June 3, 2022 |
IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said that it granted a $50 million loan for Mexican lender Compartamos Banco to fund loans to small businesses run by women.
"The deal will contribute to the growth of microcredits to micro and small companies, in particular to women-led businesses which has been a traditional focus of Compartamos," IDB Invest said in a press release on Thursday.
According to IDB Invest, 15.2% of small formal companies in Mexi
IDB's private sector affiliate provides $50 mln to finance women-run businesses in Mexico