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Tanner CL II

Sector: Raw Materials • Location: Chile

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of a 5-year loan for up to US$50 million to be provided by IFC to Tanner Servicios Financieros SA (“Tanner” or the “Company") and a 3-year loan for up to US$50 million to be mobilized from other lenders under IFC''s B lender program to support its lending activities to small and medium enterprises (“SMEs”) in Chile.Tanner is one of the leading Chilean non-banking fina

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The project “Tanner CL II” is an infrastructure initiative in the Raw Materials sector, located in Chile. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed project consists of a 5-year loan for up to US$50 million to be provided by IFC to Tanner Servicios Financieros SA (“Tanner” or the “Company") and a 3-year loan for up to US$50 million to be mobilized from other lenders under IFC''s B lender program to support its lending activities to small and medium enterprises (“SMEs”) in Chile.Tanner is one of the leading Chilean non-banking financial institutions, with a market share of 8% in the factoring market as of December-end 2015 and among the main players in the country (holding the 6th place in 2015). Diversified business model focused on secured lending that includes Factoring, Leasing, Corporate lending and Auto Financing. In addition, the Company offers stock, commodities and insurance brokerage services through subsidiaries. As of December 2015, Tanner has over 51.200 active clients, mainly Chilean SMEs.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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