Amérika Financiera S.A. in Peru receives a subordinated loan from IIC
With long-term financing Amérika Financiera will be able to increase its SME portfolio and broaden the range of products and services it offers to small and medium-size companies
Washington, D.C. - On September 28, 2010, the Inter-American Investment Corporation (IIC) approved a subordinated loan of up to US$3.5 million to Amérika Financiera S.A., intended to strengthen the finance company’s capital.
Rita Bettiol, IIC investment officer in charge of the operation, stated: "With this operation, the IIC is supporting small and medium-size Peruvian enterprises because Amérika Financiera will be able to increase its SME portfolio through a wide range of products and services that are key for SME development and growth."
Because Amérika Financiera is a small organization that only recently converted into a finance company, this subordinated IIC operation will provide it with financial strength, as well as advice in corporate governance matters. The IIC will sell a 50% share of the subordinated loan to the China-IIC SME Equity Investment Trust Fund.
About Amérika Financiera
Amérika Financiera was created as such upon the reorganization of the finance leasing company América Leasing S.A. and its conversion into a finance company. Since it first started operations, it has focused on small and medium-size companies. Its performance has made it the market’s largest leasing company not related to a bank group, and the one with the largest client base. For more information on Amérika Financiera, visit www.amerikaf.pe.
About the China-IIC SME Equity Investment Trust Fund
The fund specializes in venture capital investments in small and medium-size enterprises in Latin America and the Caribbean. It was established by the IIC in 2009, with a contribution from the People’s Republic of China, to spur growth and development in the region through equity and quasi-equity investments.
About the IIC
The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2009, the IIC reached US$1.4 billion in assets and approved 40 operations channeling US$299.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int.
Contact: Rita Bettiol
Telephone: (202) 623-1263