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LAAD, une institution financière qui soutient les PME du secteur agricole en Amérique latine
To support growth in Latin America, it is necessary to focus on financing SMEs in the agricultural sector. This is what LAAD, a financial institution established throughout the region, is doing.
Client presentation

Latin American Agribusiness Development Corporation S.A. (LAAD) is a financial institution specialized in financing small and medium-sized agribusinesses in Latin America and the Caribbean. Its shareholders are large enterprises in the agribusiness and financial sectors, as well as two development finance institutions (IFC and DEG). LAAD has a network of 17 regional offices established in its main countries of operation.

Project description

Proparco’s credit line will support LAAD’s lending activity to agricultural and agribusiness SMEs in Latin America. LAAD’s strategy focuses on financing small-scale agricultural projects in the sectors of fruit-growing, horticulture, floriculture, grain production, livestock raising and fishing.

Project impact

This operation will support the development of agriculture and agribusiness in Latin America, which are key sectors for the development of the region. It will scale up access to financing for agricultural SMEs, which is not readily available from local commercial banks. LAAD’s efforts to encourage and support its clients’ certification processes will contribute to the dissemination of agricultural best practices in Latin America.

25/09/2015
Date of signature of the project
Mexico Multi-country Latin America and the Caribbean
Location
Financing tool
18 905 379 Euros
Amount of funding
USD 20m loan
Financing details
LATIN AMERICAN AGRIBUSINESS DEVELOPMENT CORP SA
Client
CES