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
Environmental and social impact category
B13
Operation Number
3247B/OC-CO-2-US-MICRVST
Financial Information
IDB Financing
Reporting currency
USD - United States Dollar
Reporting date
Apr/13/2021
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
Apr/13/2021
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
Apr/13/2021
Roles & Responsibilities
Contract signature date
May/11/2015
Operation Number
3247B/OC-CO-2-US-IAOFBEA
Financial Information
IDB Financing
Reporting currency
USD - United States Dollar
Reporting date
Apr/13/2021
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
Apr/13/2021
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
Apr/13/2021
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