LAAD’s mission is “To finance small and medium sized agribusiness projects to promote sustainable economic and social development in Latin America”. Therefore, although we initially concentrate on each project’s loan repayment capacity, we never lose track of the projects’ contribution to the general development of its surrounding community. Many discussions in LAAD’s shareholder meetings have been dedicated to ensure that the company continues to focus on and take pride in its developmental responsibility.
LAAD considers the most transparent indicators of development are the attraction of foreign hard currency and job creation. Therefore these ratios are measured every year and shared with our employees and stakeholders. These ratios continue to instill great pride and commitment throughout the company.
In 2015, the projects financed by LAAD created close to 4,500 new, full-time jobs and over 4,500 seasonal jobs. LAAD-financed projects also generated an additional US$159 million in annual foreign exchange to Latin America.
Consolidated Positions Created Since 1973
Consolidated FOREX (US$M) Since 1973