds will be used for financing Natural Gas Vehicles to transport MSMEs.

Contact Information
Edpyme Acceso Crediticio S.A. Juan Carlos Herkrath Sanclemente Chief Financial Officer + (511) 605 5555 Ext. 1307 Avenida Canaval Moreyra 452, Piso 3. San Isidro, Lima, Peru ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at