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The OPEC Fund
for International
Development
  1. Operations
  2. Banco ProCredit Nicaragua

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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.

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