eco business Fund increases debt financing for sustainable value chains in Dominican Republic through Banco Promerica
LACIF contributes to eco.business Fund through technical assistance and financial instruments.
The loan focuses on sustainable agriculture (including cocoa, banana) and tourism.
The eco business Fund is strengthening its commitment to green growth in the Dominican Republic with a new USD 5 million subordinated loan to Promerica República Dominicana S.A. The new subordinated loan will reinforce the bank’s capacity to expand its sustainable finance portfolio in the country.
The investment is part of a syndicated transaction and builds on an existing financing package of USD 17 million granted in 2023 - Promerica’s first dedicated financing targeting sustainable and green lending. Since then, the bank has demonstrated a strong ability to channel resources to priority sectors, such as agri‑processing, including export crops like cocoa and banana, as well as sustainable tourism.
Initial investment was complemented with technical support, including workshops on international best practices to strengthen the bank’s Environmental and Social Management Systems and strategic advisory to align with the UNEP FI Principles of Responsible Banking. This support has enabled the bank to reinforce its internal frameworks and expand its positive lending portfolio.
The new facility will enhance Promerica's ability to originate loans aligned with the eco business Fund's sustainability standards, including companies implementing clearer technologies, certified agricultural practices, and sustainable tourism solutions. The fund plans to continue providing technical assistance to support the bank’s capacity building for developing new green products, reaching more companies in the country.
To date, the fund has contributed to finance around 900 hectares of sustainably managed banana production, contributing to biodiversity conservation, and climate change mitigation and adaptation, among other benefits through the fund’s green list measures.
The investment advances several UN Sustainable Development Goals: SDG 2 (Zero Hunger) by promoting sustainable agriculture; SDG 8 (Decent Work and Economic Growth) by supporting SME growth; SDG 12 (Responsible Consumption and Production) through certified and resource‑efficient production; SDG 13 (Climate Action) via climate‑smart practices; SDG 15 (Life on Land) by protecting ecosystems and biodiversity; and SDG 17 (Partnerships for the Goals) by strengthening partnerships for sustainable development.
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About eco business
The eco business Fund promotes biodiversity conservation and sustainable value chains in Latin America and Africa by providing debt financing for businesses in the sectors of agriculture, forestry, aquaculture and tourism. The fund investments can be complemented with advisory and capacity building from a separate facility. eco business was created in 2015 by Germany's KfW Development Bank, Conservation International and Finance in Motion. The fund counts with first loss capital from BMZ, the European Union and the UK-DEFRA.
For more information, please visit www.ecobusiness.fund
About Finance in Motion
Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster the sustainable use of natural resources, improve livelihoods, and promote economic opportunities.
For more information, please visit us at: www.finance-in-motion.com
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