- Banco LAFISE Bancentro Facility
Banco LAFISE Bancentro Facility
13287 // Nicaragua
|Borrower||Banco LAFISE Bancentro S.A. (BLB)|
|Financing Type||Private Sector & Trade Finance|
|Instrument||Private Sector Debt|
|OPEC Fund Contribution (US$m)||12.50|
This transaction supports Lafise Bancentro SA in Nicaragua to boost access to finance for small and medium-sized enterprises. The proceeds are intended to provide Lafise with access to finance and improve the bank’s capital. The loan is part of a larger syndication that is being structured by IFC, a member of the World Bank Group. The syndication is linked to the development of Lafise’s climate smart portfolio for companies that want to adopt more energy efficient practices and utilize cleaner energy sources. The objective is to help companies access credit to invest in resource efficient and clean energy projects. The syndication will also increase access to low and middle-income housing for Nicaraguan families.