According to the Bank’s website, the Project consists of a revolving, uncommitted supply chain payment services financing of up to US$20 million or their equivalent in Mexican pesos to provide supply chain payment services to Azvi S.A.U in Chile and Mexico. The Financing will have an initial term of 12 months, which may be renewed annually at IDB Invest's discretion for up to six additional years. The Financing will provide Azvi suppliers an innovative alternative solution to finance their working capital needs by using the E-Factor Network platform.This solution will allow the Borrowers' supplier base (which includes small and medium enterprises (SMEs) to secure financing under much more favorable conditions than would be available directly from the local market. SME supply chain financing through companies like Azvi is one of the ways that IDB Invest will serve this segment. The above is in line with the innovative focus proposed by IDB Invest for SMEs.
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