SAN JOSÉ — IDB Invest has signed a financing agreement of up to $15 million with AGE Capital to expand access to credit for micro, small, and medium-sized enterprises (MSMEs) and independent professionals in Costa Rica.
The project aims to broaden access to financing, particularly in rural and coastal areas far from major urban centers, facilitating the acquisition of work vehicles—a key input for local economic activity.

This operation will help improve productivity and strengthen the economy in rural, coastal, and extended urban areas. The impact will be especially significant for businesses engaged in productive, service, and transportation activities, as well as for entrepreneurs who rely on mobility to access markets and opportunities.

The financial structure includes a loan of up to $15 million, consisting of a committed tranche of $10 million and an uncommitted tranche of up to $5 million. This operation will enable AGE Capital to sustainably expand its portfolio and offer medium- and long-term financing solutions tailored to the needs of MSMEs. The project will benefit, among other segments, women-led businesses and communities with limited access to financial services.

In addition to financing, IDB Invest will provide technical assistance to strengthen AGE Capital’s commercial strategy focused on MSMEs in rural and coastal areas, as well as to improve its corporate governance and environmental and social management.

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 440 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 AGE Capital

AGE Capital is a financial institution specializing in credit and leasing solutions for the automotive sector in Costa Rica. It is part of AGE Holding, a business conglomerate with more than 60 years of experience in the national market. As the financing arm of Veinsa Motors (the country’s second-largest dealership), AGE Capital provides access to financing for new and used vehicles from the group’s 12 brands, promoting mobility through innovative and digital solutions.