Original disclosure @ IFC website
Updated in EWS May 6, 2022
Disclosed by Bank Dec 10, 2021
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The proposed Project consists of an up to US$50 million subordinated loan to Caja Municipal de Ahorro y Crédito de Arequipa S.A. (“Caja Arequipa” or the “Caja”). Through this project, IFC will support the strengthening of the Cajas’ capital to support loan growth for Peruvian micro small and medium-sized enterprises (MSMEs) and women owned MSMEs.
By supporting Caja Arequipa to finance MSMEs, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities.
The proposed investment consists of a subordinated financing package of up to US$50 million to Caja Arequipa. The financing package will be comprised of: (i) an up to US$30 million C-loan, (ii) and up to US$20 million B1-loan or Parallel loan.
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