BANCO COOPERATIVO SICREDI 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
Groszmann Faria, Marcia
USD $ 100,265,000
USD $ 25,000,000
Project scope and objective
The transaction consists of a senior unsecured A/B and co-loan for up to US$100 million to BanSicredi, to be structured as follows: (i) an A Loan of up to US$25 million to be financed by IDB Invest; (ii) an A Loan of up to US$60 million to be financed by DEG and Proparco; and (iii) B Loans of up to US$15 million to be financed by institutional investors. The term of the A loan is seven years, with a grace period of one year and semi-annual installments, while the term of the B loans is two years, with interest with bullet repayment.
The transaction has as a target to provide the Borrower with long-term senior funds for the financing of sub-loans to its women-led SMEs portfolio.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Pedro Lutz Ramos
+55 51 99831 7440
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005