BLP has assisted PROPARCO in making an unsecured $30 million loan facility available to Banco Cuscatlan, S.A. The proceeds of the loan will be used by Banco Cuscatlán to make sub-loans to eligible sub-borrowers, including women-led/owned small and medium-sized enterprises in El Salvador.
This transaction is intended to provide support to small and medium-sized companies run by women in El Salvador, enabling them to develop or grow their businesses, and consequently generate new sources of employment.
BLP’s legal work on behalf of the lender PROPARCO was led by:
Mariana Nóchez
El Salvador
Partner
[email protected]
