Banco Mundo Mujer: Productive Financing for Microentrepreneurs in Colombia (IDBI-CO-L1158)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
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
Nov 5, 2018
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.
Borrower
Banco Mundo Mujer
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
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.
Project Cost (USD)
$ 20.00 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 @ IDBI website

Updated in EWS Nov 23, 2018


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Project Description

The objective of the Project is to provide financing to microentrepreneurs located in municipal capitals, rural areas and urban areas of Colombia. To achieve this objective, the proposal is to grant a loan of up to US$20 million equal to about COP58.616 billion with a three-year term and a grace period of up to one year. This will allow Banco Mundo Mujer ("BMM") to diversify its sources of financing and continue the growth of its portfolio in a strategic sector for IDB Invest.

Investment Description
  • IDB Invest
Private Actors
Contact Information

Name of Client Contact: Monica Santana Rincon
Position: Marketing and Client Service Manager
Tel: (+572 8) 399900 ext. 1090
E-mail:
monica.santana@bmm.com.co

For queries regarding projects, including environmental and social issues related to an IDB Invest investment, please contact the client using the information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org, or calling +1(202)623-3952.