At ARIAS, we are pleased to have legally advised our client, The Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), along with other lenders, in providing a loan of up to US$85 million to Fundación Génesis Empresarial ("Génesis"), thus contributing to sustainable development and the well-being of rural communities in Guatemala.
Led by FMO, the loan involved prominent investors such as the Belgian Investment Company for Developing Countries (BIO), Norfund, eco.business Fund, Invest in Visions, and Enabling Qapital.
The purpose of this financing is to provide Génesis with the necessary capital to foster economic growth and reduce inequalities in rural communities in Guatemala, aligning with Sustainable Development Goals (SDG) 8 and 10. This investment will enable Génesis to expand its coverage and support more entrepreneurs in areas with limited access to financing options.
In a context where micro, small, and medium enterprises in rural areas face multiple challenges in accessing financing, this transaction becomes particularly relevant for its long-term impact on the Guatemalan economy.