Banco Pan announced this Monday (31) that it received a line of US$ 150 million (R$ 809.2 million) led by IDB Invest, with the resources intended for loans to micro-businesses, such as the purchase of motorcycles for deliveries of orders.
The syndicated loan, in which DEG, an arm of the German development bank KfW, Itaú BBA and Spain’s Santander, also participate, has a term of four years.
According to the head of funding and investor relations at Banco Pan, Inácio Caminha, in addition to financing the purchase of motorcycles, the funds will also go to micro-entrepreneurs and to increase access to digital financial services for low-income people.
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
