Bangente Investment
Bangente will offer financial services through business offices that will be located in Venezuela's main cities, starting in 1998 with five branches in Caracas, Maracaibo, Valencia, Maracay, and San Cristobal. The project will establish a trust and outsource certain administrative tasks, including cash management, accounting, and payroll.

Project Detail

Country

Venezuela

Project Number

TC9703241

Approval Date

May 6, 1998

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 800,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 800,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-5948-VE Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-5948-VE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing