Financiera Arrendadora Centroamericana, S.A.

MIGA has issued additional coverage of $1.96 million to Corporación Interfin, S.A. (Interfin) of Costa Rica for its equity investments in, and shareholder loans to, Financiera Arrendadora Centroamericana, S.A. (Finarca) of Nicaragua. The equity investment is guaranteed for a period of 15 years, and the shareholder loan for a period of ten years. Both provide coverage against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project consists of the expansion of Finarca's lease financing program, which will mainly be devoted to small and medium-size enterprises (SMEs). The project is expected to contribute to the country’s financial services by increasing the financing options available to SMEs.

For more information, please refer to the initial project brief.