Finco (IDBI-14707-01)

  • Costa Rica
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 27, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Total Leasing Finco, S.R.L.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Mar 1, 2024

Disclosed by Bank Feb 13, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.


Total Leasing Finco S.R.L. (Total Finco) es una empresa costarricense enfocada en el arrendamiento de vehiculos, flotillas, equipo medico y electronico, asi como maquinaria y equipos para empresas contratistas y de diversa indole. Desde su fundacion. 

La propuesta de financiamiento de BID Invest consiste en un prestamo a mediano plazo con dos tractos de distinto vencimiento, con dos objetivos a impulsar: (i) incrementar el financiamiento para MiPYMEs que sean de propiedad, de administracion o de conformacion mayoritariamente por mujeres en mas de un 40% del programa; y (ii) financiar activos productivos con las siguientes caracteristicas: sostenibles, industriales o comerciales, de innovacion o productivos. El prestamo contara con una garantia en primer grado de prioridad y orden, sobre la cesion de derechos derivados de contratos de arrendamiento que muestren una cobertura satisfactoria para BID Invest.

English version:

Total Leasing Finco S.R.L. (Total Finco) is a Costa Rican company focused on leasing vehicles, fleets, medical and electronic equipment, as well as machinery and equipment for contracting companies and various industries. Since its foundation.

The financing proposal from BID Invest consists of a medium-term loan with two tranches of different maturities, aiming to: (i) increase financing for SMEs that are owned, managed, or predominantly composed of women by more than 40% of the program; and (ii) finance productive assets with the following characteristics: sustainable, industrial or commercial, innovative, or productive. The loan will have a first-priority guarantee on the assignment of rights derived from lease contracts that demonstrate satisfactory coverage for BID Invest.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client Contact


IDB Invest Contact


PHONE: +1(202)-566-4566

ADDRESS: 1350 New York Ave NW, Washington, DC 20005


You can submit a request for information disclosure at:


The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).

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