Project detail - BANCO IMPROSA S.A.

BANCO IMPROSA S.A.

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Who is our client

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.

Funding objective

The funding objective is to contribute to Banco Improsa Capacity Development (CD) project for serving women-owned businesses in Costa Rica.

Why we fund this project

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
12/12/2018 USD 20.00 MLN
Region
Latin America & The Caribbean
Country
Costa Rica
Sector
Financial Institutions
Signing date
5/29/2019
Total FMO financing
EUR 0.04 MLN
Fund
FMO
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