Original disclosure @ IFC website
Updated in EWS Mar 10, 2023
Disclosed by Bank Mar 1, 2023
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The Project consists of a 3-year local currency-linked senior loan of up to COP120 billion (~US$25 million) to Banco Mundo Mujer S.A (BMM or the Bank) for on-lending to microfinance clients, including at least 25% of the proceeds for women-led enterprises. The Project is in line with IFC’s strategic goal of closing the micro small and medium-enterprise (MSME) finance gap, to foster employment and economic growth. IFC’s support to BBM is expected to continue promoting lending to underserved segments.
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