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IFC grants Mibanco with 167.6M soles loan

International FinanceCorp. disbursed a 167.6 million Peruvian soles loan to .

The loan aims to increase financing to small and medium enterprisesand low-income sectors of the population, thus helping boost job creation and economicgrowth, the IFC said.

The World Bank arm noted that it has invested a total of $3.1billion in Peru since 1956, including US$1.1 billion in mobilization. The strategyadopted by IFC in Peru is aimed at boosting financing in the form of debt and equityfinancing, improving the investment climate, and providing support to key privatesector actors who can expand the country's infrastructure, the bank added.

As of April 13, US$1 wasequivalent to 3.26 Peruvian soles.