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Banco Improsa : un prêt pour soutenir le développement et la modernisation des PME agricoles au Costa Rica
In Costa Rica, the bank Banco Improsa mainly finances SMEs, which account for the bulk of the local economic base. This project, by supporting SME development in Costa Rica, will boost economic activity and employment in the country.
Client presentation

Banco Improsa was set up in 1986 and is a niche bank specialized in credit and services for SMEs, which account for over 60% of its portfolio. It was one of the first banks in the country to offer its clients non-financial services and has a real strategy and expertise in terms of SMEs. Banco Improsa is the main entity of the Grupo Financiero Improsa (GFI) conglomerate, which is majority-owned by the Costa Rican Ortuño family.

Project description

PROPARCO's credit line will be earmarked to finance Banco Improsa's small and medium-sized enterprise clients. This is PROPARCO's third operation with the bank. 

Project impact

This operation will contribute to strengthening the financing activity for Banco Improsa's entrepreneur and SME clients in Costa Rica. More generally, it will help support employment in the country: PROPARCO's credit line will finance some 50 companies, i.e. a total of over 3,700 indirect jobs created or maintained in the SME sector.

18/09/2017
Date of signature of the project
Costa Rica
Location
Financing tool
11 839 323 Euros
Amount of funding
Loan of USD 14m
Financing details
BANCO IMPROSA SA
Client
CES