PROJECT

Projects

Summary of Investment Information

Project Number

50182

Company Name

Banco Cooperativo Sicredi S/A.

Date SPI Disclosed

Mar 18, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Apr 17, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 22, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : May 22, 2025
Signed : Aug 6, 2025
Invested : Aug 20, 2025

Sector

Commercial Banking - General

Project Description

The proposed investment entails an up to 5-year A/B loan financing package of up to US$250 million. This financing will be provided to Banco Cooperativo Sicredi S.A. (Bansicredi or the Bank) to support micro and small-sized enterprises (MSEs) through Sistema Cooperativo Sicredi S.A. (Sicredi or the System), one of Brazil's largest and most influential cooperative networks. The project’s proceeds would be allocated as follows: 80% to women-led MSEs and 20% to MSEs located in the Legal Amazon region, where Sicredi frequently serves as the primary financial institution in small, remote cities throughout the region.

                                                   

Associated Advisory Engagement

IFC will also support Sicredi’s expansion in the region through Banking on Women Advisory (#606101), which encompasses the design of Sicredi’s strategy for WMSMEs in the Amazon, including financial services, non-financial services, channels, and relationship model.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation