Company name

Banco Fie

Project number

13441-01

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
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FI-2

Country

Bolivia

Sector

Financial Institutions

Status

Proposed

Disclosed date

07/19/2021

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/28/2021

Approval date

09/28/2021

Signed date

N/A

Sponsoring entity

N/A

Team leader

Echeverri, Ana Rosa

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 35,000,000

Currency

USD

Project scope and objective

Banco FIE S.A (the “Bank”) is a financial institution supporting micro- and small-sized enterprises in Bolivia. IDB Invest seeks to support Banco FIE through a senior loan with a committed unsecured Tranche I for up to USD 20 million with a term of up to 4 years without grace and an uncommitted Tranche II for up to USD 15 million, with a term to be defined when such tranche is committed. The funds will be used to finance Banco FIE’s urban and rural micro and small enterprise portfolio, expanding the loans for working capital. In addition, Banco FIE will evaluate the technical assistance provided by IDB Invest to improve the Bank’s financial and nonfinancial products aimed at small and micro enterprises in Bolivia forming part of the agro-industrial supply chains of the country based on the significance of this segment for the country and particularly for the Bank.

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Early disclosure

ESRS BANCO FIE ENG

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Alvaro Enrique Palmero Pantoja

POSITION

National Finance Manager

PHONE NUMBER

(591) 2 2173600 Ext. 0201

EMAIL

enrique.palmero@bancofie.com.bo

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices