Institute of Private Enterprise Development (IPED)

approved

The Institute of Private Enterprise Development(“IPED”)was founded in 1985. The main goals of IPED are to support the micro and small enterprises through finance, capacity building and advisory.This project consists of a senior loan of up to US$5 million with a tenor up to five years, including a grace period of up to one year. The loan proceeds will be used to finance sub loans aimed at Micro, Small and Medium-Sized Enterprises (“MSMEs”), with a specific focus on women-led MSMEs. Likewise, the project will be accompanied by technical advisory services provided by IDB Invest that will support IPED in the development of a strategy focused on the MSME segment with specific focus on women, which support the increase of this target portfolio within their portfolio and also, in matters of digitization to achieve greater financial inclusion.