WCS CR Banco de la Produccion (IFC-44156)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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
FI
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.
Voting Date
Jul 31, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
BANCO DE LA PRODUCCION S.A.
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 11, 2021

Disclosed by Bank May 7, 2021


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Project Description

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.

Investment Description

up to US$10 million senior loan to Banco de la Produccion S.A and up to US$20 million parallel loans.

Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information

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