FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 22,000,000
USD $ 7,000,000
USD $ 15,000,000
Project scope and objective
The project aims to finance Small and Medium-sized companies (“SMEs”) through factoring and financial leasing operations in Chile. The proposed operation includes a senior unsecured A/B loan, composed of: (i) an A Loan of up to US$15 million to be financed by IDB Invest, for a term of up to four years, including up to 18 months of grace; and (ii) a B Loan of up to US$7 million to be financed by commercial banks, other financial institutions, or other entities through the signing of participation agreements, for a term of up to two years with a one-year grace period. The funds will support the credit activities that Factotal carries out with SMEs in Chile, financing factoring and leasing operations to mitigate the effects of the COVID-19 pandemic, and will also be aimed at providing financing for SMEs led by women.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005