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"Banorte Todo Día -The Bank of the Neighborhood"
The objective of this project is: (i) to provide financing to thel ocal grocery shops - small and medium size markets known as "mercaditos" - so they can offer higher-quality service to low-income residents in the region and (ii) to facilitate access to credit and banking products and services for the low income population in the northeastern region of Brazil by leveraging these "mercaditos" as points of sale to these communities.

Project Detail

Country

Brazil

Project Number

BR-L1298

Approval Date

October 19, 2011

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 10,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2596A/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2596B/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 2596A/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2596B/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29141
Elegibility Review Meeting
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36146348].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-12380
Elegibility Review Meeting
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36147735].PDF
Dec. 31, 1999
Other
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29139
Elegibility Review Meeting
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36147667].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-12379
Elegibility Review Meeting
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36147660].PDF
Dec. 31, 1999
Other
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-12378
Elegibility Review Meeting
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36147559].PDF
Dec. 31, 1999
Other
Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29136
Agreement - Financial Closing - SCF
Banorte Todo Dia_ The Neighborhood Bank [36417404].PDF
Apr. 03, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29137
Agreement - Financial Closing - SCF
Banorte Todo Día_ El Banco Vecino [36417236].PDF
Apr. 03, 2014
Spanish
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29135
Project Abstract
Project Profile El Banco Vecino - Banorte Todo Dia (3) [36146307].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29140
Project Abstract
Abstrato de Projeto - Banorte Todo Dia_ O Banco Vizinho [36146167].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2135371203-29138
Environmental and Social Strategies
Estrategia Ambiental y Social_ Banorte Todo Dia [36146201].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1274608283-10031
Project Abstract
Abstracto de Proyecto_ Banorte Todo Dia [36146182].PDF
Dec. 31, 1999
Portuguese

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