FERRERE assisted the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) with an A/B syndicated term facility of up to USD100 million to Banco Continental S.A.E.C.A., composed of a Facility A of USD47 million granted by FMO, Belgian Investment Company for Developing Countries, Triodos SICAV II – Triodos Microfinance fund and Triodos Custody B.V. in its capacity as custodian for triodos fair share fund and a Facility B of USD53 million, granted by a syndicate of 8 banks.

The amounts borrowed under Facility A will be used by Banco Continental to fund eligible sub-loans to small or medium business and the amounts borrowed under Facility B will be used to expand its loan portfolio through organic growth.