Maquinarias y Vehículos S.A.
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 20,000,000
Project scope and objective
This operation consists of a secured senior loan of US$20 million to partially finance the truck and bus credit sales plan of Maquinarias y Vehículos S.A. (Mavesa or the “Company”), in which the main beneficiaries are Ecuadoran small and medium-sized enterprises (SMEs). The resources of the IDB Group will make it possible to reduce the Company’s long-term funding gap and increase the number of SMEs with access to productive assets through the direct credit offered by Mavesa, which consists of up to 70% financing of the vehicles, which may amount to as much as US$100,000 on an individual basis.
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Alternatively, you may also use the following contact information:
+593 42272600 ext. 1262
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005