The $5 million trade finance loan to Banco BHD will be used to provide financing to small and medium-size Dominican companies for foreign trade activities such as exporting and importing, as well as for working capital related to import-export operations. Banco BHD will onlend the trade finance loan proceeds to private companies that have assets or net annual sales of less than $35 million and operate in the export, trade, manufacturing, and service industries.
The IIC loan will help finance operations ranging from $10,000 to $500,000. This transaction is expected to benefit between forty and eighty small and medium-size companies. The proposed transaction is in line with the Corporation’s efforts to provide trade finance in the Dominican Republic, where this type of financing is not easy to obtain.