Banco Pichincha DPR (DFC-2020-BANCOPICHINCHA)

  • Ecuador
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
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.
Ecuador DPR Funding, Ltd.
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)
Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 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)
$ 187.50 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 @ DFC website

Updated in EWS Dec 7, 2020

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Project Description

An up to $150 million direct loan to raise long-term U.S. dollar funding through a diversified payment rights securitization. Loan proceeds will be used by Banco Pichincha, C.A. for the expansion of the bank’s women-led, owned, and supported micro, small and medium-sized enterprise loan portfolio in Ecuador.


The Project is expected to have a highly developmental impact in Ecuador through providing long-term funding to a major bank for on-lending to micro, small, and medium enterprises (MSMEs) all of which are women-owned or women-led or qualify under women-supporting criteria. The Project will support these MSMEs at a critical period, with Ecuador’s 2020 real GDP forecast to decline 6.3 percent according to the International Monetary Fund, the country’s worst performance in over 40 years if realized. As of 2018, the International Finance Corporation reported Ecuador’s MSME financing gap at $17.9 billion (18 percent of GDP), with women-owned and women-led MSMEs accounting for approximately $1.5 billion of the total. The bank supported by the Project is SMART Campaign certified, maintains annual community investments of over $1 million, and provides employee benefits including funding the majority of family medical insurance premiums.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • Ecuador DPR Funding, Ltd. (Financial Intermediary)
Contact Information


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