Thursday , April 15 2021

Grupo Penta enters into a car loan business associated with Eduardo Elberg

A new area is the place where Penta enters: the car loan. The above, given that Penta Financiero has entered MundoCrédito, a finance vehicle company controlled by Eduardo Elberg through Grupo Algeciras.

To receive the pair of Carlos Alberto Délano and Carlos Eugenio Lavín, MundoCrédito made a capital increase, where Penta Financiero retained 44% of the property and joined the control pact, the Algeciras group said after consulting the new shareholder company's.

Until now, Empresas Penta has focused on factoring, financial leasing, operational leasing, among others. But now MundoCrédito adds to its business fans, a company focused on financing the purchase of new or used vehicles for commercial or private use. The company has a network of 106 subsidiaries in the metropolitan region and regions.

Grupo Algeciras states that "Over the past two years, MundoCrédito has grown by approximately 300% in the number of customers and 245% in volumes placed."

Chief Executive Officer Pedro Parraguez, formerly Chief Commercial Officer of the Chilean Forum and General Manager of Forum Peru, explained that "these last two years have been successful, but we are still a small player in the sector, with significant growth opportunities, so the income of a partner who also has credit experience as Penta Financiero for us is very relevant to starting this new stage of expansion. "

The executive explained that, along with the new partner, MundoCrédito will expand to other companies and products, develop new technologies to streamline processes and expand the supply, and deepen existing activities.

Penta Financiero's general manager, Rodrigo Sprohnle, stressed that "this is a very complementary activity to our business, which shows very attractive growth rates and we have been looking for interest for some time." We believe MundoCrédito is very well managed, has great potential and we hope to make an important contribution to the growth process. "

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