Evoca WCS Loan
Sector: Residential • Location: Armenia
Source: International Finance Corporation (IFC)
The proposed investment consists of a senior loan of up to US$20 million under IFC’s Working Capital Solutions (WCS) to Evocabank, a new potential client in Armenia, to support lending to the Bank’s MSME clients. The proposed loan is U.S. Dollars denominated and has a one-year tenor with a renewal option up to two times at IFC’s discretion for the maximum aggregate tenor of three years. The propos
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The proposed investment consists of a senior loan of up to US$20 million under IFC’s Working Capital Solutions (WCS) to Evocabank, a new potential client in Armenia, to support lending to the Bank’s MSME clients. The proposed loan is U.S. Dollars denominated and has a one-year tenor with a renewal option up to two times at IFC’s discretion for the maximum aggregate tenor of three years. The proposed investment will alleviate the pressure on short term cash requirements for MSMEs that are negatively affected by the COVID-19 pandemic as well as help them to sustain current employment levels by providing them financing for working capital needs. Evocabank with its presence and expertise in MSME segment and its leading position in the MSME digital space is a well-suited partner for IFC to reach out to MSMEs during this crisis. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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