Nuestra Gente II

completed

The proposed IFC investment consists of: (i) an IFC loan to Caja Rural Nuestra Gente (“CNG” or the “Company”) of up to PEN56 million (US$20 million equivalent) to finance the growth of its microfinance loan portfolio; and (ii) one or more PCGs that can be issued either in US$ or PEN in connection with the Company’s Bonds issuance program. The combined aggregate exposure of IFC under the loan and all PCGs will not exceed PEN56 million (or its equivalent in US$ calculated with respect to each PCG denominated in US$ at the time of its issuance). The investment would help the Company increase the diversification of its funding mix and is part of a client relationship plan which builds on IFC’s prior engagement (a $7.7 million equity investment). Through the proposed project, CNG will finance micro entrepreneurs and low income segments in frontier regions and small and medium sized municipalities, where commercial banks have limited outreach.