Project detail - Mibanco Banco de la Microempresa S.A.

Mibanco Banco de la Microempresa S.A.

Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Mibanco, Banco de la Microempresa S.A. is a bank in Peru specialized in microfinance. As of June 2022, the bank has USD 4.4 billion in total assets and a loan portfolio of USD 3.7 billion. The bulk of the portfolio is allocated to microentrepreneurs and small enterprises.

What is our funding objective?

All funds, including FMO’s participation, will be used to on lend to formal and informal women-owned MSMEs in Peru.

Why do we fund this investment?

The funding objective will contribute towards FMO’s goals in SDG 10 - Reduced Inequalities, SDG 8 - Decent Work & Economic Growth and SDG 5 - Gender Equality. These goals are addressed by four work fronts defined within Mibanco's sustainability strategy.

What is the Environmental and Social categorization rationale?

The project has been categorised as E&S Category C, in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the Project, Mibanco is required to apply the IFC Exclusion List, that aligns with the EDFI exclusion list. Moreover, the bank is required to ensure its loan portfolio complies with the relevant Peruvian E&S laws and regulations. Following FMO’s Client Protection Principles policy, Mibanco has been categorized as CPP category B. The bank’s main business line is to provide financial services for consumers and microenterprises. The bank has a clear mission of financial inclusion and has the Smart Campaign Certification, denoting its adherence to Client Protection Practices.

Website customer/investment
Latin America & The Caribbean
Financial Institutions
Publication date
Effective date
Total FMO financing
USD 50.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)