Cooperativa de Ahorro y Crédito Abaco
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Mera Pacheco, Gabriela
USD $ 5,000,000
USD $ 10,000,000
Project scope and objective
The Project supports the growth of Cooperativa de Ahorro y Crédito Abaco’s micro and small business portfolio, as well as its green portfolio, through a senior loan of up to US$25 million with a term of up to five years and a one-year grace period. The transaction consists of: (i) a senior A loan of up to US$15 million, from which, US$10 million will be financed by IDB Invest and US$5 million will be financed by the IDB as administrator of the Canadian Climate Fund for the Private Sector in the Americas (“C2F”); and (ii) a B loan of up to US$10 million to be financed by B lenders.
The Project also includes an advisory service that will assist Cooperativa de Ahorro y Crédito Abaco in the design of a sustainable strategy to drive its green portfolio and improve and promote its green loans portfolio.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Finance Department Manager
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005