IDB grants US$10m to factoring company for SMEs in Chile and Peru


IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently disbursed a four-year loan of US$10 million to Factotal SA, a Chile-based provider of factoring, leasing and vendor-finance services for SMEs. The deal, which is the fourth between the parties, is intended to boost SMEs’ access to finance. It also includes IDB Invest advising Factotal on modifying its corporate governance, environmental policy and asset-laundering prevention practices to align “with the best international practices in the field.”



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