Finco

in implementation

Total Leasing Finco S.R.L. (Total Finco) is a Costa Rican company focused on the leasing of vehicles, fleets, medical and electronic equipment, as well as machinery and equipment for contracting and various types of companies. Since its founding, Total Finco has focused on providing leasing, mainly to micro, small and medium-sized businesses, as well as entrepreneurs and independent professionals. These sectors mostly do not have access, or this is limited to the traditional financial sector, and Finco has offered them a solution with an agile and secure service, under prudential credit practices.IDB Invest's financing proposal consists of a medium-term loan with two tranches of different maturities, with two objectives to promote: (i) increase financing for MSMEs that are owned, managed or formed mainly by women in more 40% of the program; and (ii) finance productive assets with the following characteristics: sustainable, industrial or commercial, innovation or productive. The loan will have a guarantee in the first degree of priority and order, on the transfer of rights derived from lease contracts that show satisfactory coverage for IDB Invest.