December 9, 2019
Sudameris has asked IDB Invest for up to PYG300 million ($46.6 million) in financing to fund increased loans to micro, small and medium-sized enterprises (MSMEs) in Paraguay.
IDB Invest's board is scheduled to review the proposal on February 6 next year, according to information on the multilateral lender's website.
The loan will last as long as five-years with a two-year grace period, according to IDB Invest.
In November last year, Sudameris received part of $100 million loan from the Overseas
Paraguayan bank seeks $47 mln in funding for small business loans