Bayport Colombia: Financial Inclusion for BOP Public Employees
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

Country

Colombia

Project Number

CO-L1147

Approval Date

July 9, 2014

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

IDB Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 550,000,000.00

Country Counterpart Financing

USD 500,000,000.00

Original Amount Approved

USD 15,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3247A/OC-CO Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
3247B/OC-CO-1-CD-CCAPMTA Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
3247B/OC-CO-2-LX-BOMFREA Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
3247B/OC-CO-2-US-CSIFWAC Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
3247B/OC-CO-2-US-IAOFBEA Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
3247B/OC-CO-2-US-MICRVST Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 3247A/OC-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 3247B/OC-CO-1-CD-CCAPMTA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing
Operation Number 3247B/OC-CO-2-LX-BOMFREA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing
Operation Number 3247B/OC-CO-2-US-CSIFWAC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing
Operation Number 3247B/OC-CO-2-US-IAOFBEA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing
Operation Number 3247B/OC-CO-2-US-MICRVST
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24015
Agreement - Financial Closing - SCF
Colombia_ Préstamo 3247_OC-CO a Bayport Colombia S_A_S_ [38813825].PDF
Feb. 02, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24016
Agreement - Financial Closing - SCF
Colombia_ Loan 3247_OC-CO to Bayport Colombia S_A_S_ [38813840].PDF
Feb. 02, 2015
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24013
Environmental and Social Management Reports
Bayport ESMR [38809378].PDF
May. 20, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24014
Environmental and Social Strategies
Bayport Colombia ESS [38809303].PDF
May. 20, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24017
Project Abstract
Bayport Colombia Project Abstract [38809297].PDF
May. 20, 2014
English

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