primarily micro-entrepreneurs in Paraguay by facilitating access to private sector long term finance for an innovative package of access to credit and technical assistance, specifically for progressive, rehabilitation, expansion and home improvements. In an effort to accomplish this objective, the IDB is proposing to provide a Partial Credit Guarantee (PCG) of up to US$2.5 million; equivalent in Paraguayan Guaranies (PGY), from the OMJ Facility to Vision Banco S.A.E.C.A., a leading commercial bank in Paraguay specialized in microfinance. With the IDB PCG, Vision will be able to borrow US$3 million, equivalent in PGY, from Citibank N.A. Paraguay (the Guaranteed Loan).
Project Detail
Country
Paraguay
Project Number
PR-L1057
Approval Date
December 10, 2010
Project Status
Implementation
Project Type
Guarantee
Sector
URBAN DEVELOPMENT AND HOUSING
Subsector
HOUSING
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
PCG (Partial Credit Guarantee)
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 2,500,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 2,500,000.00
Can’t find a document? Request information
https://www.iadb.org/document.cfm?id=EZSHARE-186272563-8
Environmental and Social Management Reports
Environmental _ Social Management ReportsEnvironmental _ Social Management Report [35393464].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-186272563-6
Project Profile
Project Abstact_ PR-L1057 - Improved Housing Program for Low-income Families in Urban Paraguay [35345618].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-186272563-7
Project Profile
Environmental and Social Strategy (ESS)_ PR-L1057 Improved Housing Program for Low-income Families in Urban Para [35345626].PDF
Dec. 31, 1999
English
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