MFP-SME BIB WSME & Amazon

active

The proposed investment consists of a US$105 million financing package for Banco Industrial do Brasil, S.A (“BIB” or the “Bank”) in Brazil, consisting of: (i) an up to US$35 million senior unsecured “A” loan for IFC’s own account (“A Loan”); (ii) an up to US$35 million unfunded mobilization through the MCPP FIG III program, in which IFC will transfer the risk to insurance companies; and (iii) an 2-year senior unsecured “B” Loan up to US$35 million (“B Loan”). The loan proceeds will be used to fund the growth of the Bank’s loan portfolios, with a minimum of (i) 40% to finance general micro, small and medium enterprises (MSMEs), (ii) 30% to women-owned MSMEs (WSMEs), (iii) 10% to MSMEs located in the Brazilian Legal Amazon (BLA) and (iv) 20% to finance payroll loans in the BLA.For sub-projects under Platforms where the Board of Directors has delegated the approval authority to IFC management, the SII shall be disclosed 30 or 60 days, depending on the E&S rating, prior to the MOR-New Item submission date in Board Operations System (BOS).