Cititbank N.A. granted a US$40.000.000 loan to Credi Q Inversiones C.R., S.A. and Credi Q, S.A. de C.V. that will be used for expanding their portfolio of auto loans to small- and medium-size enterprise clients.

The loan was structured through two different tranches: (i) Tranche A for an amount of US$30,000,000.00 and (ii) Tranche B for an amount of US$10,000,000.00. The Tranche A Loan is guaranteed by Overseas Private Investments (OPIC). For that purpose, an authorization from the Costa Rican Ministry of Commerce was required; the contribution from Consortium in Costa Rica was key to obtain such authorization. Furthermore, the loan granted by Citibank is secured in Costa Rica by a local guaranty trust over account receivables, prepared by our Costa Rica office.