PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603142

Primary Business Area

Financial Institutions Group

Disclosure Date

Dec 4, 2018

Country

Mexico

Region

Latin America and the Caribbean

IFC Approval Date

Mar 21, 2018

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Mar 20, 2022

Project Estimated Start Date

Apr 23, 2018

Project Estimated End Date

Mar 31, 2019

Project Description

IFC will support Progresemos in the development and initial implementation of its DFS strategy and in building the necessary foundations to engage in DFS. The project is structured in three components: 1. Optimization of the value proposition to Strategic Partners, credit methodology and operational processes 2. Automation or digitalization of key operational processes 3. Development and initial implementation of DFS strategy. Throughout the project, the IFC team will also support Progresemos in managing institutional change and in building the capacity of its staff, ensuring proper transfer of expertise and adoption of new processes and tools.

Development Results

E&S Risks / Impacts and Mitigation