December 18, 2018 |
Banco Internacional has received $50m in five-year financing to increase loans to small businesses in Ecuador, LatinFinance has heard.
The Dutch development bank FMO led the deal as the bookrunner, while the Swiss asset management firm BlueOrchard Finance joined as a lender, said a source involved in the transaction.
BlueOrchard was founded in 2001 as the first commercial manager of microfinance debt investments in the world. The firm previously participated in a $22m facility through the IDB
Ecuadorean lender gets $50m from FMO and BlueOrchard to expand its SME portfolio