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Mibanco- Crecer mi Negocio
The general objective of the Project is to increase access to finance for female-owned microenterprises (MES) across all regions of the country; despite the fact that MES provides employment for nearly 70% of the economically active population, less than 30% of MES businesses have access to credit. Specifically, the IDB Loan would fund a new Mibanco product known as Crecer mi Negocio which is expected to provide microloans for up to 10,000 lowincome micro entrepreneurs across all regions of Peru, the vast majority of which will be women (the Project). The Project will provide medium-term financing for the purchase and expansion or improvement of business facilities, whether home-based business or a commercial locale through Mibanco¿s Milocal product; Crecer mi Negocio will also provide funding to purchase or renew equipment or other fixed assets required to expand production and improve productivity for women-owned businesses through the Miequipo product. Mibanco will build on its current experience in providing investment loans to the microenterprise sector, and tailor/customize the Crecer mi Negocio product lines to the needs of the female owned microenterprise businesses, with loan amounts starting as low as US$350.

Project Detail

Country

Peru

Project Number

PE-L1073

Approval Date

December 9, 2009

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 36,220,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 10,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2265A/OC-PE Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2265B/OC-PE-1 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
2265B/OC-PE-2 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 2265A/OC-PE
  • 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 2265B/OC-PE-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing
Operation Number 2265B/OC-PE-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5404
Administration in General
Agenda - Signing Ceremony MiBanco 12-JUL-2010 [35242401].doc
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5402
Executive Summaries papers
Mibanco [35109071].PDF
Mar. 09, 2010
English
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5400
Executive Summaries papers
Mibanco Spanish [35109094].PDF
Mar. 09, 2010
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5403
Project Concept Document
Environmental and Social Strategy Mibanco Crecer mi Negocio [2258176].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5401
Project Concept Document
Environmental and Social Management Report - Mibanco - Crecer mi Negocio [2260412].PDF
Dec. 31, 1999
English
Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1764583201-10131
Loan Proposal
Abstracto Mi Banco [35049328].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-556169389-5399
Loan Proposal
Abstract - Mibanco - Crecer mi Negocio [2258093].PDF
Dec. 31, 1999
English

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