Banpro: Access to Renewable Energy and Energy Efficiency in Nicaragua

repaid

Banpro (the “Bank”) is the largest bank in Nicaragua, as measured by total assets, loan portfolio and deposits. The Bank offers commercial, consumer and mortgage loans, as well as foreign exchange and trade finance services, serving primarily corporate clients across industries, with a focus on the agriculture, industrial, commercial, construction, and tourism sectors.The purpose of the Project is to grant financing to Banpro in order to (a) support the growth of Banpro’s “Green Financing” portfolio; and (b) provide expanded access to finance for its corporate, small and medium-sized enterprises (“SMEs”) and small agricultural producers to implement the following solutions: (i) renewable energy technologies; (ii) energy efficiency measures; and (iii) improved water and irrigation systems and other adaptation methods to mitigate climate risks for the agricultural sector, commonly referred as Climate Smart Agriculture practices (“CSA”).