Comercial Administradora S.A.

Debt : December 2018 - December 2023

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

Latin America and Caribbean: Honduras

Investment field

Financial Institutions

Activity

K64.91 Financial leasing

Organisation

Comercial Administradora S.A.

Website

http://www.arrendleasing.com/gt/

Domicile

Guatemala

More investments in

Comercial Administradora S.A.

Debt € 1,320,750.00 (2018-2023)
Debt € 3,522,000.00 (2018-2023)

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.