CMAC Huancayo
Sector: Government • Location: Peru
Source: Inter-American Development Bank (IADB)
The project consists of a subordinate (tier 2) loan for up to the PEN equivalent of US$22.8 million granted to the Caja Municipal de Ahorro y Crédito de Huancayo S.A. (“Caja Huancayo”), convertible to common shares with voting rights for up to 8.99% of equity. The objective is to support the growth and consolidation of Caja Huancayo in the Peruvian microfinance industry. This would be the first ID
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | in implementation |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The project consists of a subordinate (tier 2) loan for up to the PEN equivalent of US$22.8 million granted to the Caja Municipal de Ahorro y Crédito de Huancayo S.A. (“Caja Huancayo”), convertible to common shares with voting rights for up to 8.99% of equity. The objective is to support the growth and consolidation of Caja Huancayo in the Peruvian microfinance industry. This would be the first IDB Invest transaction with Caja Huancayo, which could become the first IDB Invest equity investment in a municipal entity.Updated project scope and objective:The project became a capital investment for up to the PEN 61.16 million (aprox. US$16 million) granted to the Caja Municipal de Ahorro y Crédito de Huancayo S.A. (“Caja Huancayo”), convertible to common shares with voting rights in November 2024. The objective is to support the growth and consolidation of Caja Huancayo in the Peruvian microfinance industry. This would be the first equity investment in a municipal entity (Caja Municipal de Ahorro y Crédito) in Peru. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |