MICROCAPITAL BRIEF: IDB Invest Lends $15m to Cordada to Bolster Lenders to MSMEs in Chile, Mexico, Peru

IDB Invest, the private-investment member of the US-based Inter-American Development Bank (IDB) Group, recently announced a loan of USD 15 million to Cordada, a funder of financial technology (fintech) and other lenders to micro-, small and medium-sized enterprises (MSMEs) in Peru, Mexico and Chile. The deal includes a renewable two-year term as well