PROJECT

Projects

Summary of Investment Information

Project Number

42281

Company Name

BANCO FAMILIAR S.A.E.C.A.

Date SPI Disclosed

Apr 3, 2019

Country

Paraguay

Region

Latin America and the Caribbean

Projected Board Date

May 3, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 8, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : May 23, 2019
Signed : May 28, 2019
Invested : Aug 9, 2019

Sector

Commercial Banking - General

Project Description

 The proposed investment consists of an up to 5-year loan for up to US$8 million to be provided by IFC to Banco Familiar S.A.E.C.A (“Familiar” or the “Bank”) and an up to 3-year loan for up to US$17 million to be mobilized from other lenders under IFC's B lender program to expand the Bank’s micro, small and medium enterprises (“MSMEs”) lending program (the “Project”) in Paraguay (the “Country”).                                                  

Associated Advisory Engagement

 IFC will also provide a diagnostic report to assess the Bank’s readiness for Banking on Women.                              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation