Promerica Financial Corporation
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?
The contracting party is Promerica Financial Corporation (“PFC” or “Promerica”). Promerica Financial Corporation is a regional banking group with subsidiaries in Central America, Panama, the Dominican Republic and Ecuador.
What is our funding objective?
PFC has been actively building her gender strategy from an internal and external perspective over the past years. The objective for this particular funding is to build an ambitious and structured approach to reach and strengthen female-led SMEs, through the development of a community platform.
Why do we fund this investment?
To reduce inequalities (SDG 10) FMO continues to work towards increasing the opportunities and income for disadvantaged and excluded persons, with particular attention for female-owned businesses. The role of financial institutions such as banks is central in the providing of financial and non-financial services to support the continued growth of female-owned businesses.
More investments
| Date | Total FMO financing |
|---|---|
| 12/6/2023 | USD 25.00 MLN |
| 11/17/2022 | EUR 0.01 MLN |
| 3/7/2014 | USD 45.00 MLN |
- Website customer/investment
- http://www.promerica.fi.cr/
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Financial Institutions
- Publication date
- 12/9/2024
- Effective date
- 11/18/2024
- Total FMO financing
- USD 0.05 MLN
- Funding
- FMO NV
-
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) - A