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 Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Loan Operation
Project Modality
PSL (Private Sector Loan)
Environmental and social impact category
B13
Operation Number
3247B/OC-CO-2-US-IAOFBEA
Financial Information
IDB Financing
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
IDB Financing
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
IDB Financing
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
IDB Financing
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
IDB Financing
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
IDB Financing
Reporting currency
USD - United States Dollar
Reporting date
Jun/09/2023
Roles & Responsibilities
Contract signature date
May/11/2015
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