For Omni, "having IFC's partnership is very relevant to our company. It is a seal of credibility for our actions, and, above all, it demonstrates an alignment with our purpose. We are certain that this credit line will give even more impetus to business with micro-entrepreneurs and self-employed truck drivers, who are often placed on the margin of financial inclusion, and to immigrants and refugees who come to try their luck in our country", says Tadeu Silva, Omni's President.
"This project will address the financing needs of MSMEs and low-income households whose income streams are being negatively affected by the COVID-19 pandemic. We are also one step closer in achieving our goal to scale up access to a range of high-quality financial services for underserved areas, maximizing the development impact and narrowing the income and employment gaps between the different regions of Brazil," says Carlos Leiria Pinto, IFC's Country Manager in Brazil.
IFC has been active in contributing to the creation of an enabling environment for financial inclusion. During the pandemic, IFC assisted critical financial intermediaries to remain viable by helping them stabilize, sustaining their operations into the recovery period, and supporting the ongoing operations of their MSME clients. The global development institution has also worked extensively over the last few years with public and private sector stakeholders in Brazil to identify and catalyze private sector solutions to create economic opportunities and promote the resilience of the displaced and host communities.
About Omni
Present in the market since 1994, Omni is a solid financial institution and recognized for having one of the best credit services in Brazil. With national operations, it has consolidated itself as one of the main players in used vehicle financing, retail credit and microcredit. The Company expanded its operation into several segments to serve consumers with less access to credit, who are looking to carry out their personal and professional plans.
About IFC
IFC-a member of the World Bank Group-is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
Stay Connected
www.ifc.org/lacwww.twitter.com/IFC_LACwww.linkedin.com/company/ifc-américa-latina-y-el-caribewww.facebook.com/IFCwbgwww.instagram.com/ifc_org/www.youtube.com/IFCvideocastswww.twitter.com/IFC_org
"This project will address the financing needs of MSMEs and low-income households whose income streams are being negatively affected by the COVID-19 pandemic. We are also one step closer in achieving our goal to scale up access to a range of high-quality financial services for underserved areas, maximizing the development impact and narrowing the income and employment gaps between the different regions of Brazil," says Carlos Leiria Pinto, IFC's Country Manager in Brazil.
IFC has been active in contributing to the creation of an enabling environment for financial inclusion. During the pandemic, IFC assisted critical financial intermediaries to remain viable by helping them stabilize, sustaining their operations into the recovery period, and supporting the ongoing operations of their MSME clients. The global development institution has also worked extensively over the last few years with public and private sector stakeholders in Brazil to identify and catalyze private sector solutions to create economic opportunities and promote the resilience of the displaced and host communities.
About Omni
Present in the market since 1994, Omni is a solid financial institution and recognized for having one of the best credit services in Brazil. With national operations, it has consolidated itself as one of the main players in used vehicle financing, retail credit and microcredit. The Company expanded its operation into several segments to serve consumers with less access to credit, who are looking to carry out their personal and professional plans.
About IFC
IFC-a member of the World Bank Group-is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit www.ifc.org.
Stay Connected
www.ifc.org/lacwww.twitter.com/IFC_LACwww.linkedin.com/company/ifc-américa-latina-y-el-caribewww.facebook.com/IFCwbgwww.instagram.com/ifc_org/www.youtube.com/IFCvideocastswww.twitter.com/IFC_org
www.ifc.org/SocialMediaIndex
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IFC - International Finance Corporation published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 14:25:01 UTC.
