financing your desire to grow The Corporation Serving private businesses in Latin America and the Caribbean

Transcription

1 financing your desire to grow The Corporation Serving private businesses in Latin America and the Caribbean

2 Tahuamanu Plant (Bolivia) In much of Latin America and the Caribbean, economic strategies increasingly depend on market-friendly policies that create new opportunities for private companies. But they also pose new challenges by requiring greater competitiveness, creativity, and the ability to adapt to the changing needs of the world market. Private companies must overcome their financial, technical, and knowledge shortcomings to achieve sustainable growth in this context. Meeting this challenge is vital for small and medium-size enterprises because they are both a major source of employment and the most direct link between communities and the overall economy. In Latin America and the Caribbean, small and medium-size enterprises (SMEs) account for more than 90% of manufacturing companies and provide employment to over half the manufacturing workforce. Over 6 million SMEs contribute half of the region's gross domestic product. The Inter-American Investment Corporation works closely with private companies throughout the region to help them overcome challenges, reformulate business strategies, and adopt new technologies so they can continue to drive development.

3 Thanks to the 35 million dollar long-term loan from the IIC, we were able to strengthen our supply chain of more than 5,500 suppliers, many of whom are farmers. With these funds we are also assisting about 6,000 small businesses, such as bakeries, that make up our client network. Daniel H. Ercoli Executive Director, Molino Cañuelas (Argentina) Molino Cañuelas an Argentinean company, is a leading flour exporter and an important producer of food and oils. It has 1,000 employees.

4 With the 100,000 dollar loan we finished setting up our store in the Managua airport. Our quality products are now reaching a greater number of customers, which will benefit our company and the hundreds of small, hard-working coffee growers with whom we work. John Castellón López General Manager and owner of Cafetalera Castellón, S.A. (Nicaragua) Cafetalera Castellón is a small Nicaraguan company that produces and exports specialized coffees. Its main clients are in the United States, Europe, and Japan. Currently, annual sales exceed 600,000 dollars.

5 who we are The Inter-American Investment Corporation is the only regional multilateral institution that provides financing to private businesses in Latin America and the Caribbean with a special focus on small and medium-size enterprises. Behind the IIC s name is a team of people who are highly professional but friendly, too. Working with the IIC meant performing such a thorough analysis of my company that even I, the manager, got to know it better. Francisco Correa, General Manager, Exportadora Ben David (Chile) Since its creation in 1989, the Corporation has granted over 2.6 billion dollars in loans to private companies in the region. This financing has enabled the development, expansion, and modernization of businesses and companies in key sectors such as agriculture and agribusiness, aquaculture and fisheries, chemicals and plastics, energy, education, healthcare, infrastructure, livestock and poultry, wood, pulp and paper, manufacturing, industrial processing zones, and textiles. Financing from the IIC has gone to nearly 500 companies and, indirectly, to over 800,000 SMEs, thus contributing to the creation of thousands of jobs and generating foreign exchange and new business opportunities, as well as improving living standards in local communities.

6 A range of financial products tailored to the needs of our business clients: we offer companies much more than money We offer terms from 2 to 15 years, competitive fixed or variable interest rates, and amounts between 100,000 and 20 million dollars. We also provide local-currency financing alternatives. Loans Short-, medium-, and long-term In local currency Syndicated with other banks Standardized for small amounts Subordinated Partial credit guarantees for loans and debt instruments Equity and quasi-equity investments Financing through supply chains Personalized technical advice for improving financial, environmental, and business management

7 Banco ProCredit Headquarters, Managua (Nicaragua) One of the IIC's goals is to increase the volume of loans to small and medium-size enterprises through financial intermediaries. To this end, it has created a line of products that enable SME finance institutions in the region to expand and strengthen their portfolios. Lines of credit for expansion projects Working capital lines Financial and operating lease lines Trade finance facilities Cofinanced loans Agency lines Loan and bond issue guarantees Banco ProCredit Headquarters, San Salvador (El Salvador) what we offer financial institutions We have worked with the IIC on several projects and have found it to be a partner with a deep understanding of how things are in our country and what financial institutions need. The IIC s team of professionals can be as flexible and responsive as necessary to shepherd projects in a changing environment. Eduardo Ávila Zaragoza, Finance Director of Banco Continental (Peru)

8 Reysahiwal Dairy Plant (Ecuador) The Inter-American Investment Corporation has enabled Agrícola Ganadera Reysahiwal to achieve sustainable growth and provide technical and financial support to over 2,000 small and medium-size dairy farmers and 100 microentrepreneurs who distribute our products. With this investment, we have implemented the highest food manufacturing standards in our milk pasteurizing plants, and we have the most modern cheese plant in Ecuador. Rafael Wong, President of Reysahiwal (Ecuador) we finance companies that are profitable have growth potential Fanapel, Juan Lacaze Plant (Uruguay) have audited financial statements comply with national labor regulations we finance projects that are financially feasible and profitable Dori, Marilla Plant (Brazil) do not damage the environment Reysahiwal Milking Plant (Ecuador)

9 The IIC s financial support represents a wonderful opportunity for us to offer our clients access to financing with appropriate terms and costs. With this 1 million dollar loan we are reaching microentrepreneurs in the tourism and agricultural sectors with amounts between15,000 and 50,000 dollars and helping them become more competitive in this globalized market. Mauricio A. Gómez Picado Executive Vice President of Corporación CAFSA (Costa Rica) Financiera CAFSA and Arrendadora CAFSA are part of Corporación CAFSA, a Costa Rican financial group that has 27 employees and a customer base of 2,600 active clients.

10 For us, 3 million dollars in financing for seven years was a good option because we used the funds to modify and repair fifteen barges, increase their load capacity, and extend their useful life. We are very pleased to be working with the IIC because the operating efficiency helped improve product export logistics yearround and made our company more profitable. Jan van Hoogstraten General Manager, Bowfluvial (Paraguay) Bowfluvial de Navegación is a Paraguayan company with a 160-person workforce that provides river transport on the Paraguay-Paraná waterway.

11 to grow in competitiveness opportunities profitability productivity operations resources partnerships clients innovation other markets new business the corporation Strength, support, and a team of professionals that provides personalized advice and the best financing for your project.

12 IIC Chile Tel. (562) IIC Colombia Tel. (571) IIC Costa Rica Tel. (506) IIC Guatemala Tel. (502) IIC Nicaragua Tel. (505) Ext. 110/158 IIC Paraguay Tel. (59521) IIC Uruguay Tel. (5982) Inter-American Investment Corporation 1350 New York Avenue, NW Washington, DC U.S.A.