PROJECT

Projects

Summary of Investment Information

Project Number

30835

Company Name

SUPPLIERCARD ADMINISTRADORA DE CARTOES DE CREDITO SA

Date SPI Disclosed

Jan 8, 2014

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Feb 17, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 12, 2014
Signed : Nov 6, 2014
Invested : Apr 2, 2015

Sector

Finance Companies

Project Description

SupplierCard (Project # 30835), consists of a senior loan of up to BRL40 million to SupplierCard Administradora de Cartões de Crédito S.A. (“SupplierCard” or the “Company”). The Company is a business-to-business private label credit card issuer and administrator that offers credit to micro, small and mid-sized companies (“MSMEs”).

The loan will support SupplierCard’s credit operations to MSMEs throughout Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation