April 9, 2019 |
Banco Bolivariano has asked for $50m in financing from IFC to support small business loans in Ecuador.
IFC's board is scheduled to review the request on May 7.
The Guayaquil-based lender borrowed $30m to increase green loans and loans to small and medium-sized enterprises, or SMEs, in January.
SMEs in Ecuador represent 25% of GDP, but the financing gap stands at an estimated $15.7bn, or 16% of GDP, according to IFC.
Meanwhile, Paraguay's Banco Familiar has requested up $25m in financing t
Ecuadorean lender asks for $50m to support more SME loans