Company Overview of Credivalores-Crediservicios, S.A.S.
Credivalores-Crediservicios, S.A.S. provides consumer loans in Colombia. The company was founded in 2003 and is based in Bogota, Colombia.
Key Executives for Credivalores-Crediservicios, S.A.S.
Credivalores-Crediservicios, S.A.S. does not have any Key Executives recorded.
Credivalores-Crediservicios, S.A.S. Key Developments
Credivalores-Crediservicios SAS Closes USD 93 Million Syndicated Loan
Oct 19 15
Credivalores-Crediservicios SAS closed a USD 93 million syndicated structured loan with a tenor of 60 months and a revolving availability period of three years. The facility will be used for the growth of the payroll deduction loan portfolio, a type of loan that has shown higher growth rates than consumer loans, with lower default ratios. The loan was structured by Banca de Inversion Bancolombia, and six banks joined the syndicate: Bancolombia, Bancoomeva, Multibank, Banco de Bogota, CorpBanca and Banco de Occidente.
Credivalores-Crediservicios SAS Appoints Lorena Cardenas as Independent Member of its Board of Directors
Sep 14 15
Credivalores-Crediservicios SAS announced the appointment of Ms. Lorena Cardenas as Independent Member of its board of directors. Over the past seven years, Ms. Cardenas served as Chief Financial Officer of Credito Real. Between 2008 and 2015, at Credito Real, Ms. Cardenas implemented and developed the company´s financial strategy, and during her tenure the loan portfolio increased from $190 million to $900 million.
IFC Loan to Credivalores-Crediservicios S.A.S Boosts Financial Services to Columbia's Low-Income Families
May 29 15
World Bank Group's IFC, part of the World Bank Group, announced it has provided to Credivalores-Crediservicios S.A.S a new USD 20 million loan to continue boosting the company's efforts to expand access to financial services for low-income families in Colombia. This is the second loan that IFC grants Credivalores, for a total amount of USD 45 million, which is evidence of IFC's commitment to support the company's strategy. The first loan for USD 25 million was made in 2012 and is still in effect. The funds from the new financing will be used to improve access to credit for low and middle income segments of the population, which is the company's target market. The loan from IFC will also help Credivalores offer loans to low and middle income individuals living in small and intermediate cities. The company's diversified platform of products include payroll deduction loans, consumer credit loans through a credit card collected with public utility bills and financing of insurance policies premiums. This loan by IFC is part of its strategy to expand opportunities to increase economic growth and competitiveness, reduce poverty and inequality, and enhance the level of financial services being offered in rural areas.
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