Signing of Loan Agreement for the Project for Support to Financial Inclusion of Vulnerable People in Ecuador
Ecuador, April 30 -- On April 4, 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Banco Solidario S.A. (hereinafter, "Solidario") in the Republic of Ecuador, for Private Sector Investment Finance Project, and held the signing ceremony on April 28.The loan is co-financed with the Inter-American Investment Corporation (IDB Invest) under the CORE (Cooperation for Economic Recovery and Social Inclusion), a partnership framework between IDB Group and JICA.Terms and Amount of Loan1. BorrowerBanco Solidario S.A.2. Country (Target Areas)Republic of Ecuador3. Loan Amount10 million USD4. Project TitleProject for Support to Financial Inclusion of Vulnerable People5. Project PurposeThe project aims to improve the...
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