This project consists of an A loan of up to US$100 million and additional mobilization of up to US$150 million, including a MCPP Loan and a B Loan, to Banco Daycoval S.A. (“Daycoval” or the “Bank”). Daycoval is a mid-size bank in Brazil. The proceeds will be used to finance small and medium enterprises (“SMEs”) and will allow IFC to leverage its own funds, enhancing SME’s sustainability through financial inclusion. A minimum of 25% of the total financing package will be channeled to women-owned SMEs, reaching the underserved women-owned business in Brazil
Daycoval was founded by the Dayan family (the “Sponsor”), which owns 85.2% of the capital of the Bank. The Bank’s treasury holds 13.2%. The remaining 1.6% is held by minority shareholders.
Daycoval was founded by the Dayan family, which owns 85.2% of the capital of the Bank. The Bank’s treasury holds 13.2%. The remaining 1.6% is held by minority shareholders.
Project Contact: Ricardo Gelbaum
Institutional and IR Officer, Banco Daycoval S.A.
Office Address: Avenida Paulista, 1793, 01311-200, São Paulo, Brazil
Contact No.: +55 (11) 3138-1024
Fax: +55 (11) 3138-0664
Email Address: Ricardo.firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/