World Bank's IFC to finance $115 million for firms in Nicaragua

IFC, a member of the World Bank Group, is structuring a transaction to provide up to $115 million in financing to Nicaragua's Banco Lafise Bancentro to boost access to credit for small entrepreneurs and provide housing loans for families.

In addition, IFC's financing is linked to the development of Lafise Bancentro's climate smart portfolio for companies that want to adopt more energy efficient practices.

Source: Lafise Bancentro press release