BANCO AGRICOLA, S.A.
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Guevara Sanchez, Marvin
USD $ 100,000
USD $ 70,000,000
Project scope and objective
The Project consists of a subordinated unsecured loan to be granted to Banco Agrícola S.A. (the “Borrower” or the “Bank”) for up to US$70 million with a repayment term of 10 years including five years of grace. The loan will be used to support the expansion of the small- and medium-sized enterprise (SME), women-led SME and green portfolios of Banco Agrícola. By growing the portfolios, the Project aims at contributing to improve the overall access to financing of such segments in El Salvador. To achieve this, we are seeking to strengthen Banco Agrícola’s capital base and thus supporting the Bank’s portfolio growth strategy, which includes the target segments. In addition, the financial support is expected to be completed with technical assistance to improve the Bank’s abilities and knowledge in serving the women-led SME segment.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Mauricio Ernesto Rivas Conde
Manager of Correspondent Banks
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005