Sergio Barboza and Ricardo Mercado

DLA Piper advises OeEB on $15m financing in Peru

DLA Piper Peru has advised Oesterreichische Entwicklungsbank (OeEB), the Austrian Development Bank, as lender, on a financing of up to US$15 million in favour of Acceso Crediticio.

This transaction, closed on 13 September, will enable Acceso Crediticio to finance micro, small and medium-sized enterprises in Peru.

Acceso Crediticio is a Peru-based financial institution specialising in lending to bottom-of-the-pyramid entrepreneurs working in the transport sector. The institution targets informal taxi drivers operating around the poorest urban areas of Lima, offering a suitable and appropriate product to a market segment that is unbanked and underserved by traditional financial institutions.

DLA Piper’s team consisted of partner Sergio Barboza (pictured left) and associate Ricardo Mercado (pictured right).

L Giselle Estrada