IIC works closely with the private sector to help overcome core challenges to growth. Our loans have opened up new possibilities for companies to add value, take risks, and test new business models. We also offer loans to banks and other financial intermediaries for on-lending to achieve strong development results across the region.
We offer senior and subordinated loans at market-based rates for up to US$200 million. Typically they are provided in U.S. dollars, and we have made it a priority to finance in local currency in certain markets. The structure, terms and payment conditions for IIC loans are flexible. Senior loans have tenors for up to 20 years, while subordinated loans can go up to 15 years.
Smaller loans—from US$100,000 to US$600,000—are offered in certain markets through our FINPYME Credit program. FINPYME Credit loans can be used for a variety of business purposes, including investments in working capital and fixed assets. We also support small and medium-sized financial institutions in broadening and diversifying their sources of funding.
In structuring a loan, we can work with clients to devise new solutions that meet different needs.