News
IFC Approves $225 Million Loan to BAM to Promote Loans for Housing and SMEs in Guatemala
IFC, a member of the World Bank Group, approved a $225 million loan to Banco Agromercantil, BAM, a subsidiary in Guatemala of Grupo Bancolombia, with the goal of boosting BAM's ability to increase its lending for housing as well as small and medium-sized businesses (SMEs).
The loan, which consists of $125 million from IFC and $100 million mobilized by IFC from other investors, will allow BAM to expand its mortgage loans and financing capacity to SMEs.
Latest from Our Blog
View all blog posts
Is There a “Steel Bullet” for Helping Businesses Grow?
Financial diaries which provide microentrepreneurs with tailored business reports are helping them to grow their businesses, showing the power of access to data.
Working to Promote Food Security in Burkina Faso
Claire Lossiané of YIKRI, winner of the 2023 European Microfinance Award, reflects on the MFI’s programs to combat malnutrition.
India’s Digital Divide Threatens the Progress of Financial Inclusion
There are three key challenges that need to be addressed to fulfill the promise of India's much-lauded digital public infrastructure, as mobile phones and internet access remain inaccessible for a significant segment of the population.