IDB Invest has provided up to $18 million in financing to Factotal Perú S.A. to boost financial inclusion in the country. The financial package includes a $5 million loan from IDB Invest, with a tenor of up to three years, and up to an additional $13 million that will be mobilized with institutional investors.

The financing will support the factoring operations that Factotal Peru carries out with micro, small and medium-sized enterprises (MSMEs) in Peru, thus contributing to increasing access to financing for MSMEs and supporting Factotal Peru in the strategy of expanding its factoring portfolio.

Factoring has become a key financial tool for MSMEs in Peru, as it allows them to access liquidity immediately, improves their cash flow and reduces their operational burden. In a context where traditional financing can be limited, factoring is presented as an effective solution to overcome financial challenges and promote sustainable growth.

This deal is expected to contribute to two United Nations Sustainable Development Goals (SDGs): Decent Work and Economic Growth (SDG 8), and Industry, Innovation and Infrastructure (SDG 9).

About IDB Invest

IDB Invest, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

About Factotal Perú

Present in the market since 2015, it is part of Factotal S.A., an international financial group with more than 31 years of experience, with operations in Chile, the United States, Peru, Colombia and Paraguay. Factotal S.A. is one of the pioneering institutions in the Factoring sector in South America and is currently one of the companies with the longest history in the market, offering financing through Factoring (1993) and Leasing (2004) to SMEs in the region. The group's business lines include Factoring, financial and operational Leasing, as well as loans for transportation equipment. Factotal Peru already has coverage in 12 points of the country, which favors its diversification of placements in geographical terms. Today, the Factotal group has 266 employees in total and assets of over $150 million.