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Bancamía Pesos

Sector: Financial Institutions • Location: Colombia

Source: Inter-American Development Bank (IADB)

Project
Repaid

The project objective is to provide financing to Bancamía to fund working capital and investment operations to microenterprises in various Colombian economic sectors providing support to the most vulnerable sectors. To achieve this objective, the proposed loan will be for up to US$35 million, equal to approximately COP110.114 billion (using an exchange rate of US$1= COP3,146.14 as of January 24, 2

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Project Information

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The project “Bancamía Pesos” is an infrastructure initiative in the Financial Institutions sector, located in Colombia. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

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repaid

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Description

Description

The project objective is to provide financing to Bancamía to fund working capital and investment operations to microenterprises in various Colombian economic sectors providing support to the most vulnerable sectors. To achieve this objective, the proposed loan will be for up to US$35 million, equal to approximately COP110.114 billion (using an exchange rate of US$1= COP3,146.14 as of January 24, 2019. The peso amount will be determined prior to disbursement) with a term of up to four years. The loan will allow Bancamía to diversify its financing sources and continue the growth of its portfolio in a sector that is strategic for IDB Invest.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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