Acord Capital (DFC-2017-ACORDCAPITAL)

Countries
  • Colombia
  • Dominican Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Acord Capital SAS (Colombia) and Acord Capital SRL (Dominican Republic)
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 8.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 28, 2020


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Project Description

Industrial Distributors International Co. (“IDICO”), which was founded by Mr. Paolo Amore, is a Miami-based company with a 29 year track record in sales/distribution of heavy equipment to port operators in Latin America. IDICO currently services the demand for port equipment of over 100 companies in Chile, Peru, Ecuador, Uruguay, Colombia and the Dominican Republic. IDICO will establish the Borrowers to execute its business strategy of offering equipment operating leases to its existing customers in order to capitalize on the recent growth in the ports sector. IDICO has requested an OPIC loan to the Borrowers of $5 million (the “Loan”) to support the development of its equipment leasing operation in Colombia and the Dominican Republic (the “Project”).

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

Not available