IDB Invest boosts women-led SMEs and green finance in El Salvador through Bancoagrícola

Bancoagrícola de El Salvador has obtained financing in the amount of US$70 million from IDB Invest. The objective of the transaction is to boost the growth of SMEs, women-led SMEs, and green credit related to climate change mitigation.

The project has a blended financing component in the form of economic incentives, with the support of the Women Entrepreneurs Finance Initiative (We-Fi), to strengthen Bancoagrícola’s Pyme Mujer strategy and build capacity to reach a greater number of women-led SMEs. IDB Invest will provide the issuer with advisory services and a monetary bonus subject to meeting objectives related to the Pyme Mujer portfolio. The term of the transaction is 10 years.