Project detail - FINANCIERA DESYFIN S.A.

FINANCIERA DESYFIN S.A.

Back to map

Who is our client

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.

Funding objective

The transaction allows Desyfin to grow its SME portfolio.

Why we fund this project

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 client
http://www.desyfin.fi.cr
Region
Latin America & The Caribbean
Country
Costa Rica
Sector
Financial Institutions
Signing date
12/23/2015
Total FMO financing
USD 15.00 MLN
Fund
FMO
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