Banpaís Honduras: Senior Financing for SMEs

proposed

The Project consists of an unsecured senior A/B loan of up to US$200 million, to be granted to Banco del País ("Banpaís" or "the Bank"), with a term of up to five years from disbursement. IDB Invest will fund up to US$50 million of the loan (with the possibility of an additional uncommitted tranche of approximately US$50 million additional), while the remaining portion (approximately US$100 million) will be covered by one or more external participants. The implementation of a Technical Advisory provided by IDB Invest will be evaluated together with Banpaís, aimed at strengthening the Bank's capacities in relation to the target portfolio. The main objective of the financing is to expand the Bank's credit portfolios and financing towards projects focused on small and medium-sized enterprises (including women entrepreneurs) in Honduras. The transaction may also be complemented with blended finance resources from the We‑Fi fund, aimed at encouraging access to financing for women-owned Small and Medium-Sized Enterprises (“SMEs”).