Comercial Administradora S.A.
With this loan, BIO will support Arrend in further growing its loan portfolio and permitting the additional development of its financial services to SMEs.
Amount
€ 3,962,250.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Financial Institutions
Activity
Commercial bank
Organisation
Comercial Administradora S.A.
Website
http://www.arrendleasing.com/gt/Domicile
ARREND was created in 1994 with the objective of providing vehicle and machinery leasing services to entrepreneurs in Guatemala. ARREND focuses mainly on the fields of sugar, commerce, construction and services offering leases of vehicles and specialized machinery. In 2010, ARREND expanded by opening offices in Honduras, Nicaragua and El Salvador thus marking its footprint as a regional player.
Development impacts
-
Local economic growth
The majority of Arrend’s portfolio is directly invested in SMEs (average exposure is € 24,846).
-
Private sector consolidation/innovation
Arrend helps domestic firm’s access to foreign technology when they have neither the financial resources nor the expertise to import capital goods. Financing Arrend encourages a better diversification of financial actors and the development of more diverse products.
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