IIC Signs Loan To Leasing Total S.A. In Peru

04/28/2010

The operation, of up to US$1.5 million, will enable the growth of small and medium-size enterprises in Peru

Washington, D.C. - On April 29, 2010, the Inter-American Investment Corporation (IIC) signed a loan of up to US$1.5 million to Leasing Total S.A. in Peru.

Leasing Total was established in 1997 and specializes in financial leasing. It is regulated by Peru's Superintendencia de Banca, Seguros y AFP. Leasing Total prvides financing for purchases of equipment, machinery, and vehicles to small and medium-size companies that provide services to large companies in the utilities, construction, oil and mining, and other sectors. For more information on Leasing Total, please visit www.leasingtotal.com.pe.

The loan will be used to finance the growth of Leasing Total’s financial leasing portfolio by financing eligible enterprises whose assets or sales do not exceed US$10 million per year.

According to David Núñez, Leasing Total's General Manager, "The IIC loan will enable us to gain better access to multilateral lenders and thus complete our funding sources for continued, sustainable growth of our company."

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 forty 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: Olga Lucía De Narváez

Telephone: + (571) 325-7052

Email: olgadena@iadb.org