US$5 million line of credit granted in favor of America Leasing

September 05, 2007

(Lima, September 5, 2007).- The Andean Development Corporation granted a US$5-million revolving line of credit in favor of the company America Leasing S.A.

CAF Deputy Representative Ricardo Campins in Peru, and Mario Ventura Verme, Managing Director of América Leasing S.A., signed the loan agreement.

“It is important to identify and support financial institutions suitable for developing new business, in the framework of the support that CAF offers the financial system, since in some way it is a mechanism for diversifying their activity,” Campins said.

More than just channeling funds through financial institutions, the Corporation’s main motivation is to focus on small, medium and large enterprises which are generating employment and welfare for Peruvians, he added.

"In this respect, the new business relation with America Leasing gives us great satisfaction. We are pleased to have concluded this process which has come to successful conclusion."

For America Leasing, Ventura Verme said, “It is very important for our company that an organization like CAF offers its support because it gives other institutions and people a positive view of us.”

The executive said that America Leasing has a 27.9% market share in the specialized companies market, equivalent to 5.9% of the total capital lease market. The company has also gained a position in the medium company market, offering timely, technical and personalized service, acting as advisor and provider of low-cost financial products to take advantage of company liquidity.

"The capital market outlook currently looks very promising. In the segments where we operate we see the profit on the product and what the target will be. We see how many of our customers develop from being small economic units to move on to the banks as they grow. From that point of view, we are pleased to lose customers because that they are moving on to the next stage in their development and capitalization."

America Leasing S.A. was incorporated in 1995 for the exclusive purpose of executing capital lease operations, competing in that market with the banking system and other specialized companies.

Subscribe to our newsletter