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IDB Invest and Blue like an Orange Sustainable Capital Fund announce a $20 million financing to support small and medium-sized firms and green business in Ecuador

Jan 17, 2019 - PR Newswire

PR Newswire

To address the challenge of small firms accessing credit to grow their business, IDB Invest, together with Blue like an Orange Sustainable Capital Fund, announced a loan of $20 million in Produbanco, part of Promerica International Financial Group, to increase the bank´s lending to small and medium enterprises (SMEs) in Ecuador.

The financing seeks to support several of the United Nations Sustainable Development Goals, including those related to decent work, reduction of...