Latin America Agribusiness Development Co.
LAAD’s mission is to promote the economic and social development of
On a broader scale, LAAD funds projects - but invests in the people who make those projects succeed.
Letter from LAAD's President
In 1970, twelve leading agribusiness and financial corporations founded LAAD as a private development institution dedicated to promoting the economic and social development of
LAAD started with a seed capital of $2.4 million, and from that modest beginning, has grown more than 25 times. More importantly, over the years, LAAD has invested more than half a billion dollars in more than 1,000 agribusiness projects in over 15 Latin American and
LAAD’s initial growth was financed using long-term funding from USAID. At the time, no private lender was willing to lend long-term funds to a starting development bank without a track record in lending and collecting loans. Add to this the fact that the Corporation’s untested corporate mission was to focus on granting agribusiness loans in a politically and socially convulsive region of the world, and their hesitancy was perhaps understandable.
Today however, after the hard and consistent work of its management and staff, and its supportive and participative Board of Directors, LAAD enjoys an excellent reputation and track record as a financial institution in
By now we know well the tortuous roads as we have operated continuously in
After more than 30 years, LAAD is a great example of what people with big dreams can acoomplish when they believe in them, and the pride of all Latin Americans.