Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness

IFC, a member of the World Bank Group, has provided a $100 million loan to Banco Davivienda, boosting the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in Colombia. The loan will expand Davivienda’s ability to support Colombia’s economy, which has been impacted by the Covid-19 pandemic.

The financing package consists of IFC's own resources; a syndicated loan provided by the eco.business Fund, an impact fund focused on the conservation of biodiversity and the mitigation of climate change; and a loan through IFC's Managed Co-Lending Portfolio Program (MCPP), a platform that allows institutional investors the opportunity to passively participate in IFC's loan portfolio.