Prestamo de BHD Leon a Pequenas y Medianas Empresas Lideradas por Mujeres (IIC-11807-04)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Dominican Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 23, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Multiple BHD Leon S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 20, 2018

Disclosed by Bank Apr 21, 2017


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Project Description

According to ICC website, the proposed loan to Banco Búltiple BHD León S.A. will be up to US $ 50 million or its equivalent in Dominican pesos to promote the growth of small and medium-sized enterprises in the Dominican Republic. In particular, the Project aims to promote access to financing resources for SMEs led by women in the Dominican Republic through the "Mujer Mujer" program of the BHDL.

Investment Description
  • IDB Invest
Private Actors

Banco Múltiple BHD León, S.A. offers commercial banking services. The bank was founded in 1972 and is based in Santo Domingo, Dominican Republic. Banco Múltiple BHD León, S.A. operates as a subsidiary of Centro Financiero Bhd León, Sa.

Contact Information

No contact information provided at the time of the disclosure. 

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).