Project Description
Founded in 1987, Banco Sol is the first commercial bank in Latin America to focus on microcredit activities. The purpose of the credit line would be to increase Banco Sol’s on-lending activities while extending the tenor of its small business and micro loan portfolio. This project will also allow Banco Sol to increase the outreach of its lending operations. There are 600,000 small and microentrepreneurs in Bolivia and the sector represents 20-25% of Bolivian GDP. This project is expected to reach 30,000 new clients during the tenor of the credit line.