Can’t find a document? Request Information

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
Environmental and social impact category
B13
Project Status
Closed
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
Apr/13/2021

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
Apr/13/2021

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
Apr/13/2021

Roles & Responsibilities

Contract signature date
May/11/2015
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
Apr/13/2021

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
Apr/13/2021

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
Apr/13/2021

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