Exponencial Confirming S.A.S
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 50,204,700
Project scope and objective
The proposed financing consists of a facility in which IDB Invest offers the Borrower Exponencial Confirming, as an obligor through a Trust, an uncommitted revolving credit facility. Through this facility, IDB Invest will make a series of disbursements for a capital amount of up to COP$200 thousand million (approximately USD50 million). The objective is to facilitate access to liquidity at competitive prices for suppliers of larger anchor companies (eligible debtors). The final beneficiaries will primarily be micro, small, and medium companies ("MSMEs") that sell their products and services to eligible debtors, who are the ultimate payers of the invoices.
Exponencial Confirming as Trustor will use the credits to carry out confirming operations which consist of the purchase of invoices issued by eligible suppliers, mostly MSME companies to facilitate access to immediate liquidity before maturity. Once these invoices have been acquired, the Trust will receive payment of the invoices from the eligible debtor that will be previously approved in the IDB Invest risk area.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information :
310 447 2985
POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005