Sofisa AB Loan for SME Financing (IDBI-13303-01)

  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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 10, 2021
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.
Banco Sofisa S.A. ("Sofisa")
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.20 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)
$ 0.20 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 @ IDBI website

Updated in EWS Jul 15, 2021

Disclosed by Bank Mar 19, 2021

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Project Description

The proposed credit transaction (the “Project” or “Financing”) consists of a syndicated A/B transaction of up to US$ 200 million to Banco Sofisa S.A. (“Sofisa” or “Bank”), to be structured as follows: (i) US$20 million held by IDB Invest; (ii) US$30 million held by IDB; (iii) US$25 million mobilized through potential cofinancing, financed by IDB Invest in its capacity as administrator of the Chinese Cofinancing Fund for Latin America and the Caribbean (the “Fund”); (iv) US$50 million held by other Co-lenders; and (v) US$75 million mobilized through potential B-lenders. The purpose of the project is to support Sofisa in its efforts to increase financing provided to small and medium-sized enterprises (“SMEs”), including those impacted by COVID-19, and contribute to Sustainable Development Goals (“SDGs”). At the same time, IDB Invest will provide technical advisory services to Sofisa, enabling Sofisa to increase the share of companies owned and controlled by women in its portfolio of clients, by reinforcing its internal capacities and practices of diversity and inclusion.

Investment Description
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Banco Sofisa S.A. Undisclosed Finance

Contact Information

Name: Joao Ceneviva
Title: Treasurer
Phone number: + 55 11 3176-5866


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