June 6, 2019 |
IFC said it has arranged $25m in financing for Paraguay's Banco Familiar to increase loans to micro businesses and small and medium-sized enterprises (SMEs).
The financing involves a five-year, $8m loan from IFC's own account and a three-year, $17m B loan from the Swiss impact investment funds responsAbility and Symbiotics, IFC said in a press release.
The deals marks the first syndicated loan under IFC's B-lender program in Paraguay and the first time the multilateral agency has supplied financ
Paraguayan bank gets $25m to support loans to micro businesses and SMEs