BANCO BAC SAN JOSE S.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
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
The BAC Credomatic Network (BAC Group) is a financial services company that operates in Mexico, Panama, Guatemala, Costa Rica, Honduras, El Salvador and Nicaragua. Its priority is to generate and distribute economic and social wealth. It has more than 3.2 million active clients and almost 4 million debit and credit cards out in the market.
What is our funding objective?
This project intends to facilitate the broadening of BAC's Financial Education Program to include a special focus on MSMEs led by women, by contributing funds to hire external consultants who will design and create appropriate content, provide training to BAC employees based on this content, and enable these internal employees to become trainers themselves and provide effective training specifically designed for women-owned MSMEs.
Why do we fund this investment?
This project is highly aligned with FMO’s FI gender finance strategy to support women-owned SMEs and thereby increase women’s economic empowerment.
More investments
| Date | Total FMO financing |
|---|---|
| 12/19/2019 | USD 30.00 MLN |
| 4/4/2023 | USD 5.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Effective date
- 7/12/2016
- End date
- 4/13/2017
- Total FMO financing
- EUR 0.08 MLN
- Funding
- ForeignAffairs - CD
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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) - B