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.
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.
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.