📋 Tender Overview
COMPANY NAME
Institute of Private Enterprise Development Limited (IPED)
PROJECT NUMBER
15117-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S CATEGORY tooltip
FI-2
COUNTRY
Guyana
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
12/06/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
01/17/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Financial Institutions Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 5,000,000
CURRENCY
USD
Project scope and objective
The Institute of Private Enterprise Development ( IPED ) was founded in 1985. The main goals of IPED are to support the micro and small enterprises through finance, capacity building and advisory. This project consists of a senior loan of up to US$5 million with a tenor up to five years, including a grace period of up to one year. The loan proceeds will be used to finance sub loans aimed at Micro, Small and Medium-Sized Enterprises ( MSMEs ), with a specific focus on women-led MSMEs. Likewise, the project will be accompanied by technical advisory services provided by IDB Invest that will support IPED in the development of a strategy focused on the MSME segment with specific focus on women, which support the increase of this target portfolio within their portfolio and also, in matters of digitization to achieve greater financial inclusion.
