PR-L1072 : Development of Associative and Community Platforms for Access to Financing

Project Status
Approved

The objective of this operation is to support the development of small agricultural producers at the base of the pyramid, who are grouped into producer communities and cooperatives. It will achieve this through the provision of long-term financing to Paraguay's first cooperatively owned bank. Small farmer cooperatives face major obstacles in obtaining long-term financing from local banks, and this limits their ability to boost production and achieve better economic returns. To meet this objective, the Opportunities for the Majority Sector (OMJ) will provide a senior secured loan of up to US$6 million to BANCOP, the first cooperatively owned financial entity in Paraguay. IDB loan proceeds will be used to expand BANCOP's agricultural and intermediation portfolio. BANCOP is responsible for providing long-term financing in support of the working and investment capital9 needs of small-scale producers at the base of the pyramid. The transfer of resources to these producers may be made directly or through producer cooperatives. This will support linkages between small-scale producers and cooperatives so that the latter can act as an anchor for the development of rural businesses belonging to small-scale producers.

PROJECT DETAIL

Project Number PR-L1072
Financial Information
Project Number PR-L1072
Project Status Completed
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date DEC 12, 2013
Financial Information
Project Number PR-L1072
Project Status Cancelled
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date DEC 12, 2013
Country Paraguay
Sector AGRICULTURE AND RURAL DEVELOPMENT
Subsector AGRICULTURE AND RURAL DEVELOPMENT-SUSTAINABLE AGRICULTURAL DEVELOPMENT
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 6,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 6,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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