The International Finance Corporation (IFC) has issued a US$10m credit line to Brazilian bank Banco Triangulo (Tribanco) for small- and medium-sized enterprise (SME) financing, the IFC said in a statement.
The financing will be offered to SMEs in the form of 7-year long-term loans.
The IFC funds will go to enhancing support of the supply chain of Tribanco's parent, local wholesale distributor Grupo Martins.
"Tribanco's financing is a key component of Grupo Martins' strategy to enhance competitiveness of its SME clients," the IFC added.
The IFC is the private-sector arm of the World Bank Group.
Source: Business News Americas
