Tradewind has closed a $1.25 million credit facility for an exporter of fruits and vegetables based in Peru. The company sells mainly mangoes, citrus fruits, avocados, and pomegranates to buyers in the USA, Canada, and some European countries including the Netherlands, UK, and Spain.
At the time it approached Tradewind, the agro exporter, who has a branch in the United States dedicated to the import and distribution of its products, was experiencing an increase in orders and needed additional liquidity to fill them.
With strong visibility in Peru as one of the leading international factoring companies in the region, Tradewind furnished the exporter with a trade finance package that accelerated its cash flow and streamlined its operations as it performed collections, dunning and bookkeeping on the exporter’s behalf. The trade finance firm, who has an office in Lima and also offers full supply chain finance and ABL, funded the exporter based on the creditworthiness of its customers and provided credit protection in the case of buyer insolvency. Tradewind’s services strengthened the exporter’s credit and collections capabilities overseas, poising it to be more aggressive in foreign markets.
With the facility in place, the agro company hopes to forge stronger relationships with its vendors to ensure a consistent supply of quality products, which will help make it a more reliable partner for its buyers.
“We are proud to deliver dedicated, personalized, and fast service to a Peru-based brand who is recognized internationally. We look forward to contributing to the success stories of other Peruvian companies like our client with our suite of tailored trade finance tools,” states Fabrizio Vásquez Curotto, Country Manager of Peru.
Tradewind (formerly DS-Concept) maintains a network of offices all over the world, including Bangladesh, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.