WASHINGTON, USA – IDB Invest provided an up to $50 million financial package to Laki and its subsidiaries to increase access to short-term financing for micro, small, and medium-sized enterprise (MSME) suppliers in El Salvador, Guatemala and Honduras. The project seeks to facilitate foreign trade through the purchase of essential raw materials and finance future capital and sustainability investments.
The financial package consists of three credit lines: a supplier factoring facility of up to $10 million to facilitate access to financing for Laki’s MSME suppliers; a committed revolving import facility of up to $20 million to finance purchases of key inputs for the packaging industry; and an uncommitted facility of up to $20 million, designed to cover future capital investment and sustainability needs, as well as to expand the import facility’s coverage.
Additionally, IDB Invest will offer advisory services to integrate key environmental, social, and corporate governance aspects, improve performance across its value chain, and increase the transparency and impact of its operations.