SOFID
Last updated on 10 Mar 2024
Key facts
A mixed private-public institution tasked with contributing to sustainable development of countries with less developed economies. It is a member of the Association of European Development Finance Institutions (EDFI).
MIXED
2007
Credit rating (sovereign) (S&P)
A-
Foreign currency
Products
- Amount: EUR 250,000 up to 70% of the investment
- Tenor of up to 10 years, with a grace period of up to 3 years
- Variable interest rates indexed to EURIBOR
- Quarterly, bi-annual, or annual payments
- Loans are available in EUR, with other currencies possible
- SOFID can participate indirectly through investments in private and public trust funds or credit lines to intermediaries Guarantees
- Consulting services: Focused on structuring of transactions
- InvestimoZ: Mobilizes resources for projects in Mozambique
Policies
- Although SOFID has the capability to operate in any emerging or developing country, it focuses in Latin America and Africa
- SOFID is most involved and active in the agricultural, industrial, infrastructure, renewable energy, tourism, and financial sectors
- SOFID intends to support SMEs, though it can also finance large and public companies whenever its participation is requested
News
- 2023: SOFID sells portfolio so as to be able to increase lending for companies
