📋 Tender Overview
Project Number
50213
Company Name
Caja Municipal de Ahorro y Credito Cusco S.A.
Date SPI Disclosed
Jun 20, 2025
Country
Peru
Region
Latin America and the Caribbean
Projected Board Date
Jul 31, 2025
Environmental Category
FI-2 - Limited
Status
Pending Approval
Last Updated Date
Jun 23, 2025
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Sector
Microfinance and Small Business - Non Commercial Banking
Project Description
The proposed project consists of an up to US$50 million subscription to a sustainability subordinated bond to be issued by Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco or Company). Through this project, IFC will support the strengthening of the Company’ capital to support micro, small and medium enterprises (MSMEs) targeting: (i) climate-related; (ii) social; and (iii) biodiversity sub-projects that conserve, restore, and protect biodiversity and/or nature (the Project).
Associated Advisory Engagement
Advisory service engagement is expected to include two main areas of focus: (i) corporate governance and environmental and social (E&S) advisory to help Caja Cusco enhance internal processes and controls, and (ii) climate advisory to support the Company develop and manage its green and blue assets portfolio, primarily in climate-smart agriculture.
