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Contactar Loan

Sector: Raw Materials • Location: Colombia

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment in Corporación de Crédito Contactar (Contactar or the Company) consists of: (i) an up to five-year senior loan of up to US$15  million to be provided in the Colombian peso equivalent for IFC’s own account, and (ii) up to five-years parallel loans of up to US$25 million to be provided in the Colombian peso equivalent, to be mobilized by IFC on a best-efforst basis. The purpo

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The project “Contactar Loan” is an infrastructure initiative in the Raw Materials sector, located in Colombia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

The proposed investment in Corporación de Crédito Contactar (Contactar or the Company) consists of: (i) an up to five-year senior loan of up to US$15  million to be provided in the Colombian peso equivalent for IFC’s own account, and (ii) up to five-years parallel loans of up to US$25 million to be provided in the Colombian peso equivalent, to be mobilized by IFC on a best-efforst basis. The purpose of the proposed investment is to support the Company’s lending program to microenterprises in Colombia with a focus on rural areas and frontier regions (the Project). Under the Project, IFC would be supporting a midsize non-deposit-taking microfinance institution (MFI) to reach underserved microenterprises.                                                  

Original sub-sector

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Original Currency

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Original budget

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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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Article Published Date

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