TOTAL SERVICIOS FINANCIEROS EDPYME
Status: Approved investmentWhy disclosure?
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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
Servicios Financieros Total Edpyme (“SFT”, “Total”, “the Company”) is a licensed financial institution in Peru with USD 121 million in total assets as of June 2021. The customer provides primarily leasing products, term loans and (through its only subsidiary Factoring Total) working capital financing (invoice discounting or factoring). Its clients are SMEs in diversified sectors in Peru, including transportation, services, construction and mining, among others.
What is our funding objective?
The USD 10mln loan will be used to grow the company’s loan portfolio by on-lending to SMEs active in the transportation, services, construction and mining sectors in Peru.
Why do we fund this investment?
By providing long term USD funding to SFT, 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.
What is the Environmental and Social categorization rationale?
E&S category B, based on SFT’s portfolio, which shows a limited exposure to high-risk sectors, through the leasing of equipment for different activities such as the transportation of raw materials and personnel. Important mitigators are the average loan size and the nature of the end client (SMEs) as well as the client’s revised ESMS.
More investments
| Date | Total FMO financing |
|---|---|
| 11/22/2018 | USD 8.00 MLN |
- Website customer/investment
- https://www.totalserviciosfinancieros.com.pe/
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Financial Institutions
- Publication date
- 11/29/2021
- Effective date
- 7/20/2022
- Total FMO financing
- USD 10.00 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