IDB Invest finances Laki to strengthen and expand its supply chain in Central America

Laki, part of the SigmaQ Packaging group and a leader in multipackaging in Central America operating 18 production plants, has received a 50 million dollars financing package from IDB Invest to expand access to short-term financing for micro, small, and medium-sized enterprise (MSME) suppliers in its supply chain in Guatemala, El Salvador, and Honduras.

The financing package consists of three credit lines: (i) a supplier factoring facility of up to 10 million dollars to facilitate access to financing for Laki’s MSME suppliers; (ii) a committed revolving import facility of up to 20 million dollars to finance purchases of key inputs for the packaging industry; and (iii) an uncommitted facility of up to 20 million dollars, designed to cover future capital investment and sustainability needs, as well as to expand the import line’s coverage.

IDB Invest will also support Laki with advisory services to integrate key environmental, social, and corporate governance (ESG) aspects, improve performance across its value chain, and increase the transparency and impact of its operations, incorporating indirect emissions into future planning.