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EC-L1279 : CRECER Program - Credit for Business Growth and Recovery

Project Status: Implementation

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

Project Number
EC-L1279
Approval date
November 30, 2022
Project Country
Ecuador
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL MARKETS
Project Type
Loan Operation
Project Lending Type
SG
Project Modality
GCR (Global Credit Operation)
Project Facility Type
Environmental and social impact category
FI
Project Status
Implementation
Operation Number
5676/OC-EC

Financial Information

Project Number
EC-L1279
Project Status
Implementation

IDB Financing

Financing type
FFF
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jan/30/2023

Roles & Responsibilities

Project Information

Total Cost
USD 300,000,000
Country counterpart financing
USD 0
Amount
USD 300,000,000

Preparation

Title
Type
Project Number
Date Published
Project Profile
EC-L1279
August 01, 2022

Approved

Title
Type
Project Number
Date Published
Loan Proposal
EC-L1279
November 16, 2022