BANCO IMPROSA S.A.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Banco Improsa. S.A. is a medium-sized bank in Costa Rica that focuses mainly on the SME segment. It is the 5th largest private bank in Costa Rica with a total asset size of USD 720 mln. Its main customers are SMEs in the construction, commerce, services, trade, transport, housing and tourism sector.
What is our funding objective?
The funding objective is to contribute to Banco Improsa Capacity Development (CD) project for serving women-owned businesses in Costa Rica.
Why do we fund this investment?
Banco Improsa would like to engage the advisory services of a local consultant to support it in its gender finance journey and build its capacity for better serving the women’s market, to be co-funded by FMO’s Capacity Development Program. The final aim is to grow the number of women and average loan size in the SME portfolio in a more sustainable, effective and efficient way.
More investments
| Date | Total FMO financing |
|---|---|
| 2/14/2020 | USD 20.00 MLN |
| 10/8/2024 | USD 20.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Effective date
- 5/29/2019
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B