IFC Brings DPR Model to Microfinance

IFC Brings DPR Model to Microfinance

Structured Finance

The IFC is planning to buy a $30m remittance securitization from El Salvadorian cooperative Fedecredito, using the diversified payment rights (DPR) structure to benefit a microlender. “Fedecredito is the first time a financial intermediary just focused on the bottom of the pyramid has taken advantage of a fundraising product used by larger institutions,” Xavier Jordan, principal investment officer at IFC, tells LatinFinance. Fedecredito is a co-op owned by 55 credit unions and workers’ banks in

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