Guatemalan lender Banco Industrial has requested a sustainable loan for up to $165 million from IDB Invest, the IDB Group’s private sector arm, to fund its lending activities.
If approved, the four-year unsecured senior loan would strengthen Banco Industrial’s ESG portfolio, with a focus on micro, small and medium enterprises, especially those owned by women, as well as sustainable finance, according to IDB Invest’s website.
The financing structure comprises a committed senior loan of up to $80 million, an uncommitted senior loan of up to $30 million, a blended finance component of up to $20 million managed by IDB Invest, and a B loan of $35 million from other lenders.
The funding request comes on the heels of a $415 million package to Banco Industrial from three development lenders to spur financing for green homes and other sustainable projects.