AFD Paraguay

What AFD Paraguay does

AFD Paraguay (Agencia Financiera de Desarrollo) is a state-owned second-floor development bank established by Law N° 2.640/2005 and headquartered in Asunción, Paraguay. It is the only public development bank operating in the country, a position reinforced by the 2021 expansion of its charter under Law N° 6.769/2021. AFD does not lend directly to end-borrowers; instead, it channels wholesale credit through a network of Intermediary Financial Institutions (IFIs) — banks, cooperativas, and financieras — that handle underwriting and assume operational risk.

The institution offers a portfolio of long-term credit products targeting distinct sectors: housing (MI CASA, PRIMERA VIVIENDA), agriculture (PROCAMPO, PROCAMPO VERDE, FIMAGRO), higher education (PROEDUC), reforestation (PROFORESTAL), and SME energy efficiency / green investments (Eficiencia Energética - PYMES e Inversiones Verdes). It also operates the Che Róga Porã housing program in collaboration with other government entities and the FOGAPY guarantee fund for MSMEs. Products typically offer up to 100% financing with terms of 6–12 years, and in some cases multi-year grace periods, reflecting a concessional, development-oriented lending mandate.

AFD's revenue is generated primarily through interest income on loans extended to IFIs. The institution is wholly owned by the Government of Paraguay, supervised by the Superintendencia de Bancos, the Contraloría General de la República, and the Auditoría General del Poder Ejecutivo, and funded through a mix of international loans with state guarantee, budgetary allocations, donations, and capital. Its core competitive advantage lies in its statutory monopoly, concessional cost of capital, and the broad distribution reach provided by its IFI channel network.

Name

AFD Paraguay

Legal name

Agencia Financiera de Desarrollo (AFD)

Website

https://afd.gov.py

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

AFD Paraguay is the only state-owned public development bank in Paraguay, established in 2005. It provides long-term wholesale credit through intermediary banks, cooperatives, and financieras to support housing, agriculture, education, and green investment sectors.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Equipment & Asset Finance (SME) (FSAKAGAF)

Keywords

• Development banking
• Wholesale lending
• Housing finance
• Agricultural credit
• Government bank

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Interest Income from Loans: AFD generates revenue primarily through interest income on the long-term loans it provides to Intermediary Financial Institutions (IFIs). The loans are channeled through banks, financieras, and cooperatives for end-borrowers in sectors including housing, agriculture, education, and sustainable development.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

AFD is a second-floor public development bank that provides long-term wholesale credit to Intermediary Financial Institutions (IFIs) — banks, financieras, and cooperatives — at competitive rates, with the IFIs handling credit applications, risk assessment, and operational risk. End-use sectors covered include housing acquisition and construction, agricultural machinery and infrastructure, higher education, reforestation, and energy efficiency investments for SMEs. AFD also offers fiduciary business services (Negocios Fiduciarios) and operates a virtual calculator on its website to help potential clients estimate loan terms before approaching an IFI.

Product overview

AFD Paraguay (Agencia Financiera de Desarrollo) is a second-floor public development bank that operates as the only such institution in Paraguay. Rather than lending directly to end consumers, AFD provides credit to complement the funding structure of first-floor financial intermediation entities (IFIs) including banks, cooperatives, and financieras. The institution offers a portfolio of credit products targeting housing (MI CASA, PRIMERA VIVIENDA, Che Róga Porá), agriculture (PROCAMPO, PROCAMPO VERDE, FIMAGRO), reforestation (PROFORESTAL), higher education (PROEDUC), and energy efficiency for SMEs (EFICIENCIA ENERGETICA - PYMES e INVERSIONES VERDES). Additionally, AFD offers fiduciary business services (Negocios Fiduciarios) and a virtual calculator tool. All credit operations are processed through partner financial institutions, with AFD providing the funding at differentiated rates and longer terms than commercial banking.

Differentiator

Problem solved

Functional benefit

Brands

• Che Róga Porã: Housing program in partnership with FOGAPY for affordable housing in Paraguay.
• Mi Casa
• Primera Vivienda
• Procampo
• Procampo Verde
• FIMAGRO
• PROEDUC
• PROFORESTAL
• Eficiencia Energética - PYMES e Inversiones Verdes

