PROJECT

Projects

Summary of Investment Information

Project Number

41185

Company Name

SOCIETE ALTERNATIVE DE SOLUTIONS FINANCIERES S.A.

Date SPI Disclosed

Oct 1, 2018

Country

Haiti

Region

Latin America and the Caribbean

Projected Board Date

Nov 30, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 24, 2023

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 6, 2018
Signed : Mar 8, 2019
Invested : Sep 23, 2019

Sector

Leasing Services

Additional Project Attributes

Blended Finance

Project Description

    The proposed project consists of an US$11mn senior loan (the “Loan”) to Ayiti Leasing (“AL” or the “Company), the first leasing company in Haiti (the “Country”) to support the growth of AL’s lease portfolio to Haitian small and medium enterprises (“SMEs”). The project will be supported by the International Development Association Private Sector Window (“IDA PSW”).                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation