Finanzauto S.A. BIC, a company dedicated to automotive financing in Colombia, will receive a financial package to expand its financing offer to micro, small and medium-sized enterprises (MSMEs), allocating up to 10% of the total amount to its electromobility portfolio.

IDB Invest, the specialized private credit fund ILX and the multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) will jointly finance the package to Finanzauto. The package consists of two disbursements, one of 21 million dollars in its equivalent in local currency and another of 42 million dollars.

Additionally, IDB Invest will provide technical advisory services to Finanzauto to develop a value proposition focused on meeting the needs of female entrepreneurs and migrant population.