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

Project Status: Closed

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
Project Country
Colombia
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Environmental and social impact category
B13
Project Status
Closed
Operation Number
3247B/OC-CO-2-US-IAOFBEA

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015
Operation Number
3247A/OC-CO

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015
Operation Number
3247B/OC-CO-2-US-MICRVST

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015
Operation Number
3247B/OC-CO-1-CD-CCAPMTA

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015
Operation Number
3247B/OC-CO-2-US-CSIFWAC

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015
Operation Number
3247B/OC-CO-2-LX-BOMFREA

Financial Information

Project Number
CO-L1147
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023

Roles & Responsibilities

Contract signature date
May/11/2015

Project Information

Total Cost
USD 550,000,000
Country counterpart financing
USD 500,000,000
Amount
USD 15,000,000

Preparation

Title
Type
Project Number
Date Published
Project Abstract
CO-L1147
May 20, 2014
Environmental & Social Strategies
CO-L1147
May 20, 2014
Environmental & Social Management Reports
CO-L1147
May 20, 2014

Approved

Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
3247A/OC-CO;3247B/OC-CO;CO-L1147
July 09, 2014
Agreement - Financial Closing - SCF
3247A/OC-CO;3247B/OC-CO;CO-L1147
July 09, 2014