CO-L1147 : Bayport Colombia: Financial Inclusion for BOP Public Employees

Project Status
Approved

The objective of the Project is to increase financial access for Base of the Pyramid (BOP) public employees and pensioners in Colombia by scaling up a payroll deduction lending program (libranzas) developed by Bayport Colombia S.A.S (¿Bayport Colombia¿ or ¿BC¿). BC is a non-bank financial intermediary (FI) focused on rural areas and regions with low levels of financial inclusion and high levels of unsatisfied basic needs. BC is a wholly-owned subsidiary of Bayport Management Limited (¿BML¿) a South-African company with presence in 8 countries in Africa and 15 years of experience specialized in loans repayable via payroll deduction for Base of the Pyramid (BOP) employees in rural areas and/or regions with low levels of financial inclusion.

PROJECT DETAIL

Project Number CO-L1147
Financial Information
Project Number CO-L1147
Project Status Completed
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date MAY 11, 2015
Financial Information
Project Number CO-L1147
Project Status Completed
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date MAY 11, 2015
Financial Information
Project Number CO-L1147
Project Status Completed
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date MAY 11, 2015
Country Colombia
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-FINANCIAL INCLUSION
Project Type Loan Operation
Environmental and Social Impact Category Uncategorized

PROJECT INFORMATION

Total Cost H USD 550,000,000
Country Counterpart Financing USD 500,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 15,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

Can’t find a document? Request Information

Preparation

Approved

SEE IT ON THE MAP

Hello, Welcome to the IDB!

Please join our mailing list by simply entering your email below.