January 24, 2019 |
IDB Invest said it has arranged $53m in financing to support loans to small businesses in Chile and Ecuador.
The multilateral lender led a $23m loan for Tanner Financial Services to provide factoring services for small and medium-sized enterprises (SMEs) in Chile.
Four international investors that had not previously worked with Tanner also participated in the new 4.5-year loan, IDB Invest said in a press release.
IDB Invest supplied a $30m loan to Tanner in July 2018.
IDB Invest also said it has
Multilateral lender provides $30m for Banco Bolivariano in Ecuador and $23m for Tanner in Chile