PROJECT

Projects

Summary of Investment Information

Project Number

38960

Company Name

CEGE CAPITAL SAPI DE CV SOFOM ENR

Date SPI Disclosed

Jan 24, 2017

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Feb 24, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Oct 8, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 3, 2017
Signed : May 30, 2017
Invested : Jun 28, 2017

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in CEGE Capital S.A.P.I. de C.V., SOFOM, E.N.R. (“Contigo” or the “Company”). The proposed project will reach women micro-entrepreneurs in Mexico and will enhance micro lending competitiveness of the private sector and help deepening the financial sector since a high portion of the sub-borrowers served are outside the formal financial sector.

Associated Advisory Engagement

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation