NBC Uruguay CL

completed

The proposed project involves supporting Nuevo Banco Comercial S.A. (“NBC” or the “Bank”) in providing long-term financing to SMEs in the agribusiness sector. The primary objective of the Project is to increase access to finance for Uruguay’s farmers and agribusiness SMEs, with an emphasis on expanding opportunities for the bottom of the pyramid (“BOP”) population in rural areas, and supporting the whole agricultural supply chain in a sector where Uruguay has a strong competitive advantage. This will be achieved by leveraging NBC’s strong position in agriculture finance and distribution capacity in those areas.