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- Operations
- Banco ProCredit Nicaragua
Banco ProCredit Nicaragua
Nicaragua
Borrower | Banco ProCredit Nicaragua |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Financial |
Approved | 14.03.2006 |
Signed | 07.09.2006 |
Status | Completed |
Loan Administrator | OPEC Fund |
OPEC Fund Contribution (US$m) | 5.00 |
Banco Procredit Nicaragua has recently been
converted to a fully-fledged bank and is engaged
primarily in the provision of microfinance services
through its headquarters and various provincial
offices throughout Nicaragua. Given the size of
loans and the operational focus of Banco Procredit,
activities will concentrate on lending to the
micro and small business sector, which is regarded
as the most promising in terms of employment
creation, general economic benefits and poverty
alleviation.