Banco de la Microempresas S.A., or MIBANCO, will be receiving a long term loan up to $29 million from The International Finance Corporation (IFC). The loan was disbursed in both U.S. dollars and Peruvian soles. While the IFC has worked with MIBANCO for more than five years, this is the first local currency disbursement in the country by the IFC. By allowing MIBANCO to provide longer term loans in the local currency, this will help to mitigate foreign currency risk.
Continue reading “MIBANCO of Peru Receives $29 million Microfinance Investment from IFC”
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