PROJECT

Projects

Summary of Investment Information

Project Number

40066

Company Name

Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.

Date SPI Disclosed

Aug 28, 2017

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Sep 29, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Dec 25, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Sep 29, 2017
Signed : Feb 16, 2018
Invested : May 25, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The project aims to provide a flexible financing package to  Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P.  (“CAMESA” or the “Company”), an existing IFC client, involving a 3-year Revolving Loan Facility (“RLF”) for up to MXN180 million (the “Project”). The proceeds from the Project will be used for on-lending to micro enterprises (“MEs”) in Mexico.

Associated Advisory Engagement

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation