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Vision CL PYG

Sector: Manufacturing (Industrial) • Location: Paraguay

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project (the “Project”) consists of a 5-year Guarani-denominated A-Loan for an equivalent of up to US$15 million to Vision Banco S.A.E.C.A. (the “Bank”, “VB” or “Vision”). The Project, which will increase access to finance for micro, small and medium enterprises, will be sourced through IFC’s Master Swap Agreement with the Central Bank of Paraguay.VB was created in 1992 as a financial

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Project Information

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The project “Vision CL PYG” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Paraguay. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

The proposed project (the “Project”) consists of a 5-year Guarani-denominated A-Loan for an equivalent of up to US$15 million to Vision Banco S.A.E.C.A. (the “Bank”, “VB” or “Vision”). The Project, which will increase access to finance for micro, small and medium enterprises, will be sourced through IFC’s Master Swap Agreement with the Central Bank of Paraguay.VB was created in 1992 as a financial company, and was transformed into a bank in January 2008. The Bank mainly targets MSMEs and has become a leading microfinance institution. Vision has an extensive commercial network of 89 branches with national coverage and has over 318,000 customers. VB is ranked 5th out of 16 banks in terms of assets in the financial system.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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