August 9, 2019
Multilateral lender could provide $41m to RED Asset in Brazil and $20m to Sogebank in Haiti
International Finance Corporation (IFC) said it has received requests to provide funding for loans to small businesses in Brazil and Haiti.
In Brazil, IFC could invest up to BRL160m ($40.8m) in a debt fund managed by RED Asset to support loans to small and medium-sized enterprises (SMEs). IFC's board will review the proposal on September 9.
In Haiti, IFC could grant a $20m loan for the local lender Sogebank to grow its microfinance division Sogesol and fund loans to small businesses, including agribusinesses. The board will consider the request on September 25.