BBVA Paraguay II
Banco Bilbao Vizcaya Argentaria Paraguay S.A.
The purpose of the IIC loan is to finance eligible projects via subloans to eligible enterprises in Paraguay that meet IIC and Banco Bilbao Vizcaya Argentaria Paraguay S.A. loan eligibility criteria and environmental and labor requirements. These small and medium-sized enterprises (SMEs) in Paraguay need medium- or long-term financing in order to carry out their operations. Financing on appropriate terms will help create direct and indirect jobs and improve the financial structure of SMEs, which currently have limited access to financing with terms longer than one year. Eligible enterprises will use the proceeds to purchase fixed assets and machinery, as well as for working capital investments.
The US$65 million IIC loan comprises an A loan of up to US$15 million and a B loan of up to US$50 million.