May 28, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), has opened a credit line for up to $50 million for the Mexican food company Sigma Alimentos to provide financing to vendors, including small and medium-sized enterprises (SMEs).
The deal involves a reverse factoring line to fund more than 140 vendors in Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Peru and the Dominican Republic, IDB Invest said in a press release. It marks the first regional reverse factoring pr
Multilateral lender opens a $50 mln credit line for the Mexican food company to extend financing to vendors