Products and services

• MI CASA Housing credit product for home acquisition, construction, renovation, expansion, or completion, processed through partner financial institutions with differentiated rates and terms.
• PRIMERA VIVIENDA Housing financing product for first-time homebuyers offering 100% financing with favorable terms through intermediary financial institutions.
• PROCAMPO Agricultural financing product for the acquisition of machinery, agricultural implements, and storage plants with up to 100% of investment value financing for up to 6 years.
• PROCAMPO VERDE Green agricultural financing product supporting sustainable agricultural practices and environmental conservation in the agricultural sector.
• PROEDUC Higher education financing offering 100% of project value with terms up to 10 years and 6 months for university education.
• PROFORESTAL Reforestation credit providing 100% financing of investment with a term of up to 12 years plus 12 years of grace period.
• FIMAGRO Strategic financing program for the Paraguayan agricultural sector supporting machinery acquisition and agricultural infrastructure.
• EFICIENCIA ENERGETICA - PYMES e INVERSIONES VERDES Energy efficiency product for small and medium enterprises (SMEs) and green investments promoting sustainable business practices.
• Che Róga Porã Government housing program for Paraguayan families offering options for housing and financing solutions.
• Negocios Fiduciarios Fiduciary business services where AFD acts as trustee for technical assistance funds associated with development programs.
• Calculadora Virtual Virtual calculator tool for potential clients to estimate loan payments and financing terms before approaching an IFI.

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and flagship.

• Fondo de Garantía del Paraguay (FOGAPY)coreStrategic or Co-development PartnerFOGAPY is the guarantee fund for Micro, Small and Medium Enterprises (MSMEs) established by Law N° 5.628. AFD works in conjunction with FOGAPY to provide guarantee coverage for eligible loans, reducing risk for IFIs and enabling financing for smaller borrowers.
• Che Róga Porã ProgramflagshipStrategic or Co-development PartnerChe Róga Porã is a housing program managed by AFD in collaboration with other government entities. The program aims to facilitate access to housing for Paraguayan families through subsidized financing and partnerships with developers and financial institutions.
• Intermediary Financial Institutions (IFIs) - Banks, Cooperativas, FinancierascoreChannel Partner/ Reseller/ DistributorAFD provides wholesale funding to Intermediary Financial Institutions (IFIs) including banks, cooperativas (cooperatives), and financieras. These IFIs handle the credit application process, assess borrower risk, and assume the operational risk of each loan, while AFD provides the capital and sets lending conditions.
• Auditoría General del Poder EjecutivocoreOthersTechnical and normative control organism for audits of entities dependent on the Executive Branch, contributing to transparency and integrity in Public Resource management.
• Contraloría General de la RepúblicacoreOthersThe control organism for economic and financial activities of the State, Departments, and Municipalities, as determined by the National Constitution and its own Law.
• Superintendencia de BancoscoreOthersTechnical organism with functional, administrative, and financial autonomy in the exercise of its attributions, responsible for banking supervision.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bancoldex: Colombia's second-floor development bank focused on productive financing for SMEs, foreign trade, and innovation, channeling funds through financial intermediaries. Same wholesale development banking model and SME focus as AFD.
• Nacional Financiera (NAFIN): Mexico's state development bank providing second-floor financing, guarantees, and SME support through partner financial institutions. Closely parallels AFD's mandate and wholesale structure.
• FIRA: Mexican trust funds dedicated to agricultural development financing through second-floor credit lines and guarantees for rural financial intermediaries. Closest match for AFD's PROCAMPO, FIMAGRO, and PROFORESTAL agricultural lending.
• COFIDE: Peru's second-floor development bank that finances infrastructure, capital goods, and SME investment via financial intermediaries. Directly comparable in being a wholesale state development bank operating through IFIs.
• BNDES: Brazil's national development bank operating a wholesale second-floor model through partner financial institutions across multiple sectors (infrastructure, industry, agriculture). Closest direct comparable to AFD's business model and mandate, though at vastly greater scale.
• BICE: Argentina's state development bank focused on productive investment, infrastructure, and SME financing through financial intermediaries. Shares AFD's second-floor wholesale mandate.
• Findeter: Colombia's territorial development bank providing wholesale financing for urban infrastructure, housing, and productive projects via IFIs and municipalities. Comparable in channel and product scope.

Broad incumbents

• CAF (Development Bank of Latin America): Multilateral Latin American development bank providing wholesale financing to public and private intermediaries across the region. Broader incumbent in the same development finance category as AFD.
• IDB Invest: Private-sector arm of the Inter-American Development Group providing financing and guarantees for development projects across Latin America. Comparable as a regional wholesale development financier serving sectors similar to AFD's mandate.

Regional players

• BANDESA: Guatemala's agricultural and rural development bank providing financing for the agricultural sector. Comparable in agricultural development focus and small-economy operating context, but operates in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/afd_py
• YouTubeyoutube.com/channel/UCltxM-PABTNLNgB294_Ya_g
• LinkedInlinkedin.com/company/afdparaguay

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFD Paraguay