Fin Crear Loan

completed

The proposed transaction aims to support Financiera Creditos Arequipa S.A. (“Crear” or the “Company”), a strong microfinance provider in Peru, through a syndicated transaction which would facilitate resources for the Company’s micro and small enterprise (“MSE”) portfolio expansion (the “Project”). Crear was recently acquired by Banco Compartamos S.A. (“Compartamos”), a strategic IFC partner whose core mission is to promote financial inclusion and increase access to financial services to MSEs in Mexico and is currently implementing a regional expansion strategy. Financiera Crear is an Empresa Financiera which provides micro loans averaging $1,500 in size to micro entrepreneurs in the city of Lima and the South of Peru, primarily around Arequipa. Financiera Crear, which was incorporated as Edpyme in 1998, was transformed into Empresa Financiera in 2010. As of December 2010, Financiera Crear held a 4.1% market share in terms of MSE clients.