CAFSA
Deals on Wheels Corporación CAFSA provides financing to purchase and lease automobiles for personal use, trucks for light or heavy cargo, and passenger transport vehicles. The variety of services the company offers through its subsidiaries enables it to support very dynamic stakeholders of the Costa Rican economy. CAFSA’s subsidiaries have grown their portfolio by nearly 80% since the IIC’s first loan to the company back in 2006. The IIC made a third medium-term loan of $3 million to Corporación CAFSA in 2012, which includes a “B” loan from other lenders. This loan structure will enable the company to expand its funding base and grow in a sustainable manner. Corporación CAFSA has a customer base of nearly 4,000 in rural Costa Rica as well as the country’s greater metropolitan area. It makes loans of approximately $20,000 to microentrepreneurs and small and medium-sized businesses involved in services and the distribution of mass consumer products, as well as independent contractors.
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