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
FI-2
Country
Bolivia
Sector
Financial Institutions
Status
In implementation
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
09/28/2021
Approval date
09/28/2021
Signed date
01/31/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
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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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
enrique.palmero@bancofie.com.bo
PHONE NUMBER
(591) 2 2173600 Ext. 0201
POST OFFICE ADDRESS
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
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Early disclosure
ESRS BANCO FIE ENG
194.6 Kb