Banco Schahin Financing Facility

cancelled

Support Banco Schahin, a commercial bank in Brazil, to increase its consumer financing credit portfolio, to expand access to the international financial markets and to extend the tenor of its funding. The IDB loan would enable Schahin to expand its activity in paycheck deductible lending, particularly to public employees and Brazilian National Institute for Social Security ("INSS") retirees . The goal of the project is to expand access to consumer finance and enable a more competitive banking market to ultimately benefit consumers with lower spreads for consumer finance.