Compartamos Loan
Sector: Residential • Location: Mexico
Source: International Finance Corporation (IFC)
The proposed investment in Banco Compartamos, S.A. de C.V.’s (“Compartamos”, or the “Bank”) fits well with IFC’s industry strategy to support locally-based microfinance companies that have a developmental focus. The proposed investment will be in the form of a 5-year Parallel Loan for up to MXN400 million ($32 million equivalent) to support the Bank’s loan portfolio growth.
The proceeds from th
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
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 proposed investment in Banco Compartamos, S.A. de C.V.’s (“Compartamos”, or the “Bank”) fits well with IFC’s industry strategy to support locally-based microfinance companies that have a developmental focus. The proposed investment will be in the form of a 5-year Parallel Loan for up to MXN400 million ($32 million equivalent) to support the Bank’s loan portfolio growth. The proceeds from the credit line will be used by Compartamos to increase and diversify its funding base by obtaining medium-term funding for on lending to small and micro enterprises in Mexico. The project represents an opportunity for IFC to support a long-standing partner in expanding its operations and overcoming the current liquidity conditions in the sector. At the same time, IFC would be mobilizing funds from a Mexican commercial lender willing to participate under similar conditions. |
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 |