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v3.20.2

Borrowings and lease liabilities | 3 Months Ended | 12 Months Ended
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Mar. 31, 2020 | Dec. 31, 2019
Text Block [Abstract] |  |
Borrowings and lease liabilities | 9. Borrowings and lease liabilities
|  | Interest rate % |  |  | Maturity |  |  | March 31, 2020 |  |  | December 31, 2019 |
Bank borrowings—domestic (i) |  |  | 113% of CDI |  |  |  | March 2021 |  |  |  | 42,124 |  |  |  | 52,668 |
Related parties |  |  |  |  |  |  |  |  |  |  | 42,124 |  |  |  | 52,668 |
Financial institution (ii) |  |  | CDI + 0.774% |  |  |  | April 2023 |  |  |  | 333,368 |  |  |  | 329,410 |
Third parties |  |  |  |  |  |  |  |  |  |  | 333,368 |  |  |  | 329,410 |
Total borrowings |  |  |  |  |  |  |  |  |  |  | 375,492 |  |  |  | 382,078 |
Lease liabilities |  |  |  |  |  |  |  |  |  |  | 268,947 |  |  |  | 255,406 |
Total borrowings and lease liabilities |  |  |  |  |  |  |  |  |  |  | 644,439 |  |  |  | 637,484 |
Current |  |  |  |  |  |  |  |  |  |  | 405,498 |  |  |  | 116,450 |
Non-current |  |  |  |  |  |  |  |  |  |  | 238,941 |  |  |  | 521,034 |
(*) | Brazilian Interbank Offering Rate (CDI)
(i) | Loan agreement with Itaú Unibanco with maturity on March 8, 2021, payable in 36 monthly installments.
(ii) | Loan agreement entered into on March 28, 2018 with the International Finance Corporation (IFC). The principal amount is due on the maturity date and accrued interests payable at every six months.
All the obligations above contain financial covenants, which comply with certain performance conditions. The Group has complied with these covenants throughout the reporting period (Note 24 (b)). | 15. Borrowings and lease liabilities
|  | Interest rate % |  | Maturity |  | 2019 |  |  | 2018 |
Bank borrowings—domestic (i) |  | 113% of CDI (*) |  | March 2021 |  |  | 52,668 |  |  |  | 94,921 |
Related parties |  |  |  |  |  |  | 52,668 |  |  |  | 94,921 |
Bank borrowings—domestic (ii) |  | 111% of CDI (*) |  | July 2019 |  |  | — |  |  |  | 44,352 |
Financial institution (iii) |  | CDI (*) + 0,774%p,a |  | April 2023 |  |  | 329,410 |  |  |  | 330,336 |
Third parties |  |  |  |  |  |  | 329,410 |  |  |  | 374,688 |
Total borrowings |  |  |  |  |  |  | 382,078 |  |  |  | 469,609 |
Lease liabilities (Note 13.(d)) |  |  |  |  |  |  | 255,406 |  |  |  | — |
Total borrowings and lease liabilities |  |  |  |  |  |  | 637,484 |  |  |  | 469,609 |
Current |  |  |  |  |  |  | 116,450 |  |  |  | 114,489 |
Non-current |  |  |  |  |  |  | 521,034 |  |  |  | 355,120 |
(*) | Brazilian Interbank Offering Rate (CDI)
(i) | Loan agreement with Itaú Unibanco with maturity on March 8, 2021, payable in 36 monthly installments.
(ii) | Loan agreement with Banco JP Morgan S.A., hired in connection with the acquisition of Rico, payable in seven quarterly installments. In July 2019, the loan was fully settled.
(iii) | Loan agreement entered into on March 28, 2018 with the International Finance Corporation (IFC). The principal amount is due on the maturity date and accrued interests payable at every six months.
All the obligations above contain financial covenants, which comply with certain performance conditions. The Group has complied with these covenants throughout the reporting period (Note 34 (ii)).

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