Banco Industrial SME

completed

The proposed project consists of a total package of US$ 50 million, composed of an A Loan from IFC’s own account of US$ 20 million and a B Loan component of US$ 30 million to Banco Industrial do Brasil S.A. (“BIB” or “the Bank”). The proceeds will be used to finance small and medium enterprises (“SMEs”) and will allow IFC to promote SME’ sustainability through financial inclusion. A minimum of 25% of the total financing package will be channeled to women-ownedSMEs, reaching the underserved women-owned business (the “Project”). The proposed project is expected to support the Bank’s financing of SMEs, and women-owned SMEs, and is aligned with the objectives of IFC’s Banking on Women program and the Women Entrepreneurs Opportunity Facility (the “WEOF” or the “Facility”), a facility created by IFC and the Goldman Sachs 10,000 Women initiative which targets the dual goals of expanding access to capital to women entrepreneurs in developing economies and demonstrating the commercial viability of investing in women.”