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EC-L1137 : Access to Financing for Micro, Small, & Med-Sized Producers through Alt Channels

Project Status: Closed

This operation is also in line with the Opportunities for the Majority Initiative because (i) it facilitates access to financing for small-scale producers at the base of the pyramid, which would otherwise not be feasible due to a lack of credit history and/or collateral; (ii) it is innovative, in that it promotes the development of alternative channels for access to financing by using the platform of anchor companies in the agroindustry sector; and (iii) it is a model with potential for replication and scaling by other banks in Ecuador and in other countries in the region.financed,¿ and 3.5.6, ¿Farmers given access to improved agricultural services and investments.¿

Project Detail

Project Number
EC-L1137
Project Country
Ecuador
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
3244A/OC-EC-2

Financial Information

Project Number
EC-L1137
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Oct/29/2014

Project Information

Total Cost
USD 100,000,000
Country counterpart financing
USD 90,000,000
Amount
USD 10,000,000

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
EC-L1137
July 03, 2014
Environmental & Social Management Reports
EC-L1137;EC-L1138
June 26, 2014
Environmental & Social Strategies
EC-L1137
May 19, 2014
Project Abstract
EC-L1137
May 19, 2014
Environmental & Social Strategies
EC-L1137;EC-L1138
May 15, 2014

Approved

Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
3244/CH-EC;3244A/OC-EC-1;3244A/OC-EC-2;EC-L1137;EC-L1138
July 03, 2014
Agreement - Financial Closing - SCF
3244A/OC-EC-2;EC-L1137
July 03, 2014