Eligibility Criteria

In general, to benefit from debt financing, eligible financial institutions must meet the following criteria:

1.Hold a licence issued by the BCC;

2.Be able to regularly provide quality financial reports and prove the existence of a cash flow forecasting system;

3.Be audited by an external body approved by the BCC. The audit of the partner financial institution (PFI) must be carried out at least by a local external professional, although it is preferable that it be an internationally recognised audit company;

4.Have documents attesting to a minimum of three years’ activity;

5.Be operationally self-sufficient and be able to provide tangible evidence that full profitability (financial self-sufficiency) will be achieved within the next two years.

6.Have a loan portfolio of at least $1 million;Translated with DeepL.com (free version)

7. Have a loan portfolio with a solid structure, defined as follows:

  • Micro-business financing: PAR 30 plus rescheduled ˂7%; rescheduled loans do not include loans already included in the PAR 30 calculation;
  • SME financing: PAR 90 plus rescheduled ˂7%; rescheduled loans do not include loans already taken into account in the PAR 90 calculation;
  • If the structure of an institution’s portfolio exceeds the limits set above, the decision to invest is subject to the unanimous approval of the Credit Committee.

Be audited by an external body. The audit of the partner financial institution (PFI) must be carried out at least by a local external professional, although it is preferable that it be an internationally recognized audit firm.

The Credit Committee may decide on a case-by-case basis to finance a PFI that does not meet the above criteria. However, no exceptions will be granted to an organization that does not meet criteria 1 and 2.


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