MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Provide $4.6m Equity Investment and $9m Loan to Caja Nuestra Gente of Peru

International Finance Corporation (IFC), the private investment-arm of the World Bank Group, recently announced it will make an equity investment of USD 4.6 million and a medium-term loan of USD 9 million in Caja Nuestra Gente, a microfinance institution (MFI) in Peru owned by Spain's BBVA Microfinance Foundation (FMBBVA). These transactions will be directed to expand microfinance in rural areas and among low-income urban communities and is expected to help Caja Nuestra Gente to double the number of microenterprise loans in Peru over the next five years. Paolo Martelli, IFC Director for Latin America and the Caribbean, said, “This new IFC investment in Caja Nuestra Gente builds on our strategic alliance with BBVA Microfinance Foundation to promote joint investments in the Foundation's various Latin American institutions. We look forward to.... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.