CCAF 18 de Septiembre has obtained private financing

In December 2021, CCAF 18 successfully obtained private financing for an amount equivalent in pesos to US$20 million, through an unsecured bilateral loan granted by IDB Invest. The proceeds of the loan will be used to fund the company’s social credit portfolio with a focus on pensioners (Silver Economy).

CCAF 18 de Septiembre is a non-profit, private corporation with over 50 years of experience in administering social security benefits granted by the state of Chile. Among these benefits are household allowances, unemployment benefits and work disability allowances, among others. It also offers additional services such as social credits and legal counseling.

Oaklins’ team in Chile acted as financial advisor to carry out the structuring of a financing solution for CCAF 18 de Septiembre with a relevant multilateral entity worldwide.