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- Operations
- Vision Finanzas
Vision Finanzas
Paraguay
Borrower | Vision Banco S.A.E.C.A |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Financial |
Approved | 11.09.2006 |
Signed | 20.03.2007 |
Status | Completed |
Loan Administrator | OPEC Fund |
OPEC Fund Contribution (US$m) | 4.00 |
Founded in 1992, Visión Finanzas offers a wide
range of services and products, including credit
for individuals and small and micro-enterprises.
The funding from OFID will form part of an
expansion program that is being co-financed with
deposits and lines of credit from other development
finance institutions. The on-lending to be
undertaken will assist in the expansion of private
sector development as well as employment generation
and general economic growth. Given the
size of loans and the operational focus of Visión
Finanzas, activities will focus on lending to the
micro and small business sector. This sector is
regarded as holding the greatest potential for
overall economic development and sustained
poverty reduction.