Banco Pichincha C.A. (DFC-9000104327)

Countries
  • 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
Proposed
Bank Risk Rating
C
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
Ecuador DPR Funding, Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • 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.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 31, 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.

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

Not available.