January 18, 2019 |
IDB Invest and Blue like an Orange Sustainable Capital Fund have provided a $20m loan for Ecuador's Produbanco to increase financing for small and medium-sized enterprises (SMEs) in Ecuador.
"With this eight-year subordinated loan, Produbanco will continue growing its SME financing business, as well as its green lending program in Ecuador," IDB Invest said in a press release.
The loan marks the first transaction under a co-financing agreement that IDB Invest and Blue like an Orange announced in
Multilateral lender and private investment firm provide $20m for Produbanco to increase financing for small businesses