The general development objective of the program is to support the economic recovery of Micro, Small and Medium Enterprises (MSMEs) in Ecuador. The specific development objective is to expand access to credit for Ecuadorian MSMEs through the CFN's second-tier financial instruments.

Project Detail

Country

Ecuador

Project Number

EC-L1279

Approval Date

November 30, 2022

Project Status

Implementation

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

GCR (Global Credit Operation)

Facility Type

-

Environmental Classification

-

Total Cost

USD 300,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 300,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5676/OC-EC Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 5676/OC-EC
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44260
Project Monitoring Report ( Public version)
EC-L1279 First period Jan-Jun 2023 - Public Report.PDF
Jan. 26, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43915
Project Monitoring Report ( Public version)
EC-L1279 Second period Jan-Dec 2022 - Public Report.PDF
Jul. 20, 2023
English
https://www.iadb.org/document.cfm?id=EZIDB0000366-2056220512-9320
Loan Contract
Contrato - Programa CRECER – Crédito para el Crecimiento Empresarial y Recuperación.pdf
May. 08, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0000366-2056220512-9321
Loan Contract
Garantia - Programa CRECER – Crédito para el Crecimiento Empresarial y Recuperación.pdf
May. 08, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49737
Loan Contract
CRECER Program. Credit for Business Growth and Recovery.pdf
Jan. 19, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49738
Loan Contract
Programa CRECER – Crédito para Crecimiento Empresarial y Recuperación.pdf
Jan. 19, 2023
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-68352272-47
Loan Proposal
EC-L1279 - Publicacion Interna DIR.pdf
Nov. 16, 2022
Spanish
 Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-68352272-51
Publication
Ecuador. Loan proposal for the Crecer Program. Credit for Business Growth and Recovery.pdf
Dec. 01, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-68352272-52
Publication
Ecuador. Propuesta de Prestamo para el Programa Crecer – Credito para Crecimiento Empresarial y Recuperacion.pdf
Dec. 01, 2022
Spanish
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-68352272-1
Project Profile
EC-L1279 - PP Publicacion.pdf
Aug. 01, 2022
Spanish

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