The proposed Project consists of an up to US$10 million senior loan to Banco de la Produccion S.A. (“Banpro” or the “Bank”) in Nicaragua (IDA) under FIG COVID 19 Emergency Response WCS Envelope (WCS Envelope). In addition, the project involves up to US$20 million parallel loans. The use of proceeds will be directed to working capital/trade loans to MSMEs, women customers and women-owned MSMEs.
up to US$10 million senior loan to Banco de la Produccion S.A and up to US$20 million parallel loans.
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