Louis Dreyfus Company and Garantías Bind SGR offer agricultural producers online financing in pesos
Buenos Aires, Argentina, August 19, 2020 – Louis Dreyfus Company (LDC) announced today its agreement with Bind Garantías SGR (Bind Garantías), Grupo Bind’s Reciprocal Guarantee Company, to facilitate access to credit for its customers through a simple digital platform, and thus reinforce its commitment to supporting agricultural producers during their productive cycle.
The agreement will allow producers to continue buying LDC inputs – Macro Seed seeds, Macro Protect crop protection products and Macro Fertil fertilizers – through deferred payment check discounts in the stock market, up to a sum in pesos equivalent to US$60,000, payable after the harvest or up to 270 days, enabling them to adapt these commitments to their business cash flow.
“The initiative aims to provide financial relief to local producers, meeting their investment and cash flow needs over a longer term. It is also a very timely solution in today’s uncertain context with regard to access to competitive financing options,” explains Matías Trotta, LDC’s Regional Fertilizers and Inputs Commercial Manager for South & West Latin America. “We worked to make online applications as smooth as possible, with online documents that are quick and easy to complete, and to ensure that applicants receive an immediate response through the platform.”
President of Bind Garantías, Julieta Sullivan, adds: “At Bind Garantías our purpose is to exceed the expectations of SMEs and thus support their development. Through this alliance with LDC – one of the sector’s leading companies – and our digital platform, we renew our support to agricultural SMEs, so that they not only have access to competitive financing conditions, but also easily and online.”
The partnership between LDC and Bind Garantías underlines the commitment of both companies to national agricultural production, facilitating and enabling access to the necessary inputs for Argentine producers to continue enhancing their crops.
About Louis Dreyfus Company
Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers and consumers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Grains & Oilseeds, Coffee, Cotton, Juice, Rice, Sugar, Freight and Global Markets. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 80 million tons of products. Structured as a matrix organization of six geographical regions and eight platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 18 000 people globally. For more information, visit www.ldc.com and follow us on Twitter and LinkedIn.
Media Contacts:
For further information, please contact: [email protected]
About Bind Garantías SGR
Bind Garantías SGR is the Reciprocal Guarantee Company that Grupo Bind created from the acquisition, in May 2018, of Garantía de Valores SGR. A Reciprocal Guarantee Company (SGR as per its acronym in Spanish) facilitates access to credit for MICRO, SMALL and MEDIUM-SIZED ENTERPRISES (MSMEs) by granting guarantees. These companies are an excellent instrument to allow MSMEs to guarantee any type of commitment or obligation susceptible to monetary appreciation. Bind Garantías is one of the leading SGRs in the System, with a risk fund amounting to $1,386 million – with Banco Industrial as main protective partner -, has more than 1,400 participating partners (MSMEs) and has a FIX rating of A+ and A1 , among the highest on the market. For more information, visit garantias.bind.com.ar.
Media Contacts:
For further information, please contact: [email protected]
