Servicios Financieros Progreso S.A. ("Progreso")
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
Investment Operations Department Contact
USD $ 10,000,000
Project scope and objective
The proposed transaction consists of a senior loan of up US$10 million (the “Loan”) from IDB Invest. The Loan has a twelve-month tenor, is amortized at maturity, and is renewable for three additional periods of up to 12 months at the discretion of IDB Invest. The project involves funding Progreso to increase its operation (balance) by offering more lending access to Micro, Small, and Medium-Sized Enterprises (“MSMEs”) customers, as well as adding new MSMEs to its portfolio.
Additionally, climate-related technical advisory services are being designed.
For inquiries, comments and information requests about the projectRequest information
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POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005