Energy Drink Manufacturer to Open New Plant with Support from FINPYME Credit
US$450,000 loan will strengthen Corporación Desinid S.A. and boost its competitiveness
San José, Costa Rica, June 13, 2013 — The Inter-American Investment Corporation (IIC) and Corporación Desinid S.A. have signed a loan agreement for up to US$450,000 that will help the Costa Rican company procure machinery for a new energy drink manufacturing plant and boost its competitiveness locally and internationally.
The loan was approved under FINPYME Credit, the IIC’s flagship program for financing small and medium-sized enterprises (SMEs).
“The IIC loan is vital to our growth, as it will enable us to automate our production lines and expand our installed capacity,” noted Desinid CEO Karl Louis Marx. “The new machinery will enable us to produce more and export to countries in the region that we have been unable to supply up to now, despite high demand for our products.”
“With this IIC financing, Desinid will boost its competitiveness by streamlining its production processes and will open a new plant in an industrial park, enabling it to produce a higher volume in less time,” added Luisa Mayorga, IIC senior investment associate in charge of the operation.
Desinid commenced operations in Costa Rica in 1994 and currently manufactures more than 40 energy drinks in 80 different packaging formats and sizes. Ninety percent of its customers are multinational corporations in the fast food and institutional (restaurants, hotels, and supermarkets) sector. Exports to Central America, Colombia, the Dominican Republic, and Mexico account for 60% of its sales.
FINPYME Credit is a small-loans program that provides competitive financing to SMEs in Latin America and the Caribbean. Its loans range from US$100,000 to US$600,000 and are available to businesses from a variety of productive sectors. FINPYME Credit, which is offered in Costa Rica and other countries in the region, supports small companies looking to increase their sales by financing investments in working capital as well as fixed assets.
About the IIC
The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises. We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees. In 2012, the IIC approved 73 operations totaling US$378.9 million. Throughout our history, we have approved nearly 800 direct loans to SMEs and financial intermediaries, for a total of US$4.8 billion. An additional US$2.8 billion has been mobilized through cofinancing and syndication agreements. For more information on the IIC, visit www.iic.org.
Contact: Luisa Mayorga
Telephone: +505 (2) 264-9140 in Managua, Nicaragua