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Credivalores

Sector: Power Transmission • Location: Colombia

Source: International Finance Corporation (IFC)

Project
Completed

The purpose of this project is to increase the access to finance to the lower segment of the population in Colombia by supporting Credivalores-Crediservicios S.A.S (“CV”, the "Company" or "Credivalores"), a non-banking financial institution ("NBFI") focused on lending to low and middle income households in medium and small cities of the country. IFC will provide a Pesos-linked loan of up to US$25

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Project Information

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The project “Credivalores” is an infrastructure initiative in the Power Transmission sector, located in Colombia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The purpose of this project is to increase the access to finance to the lower segment of the population in Colombia by supporting Credivalores-Crediservicios S.A.S (“CV”, the "Company" or "Credivalores"), a non-banking financial institution ("NBFI") focused on lending to low and middle income households in medium and small cities of the country. IFC will provide a Pesos-linked loan of up to US$25 million equivalent.Credivalores is a NBFI that resulted from the merger of two sister companies in 2009 (Crediservicios S.A. and Credivalores S.A), which were established in Cali – Colombia in 2003 with the purpose of lending to individuals and small companies. The Company focuses on payroll-deduction loans, consumer lending collected through public utility bills, discount of checks and financing of insurance policies to low and middle income individuals.

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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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