KREDIT PLUS

Latin America

Region

87.9

Commitment (MNOK)

Active

Status

Kredit is a payroll and pension discount loan originator in Colombia. It was born in 2015, started by two former bankers, Juan Zambrano, and Ernesto de Castro (Currently, jointly 51% shareholding). In June 2020, Kredit strengthened its shareholder structure even further through the introduction of new shareholders (40% shareholding); the family group Grupo Daabon which counts with 2220 employees, and which has as its principal business lines, agriculture, industry and logistics and another single shareholder Sergio Espinosa Posada (9% shareholding).

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
87.9
Year:
2023
Region:
Latin America
Country:
Colombia
Domicile:
Colombia
Instrument:
Loans
Status:
Active
Mandate:
Development

Read more about the investment:

Norfund invests to support lending program to teachers and pensioners