Caja 18 Loan

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 The proposed investment (The Project) consists of a 4-year with a 2-year grace period senior loan of up to US$45 million to Caja de Compensación de Asignacion Familiar 18 De Septiembre (Caja 18 or the Company) to expand the Company’s social credit portfolio, including: (i) retirees; and (ii) women workers. The financial package includes an up to US$10 million A loan and an up to US$35 million mobilization, which includes US$30 million syndicated B-loan and US$5 million senior loan from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (MCPP). The Project is in line with IFC’s strategic goal of ensuring financial and social inclusion, as well as with the WBG Gender Strategy of removing barriers to women’s ownership and control of assets.