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BR-L1298 : "Banorte Todo Día -The Bank of the Neighborhood"
Project Status: Closed
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
Project Number
BR-L1298
Project Country
Brazil
Project Sector
FINANCIAL MARKETS
Project Subsector
BANKING MARKET DEVELOPMENT
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
2596B/OC-BR
Financial Information
Project Number
BR-L1298
Project Status
Closed
IDB Financing
Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023
Roles & Responsibilities
Contract signature date
May/23/2012
Operation Number
2596A/OC-BR
Financial Information
Project Number
BR-L1298
Project Status
Closed
IDB Financing
Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023
Roles & Responsibilities
Contract signature date
May/23/2012
Project Information
Total Cost
USD 10,000,000
Country counterpart financing
USD 0
Amount
USD 5,000,000
Preparation
Title
Type
Project Number
Date Published
Environmental & Social Strategies
BR-L1298
April 28, 2011
Project Abstract
BR-L1298
January 01, 1900
Project Abstract
BR-L1298
January 01, 1900
Approved
Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
2596A/OC-BR;BR-L1298
October 19, 2011
Agreement - Financial Closing - SCF
2596A/OC-BR;2596B/OC-BR;BR-L1298
October 19, 2011
Procurement Information
DATA ACCESS AND LICENSING
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