Acceso Credito I (IFC-37768)

  • Peru
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 5, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a 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
Here you can find a list of individual development financial institutions that finance the project.
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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
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

How it works

How it works