November 9, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), said Friday that it acquired the COP150 billion ($40.3 million) in four-year social bonds from Colombia's Banco W, the first gender-focused notes issued by a microfinance lender in Latin America.
Banco W will use the money to fund roughly 25,000 loans to micro-businesses run by women, IDB Invest said in a press release.
"The financing will also contribute to the development of the capital markets and thematic bonds in Colombia and th
Colombian microfinance lender raises $40 mln to fund loans to micro-businesses run by women