Monday , August 2 2021

Grupo Penta enters an auto loan business related to Eduardo Elberg

The new area is where Penta enters: auto loans. The foregoing, since Penta Financiero entered MundoCrédito, a car finance company controlled by Eduardo Elberg through Grupo Algesiras.

To receive the couple Carlos Alberto Delano and Carlos Eugenio Lavin, MundoCrédito made an increase in capital, where Penta Financiero kept 44% of the property and adhered to the controlling pact, Algeciras Group said after consulting the new shareholder of the company.

So far, the Empresas Penta subsidiary has been focused on factoring, financial leasing, operating leasing, among others. But now he adds MundoCrédito to his business fan, a company focused on financing the purchase of new or used vehicles intended for private or commercial use. The company has a network of 106 branches in the Metropolitan Region and the regions.

Grupo Algesiras says that "in the last two years, MundoCrédito experienced growth of around 300% in the number of customers and 245% in the quantities exhibited."

The general manager of the company, Pedro Paraguez, who previously served as a commercial manager of the Forum in Chile and general manager of the Forum in Peru, explained that "these two years are very successful, but we are still a small player in this sector, with important opportunities for growth. Therefore, the income of a partner who also has experience in the credit area as Penta Financiero for us is very important to launch this new phase of expansion ".

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

Penta Financiero's general manager, Rodrigo Srochne, said: "This is a very complementary activity for our businesses, which show very attractive growth rates and for some time we look with interest. We believe that MundoCrédito is very well managed, has great potential and we hope it will be a great contribution to his growth process. "

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