Bradesco Create

active

The Project’s objective is to support lending to micro, small and medium enterprises (“MSME”) operating within regional productive clusters (“APL”, for Arranjos Produtivos Locais) in Brazil, through Banco Bradesco S.A. (the “Bank” or “Bradesco”). Addressing the lack of access to finance for MSMEs is a strategic priority for IFC as it is considered a constraint to shared prosperity and poverty reduction. The Project will also target MSMEs in the North and Northeast regions of Brazil, and MSMEs operating in Creative Industries (“CI”), which include industries that use culture and creativity as their main input to produce functional outputs with commercial value. The Project will continue to support an existing relationship between IFC and Bradesco, one of the leading financial groups in Latin America with an extensive footprint in the MSME segment and in the Brazilian economy.