📋 Tender Overview
Project Number
50182
Company Name
Banco Cooperativo Sicredi S/A.
Date SPI Disclosed
Mar 18, 2025
Country
Brazil
Region
Latin America and the Caribbean
Projected Board Date
Apr 17, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Sector
Commercial Banking - General
Project Description
The proposed investment entails an up to 5-year A/B loan financing package of up to US$250 million. This financing will be provided to Banco Cooperativo Sicredi S.A. (Bansicredi or the Bank) to support micro and small-sized enterprises (MSEs) through Sistema Cooperativo Sicredi S.A. (Sicredi or the System), one of Brazil's largest and most influential cooperative networks. The project’s proceeds would be allocated as follows: 80% to women-led MSEs and 20% to MSEs located in the Legal Amazon region, where Sicredi frequently serves as the primary financial institution in small, remote cities throughout the region.
