Skip to main content
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

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

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-245638317-24016
Colombia_ Loan 3247_OC-CO to Bayport Colombia S_A_S_ [38813840].PDF
Published Feb. 02, 2015
Download
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24015
Colombia_ Préstamo 3247_OC-CO a Bayport Colombia S_A_S_ [38813825].PDF
Published Feb. 02, 2015
Download
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24017
Bayport Colombia Project Abstract [38809297].PDF
Published May. 20, 2014
Download
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24013
Bayport ESMR [38809378].PDF
Published May. 20, 2014
Download
https://www.iadb.org/document.cfm?id=EZSHARE-245638317-24014
Bayport Colombia ESS [38809303].PDF
Published May. 20, 2014
Download

Have an Environmental or Social issue related to IDB projects? File a Complaint

Blogs
Published 2023
Datos, empresas de mujeres y acceso al financiamiento: ¿Qué aprendimos de Argentina?
Antes del año 2011 sabíamos muy poco sobre la inclusión financiera de las mujeres. Con la excepción del caso de Chile, la dinámica se repetía en la mayoría de los países. No se recolectaban, reportaban, ni se analizaban datos del sector financiero desagregados por sexo. En el 2011, con la publicación de la encuesta Global
Blogs
Published 2023
¿Un nuevo milagro? El potencial de la digitalización y la inclusión financiera en América Latina
América Latina y el Caribe ha dado un gran salto hacia el uso de las tecnologías digitales para ampliar la inclusión financiera. En ese sentido, existen motivos de optimismo: varias iniciativas en la región han ampliado la oferta de innovadores productos financieros digitales. En teoría, estos productos deberían impulsar el crecimiento inclusivo al permitir a
Publications
Published 2021
Gender Gaps in Access to the Mortgage Market of Ecuador
The study "Gender gaps in access to the mortgage market in Ecuador" analyzes the access of women in conditions of poverty and moderate poverty to obtain a home loan in the formal financial system, the dimensioning and characterization of critical nodes and potentialities (supply and demand), qualifying the current demand and the type of housing for which credit is granted; as well as the identification and characterization of the main challenges faced by women in the granting, the level of exclusion, the credit behavior and the practices and conceptions of financial institutions (IFIs) that offer housing credit, from which the present conclusions and establish recommendations that contribute to narrowing the identified gender gaps, contributing to the implementation of projects and public housing policy in the country.
Blogs
Published 2023
Análisis de la eficacia de una reforma de inclusión financiera en Uruguay
Uruguay lanzó en 2014 un ambicioso programa de inclusión financiera. Con ello se sumaba a otros países de la región que han tratado de dar a los ciudadanos un mayor acceso a los servicios bancarios y financieros, así como fomentar el uso de instrumentos de pago electrónicos que eviten la necesidad de dinero en efectivo.
Blogs
Published 2023
Cómo aprovechar las remesas del extranjero en favor de la inclusión financiera
Las transferencias financieras personales realizadas por migrantes en el extranjero —conocidas como remesas— son habituales en los países con altos niveles de migración económica. Sin embargo, en muchos casos las transferencias se producen fuera del sistema bancario. Esto impide a los receptores de remesas acceder a servicios financieros fiables, como el ahorro, el crédito o
Blogs
Published 2024
Boosting Financial Inclusion Among the Vulnerable
By 2021, only 31% of Chile’s country’s population over 15 had saved in a financial institution, with especially low rates among the very poor, depriving them of the benefits of a range of financial services, including savings accounts, credit, and insurance products. The issue of how to increase financial inclusion and, in the process,
Blogs
Published 2023
Examining the Effectiveness of a Financial Inclusion Reform in Uruguay
In 2014, Uruguay launched an ambitious financial inclusion program, joining other countries in the region that have sought to give citizens greater access to banking and financial services and encourage the use of electronic payments instruments that avoid the need for cash. Unbanked people in Uruguay, as in other countries of the region, had traditionally lacked
Blogs
Published 2023
A New Miracle? The Promises of Digitalization and Financial Inclusion in Latin America
Latin America and the Caribbean has made a big leap towards using digital technologies to expand financial inclusion, and there are reasons to be hopeful: Several initiatives in the region have expanded the supply of innovative digital financial products which, in theory, should untap inclusive growth by enabling millions of micro and small firms and
Blogs
Published 2024
Impulsando la inclusión financiera entre los vulnerables
En 2021, sólo el 31% de la población mayor de 15 años en Chile había ahorrado en una institución financiera, con tasas especialmente bajas entre los más pobres, lo que les priva de los beneficios de una serie de servicios financieros, como cuentas de ahorro, crédito y productos de seguros. La importancia de aumentar la
Publications
Published 2024
Financial Development, Growth, and Inequality: The Role of Institutions in Latin America and the Caribbean
This publication explores the relationships between institutions, financial development, and income inequality. It assesses the extent of reforms that can promote financial development and argues that institutional improvements capable of increasing financial development can simultaneously mitigate income inequality. This work, focusing on the Latin American and Caribbean region, uses a broad set of measures of financial development, financial institutions, and capital markets. It employs a comprehensive set of inequality indicators and income definitions, as well an econometric model of the financial possibility frontier, to demonstrate that institutions contributing to financial development also help reduce income inequality.
Powered by FindIT
Jump back to top