The operation will strengthen businesses in key regions of the country that operate in sectors that rely heavily on physical assets, such as transportation, construction, and agribusiness.
WASHINGTON — IDB Invest has granted up to $12 million in financing to rentandes S.A.S., a company specializing in operating leases of physical assets, to expand access to machinery, equipment, and commercial fleets for micro, small, and medium-sized enterprises (MSMEs) in key regions of Colombia.
Through this financing, which will be provided in Colombian pesos, rentandes will support economic growth. It will help businesses use more efficient assets, including industrial machinery and equipment, electric and hybrid vehicles, and Euro VI trucks. This will improve MSMEs’ operational reliability, reduce their operating costs, and help them accelerate their transition to more sustainable business models.
The financing is structured as a senior loan in local currency for up to $12 million, divided into a committed tranche of up to $8 million and an uncommitted tranche of up to $4 million, both to be repaid within six years. This structure gives rentandes initial resources for expanding its portfolio, along with flexibility to meet additional demand and align the financing with the pace of investment and the useful life of the assets.
The project will enable MSMEs to access productive assets without making major initial investments. This arrangement preserves their liquidity and facilitates their growth and contribution to strengthening Colombia’s business ecosystem and developing its key productive sectors.
About IDB Invest
IDB Invest, a member of the IDB 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 $22 billion in assets under management and more than 400 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. Visit our website www.idbinvest.org/en.
About rentandes
Founded in 2000, the Colombian firm rentandes is a national leader in operational leasing of assets such as trucks, buses, cars, machinery, and equipment. It enables companies to lease productive assets that drive their growth, without taking on debt or tying up their capital.