BancoSol and IDB Invest promote women-led businesses through the first gender bond in Bolivia

BancoSol, a private bank in Bolivia, has issued the first gender social bond in Bolivia for an amount in local currency equivalent to 30 million dollars. The resources will be used to finance micro and small businesses led by women (MSE Women) in the country.

The issuance took place in the Bolivian stock market, with the support of IDB Invest through a partial credit guarantee covering up to 50% of the issued capital.

The project is also supported by the Women Entrepreneurs Financing Initiative (We-Fi). Additionally, IDB Invest will provide advisory services and a monetary bonus of up to 200,000 dollars to BancoSol, subject to fulfilling objectives linked to the growth of the SME Women portfolio, including rural areas and the Amazon region.