LEASING TOTAL S.A.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Leasing Total S.A. is a regulated financial leasing company based in Peru (est. 1998). It specializes in financing light and heavy trucks and heavy equipment, among others, to the Peruvian SME market. As of December 2017 it holds total assets of USD 76 mln and serves 725 Peruvian SMEs.
What is our funding objective?
The USD 8 mln loan will be used to grow the company’s leasing operations, including a USD 500k green tranche, which will be used to finance more efficient trucks and equipment with motors compliant with EURO IV and V specifications.
Why do we fund this investment?
By providing long term USD funding to Leasing Total, FMO contributes to the economic growth of Peru, enabling CAPEX investments in the SME segment. This will further support additional sources of employment and investment in the country. Moreover, the green tranche contributes to FMO’s strategic goal of halving its footprint.
What is the Environmental and Social categorization rationale?
E&S category B, based on Leasing Total’s underlying portfolio, which shows a limited exposure to high risk sectors, with ~50% of the assets financed in these high-risk sectors being transportation vehicles and the remaining 50% equally distributed between heavy-duty equipment and industrial machinery and equipment. Important mitigators are the average loan size and the nature of the end client (SMEs), as well as the ESMS, which will be strengthen based on FMO’s recommendations.
More investments
| Date | Total FMO financing |
|---|---|
| 7/20/2022 | USD 10.00 MLN |
- Website customer/investment
- http://www.leasingtotal.com.pe
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Financial Institutions
- Publication date
- 6/21/2018
- Effective date
- 11/22/2018
- Total FMO financing
- USD 8.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B