Company name
Banco Procredit, S.A
Project number
EC3099A-05
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.
E&S category
FI-2
Country
Ecuador
Sector
Financial Institutions
Status
Completed
Disclosed date
N/A
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
N/A
Approval date
09/15/2015
Signed date
12/11/2015
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 40,000,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The Inter-American Investment Corporation (IIC) approved an A/B loan of up to US$45 million to Banco ProCredit Ecuador to finance eligible micro-, small-, and medium-sized enterprises in Ecuador and to enable these companies to meet their fixed asset purchase needs and working capital requirements.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .