Star Land Enterprises SA (DFC-2020-STARLANDENTER)

Countries
  • Panama
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
Active
Bank Risk Rating
B
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.
Borrower
SPV
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
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)
$ 44.72 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)
$ 104.34 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 Jul 14, 2020


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Project Description

The Project is expected to result in a highly developmental impact in Panama by increasing the stock of urban housing and retail space for microenterprises. At least half of the residential units are expected to qualify for an interest rate subsidy from the government. The Project is also expected to expand opportunity for microenterprises through the retail space as well as community investment focused on increased formalization. Additionally, construction and permanent employment will result from the Project.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors