Ecuador-based Cooperativa de Ahorro y Crédito Jardín Azuayo (CJA), with support from IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is issuing bonds to raise a total of USD 20 million. The Netherlands-based cooperative Oikocredit and IDB Invest each have committed to purchase
Tag: Latin America and the Caribbean
MICROCAPITAL BRIEF: LAGreen, UNEP-FI Promoting Green Bonds with Training in 8 Countries in Latin America, Caribbean
The Latin American Green Bond Fund (LAGreen), a Luxembourg-based investor in projects deemed sustainable, and the UN Environment Programme (UNEP) Finance Initiative, a public-private partnership, recently delivered a training series for banks in the Dominican Republic and Latin America to encourage them to invest in bonds that fund impact-oriented projects. Examples of efforts LAGreen has funded in the past include
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