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.