Financiera Desyfin
Status: Completed 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
Desyfin (TA USD 300 million) is a non-bank financial institution (NBFI) that started operations in 1991. Desyfin's core business is providing credit and other financial products exclusively to the SME segment in Costa Rica. As a long-time market leader in factoring, Desyfin has gradually grown into a serious player in the Costa Rican financial sector. Desyfin is in the process of becoming a bank and is expected to obtain a banking license early 2016. The institution has 7 branches in the major cities in Costa Rica and 180 employees.
What is our funding objective?
The transaction allows Desyfin to grow its SME portfolio.
Why do we fund this investment?
Supporting SMEs through Desyfin with scarce long term funding, contributes to economic growth and employment in Costa Rica.
More investments
| Date | Total FMO financing |
|---|---|
| 8/23/2021 | USD 15.00 MLN |
| 8/23/2021 | USD 3.00 MLN |
- Website customer/investment
- http://www.desyfin.fi.cr
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Effective date
- 12/23/2015
- End date
- 11/3/2023
- Total FMO financing
- USD 15.00 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