Inversiones Papeleras, S.A (“INPASA”), Insumos y Suministros Gráficos, S.A. (“INSUGRAFIXSA”), Impresiones a Colores, S.A. (“Print Colors”), and Agropecuaria San Alejandro, S.A. (“Agropecuaria San Alejandro”)
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Mayorga Delgadillo, Luisa
Project scope and objective
The Rivera Group is a de facto holding company consisting of four medium-sized companies, INPASA, INSUGRAFIXSA, Print Colors, and Agropecuaria San Alejandro, which are engaged in various commercial activities and whose main line of business is manufacturing notebooks and printing. They are the only national-level companies that produce notebooks locally, manufacturing them according to the buyer’s needs and offering personalized products at low prices. These companies are jointly seeking long-term financing secured by a mortgage and pledge, for the purpose of: (i) purchasing machinery to increase their productive capacity, as well as to improve quality and efficiency; (ii) working capital so that the company can incorporate new raw materials with which to expand the product portfolio; and (iii) refinancing the debt to achieve a better match between their liabilities and assets.
The total cost of the project is US$6 million and the loan will be up to US$2.7 million with an eight-year term and a grace period of two years. With the participation of the IIC, these companies will be able to access better financing conditions that do not limit their normal operations, increase their productive capacity, and improve flow. At the same time, the IIC will be supporting a sector that is an importance driver of Nicaragua’s economy.
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