Comercial Administradora S.A.

Debt : December 2018

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

Commercial bank

Organisation

Comercial Administradora S.A.

Domicile

Guatemala

More investments in

Comercial Administradora S.A.

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

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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