IDB Invest, the private sector arm of the IDB group, will provide the guarantee to a loan that Instituto de Previsión Social (IPS) will disburse to Banco Familiar SAECA in Paraguay. The loan for 26,300 million guaranies will have a 5-year term. The objective of this operation is to finance investments for the development and growth of small and medium enterprises (SMEs) in the Paraguayan productive sector. With this operation, IDB Invest seeks to support the use of IPS resources towards the productive sector through a national financial institution. In this way, access to financing for SMEs will be increased with resources in local and long-term currency. It is estimated that more than 2,000 SMEs in the country will benefit from the financing. As part of the project, IDB Invest will provide technical support to Banco Familiar in the improvement of its social and environmental governance standards. This support will include the implementation of sectorial environmental guidelines, the use of a satellite monitoring tool for client portfolio, and the participation of Banco Familiar in the Sustainable Finance Roundtable. Familiar will be the fourth bank in the country to adopt this satellite monitoring system. About IDB Invest IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $11.6 billion under management and 330 clients in 21 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation. www.idbinvest.org About Banco Familiar Familiar is an institution that turns 50 in 2017. It started operations in 1967 as a credit union, with the objective of granting financing to families through personal loans, then nonexistent in Paraguay. In 1992 it became a financial intermediary, which allowed it to capture deposits from the public to continue leveraging the growth of its loan portfolio. Its sound corporate governance policies and constant reinvestment strategy allowed it to consolidate its geographical expansion and new product and service offering. In 2009, with a significant presence at the national level and with a more extended offer to all segments, it became a bank.