PROJECT

Projects

Summary of Investment Information

Project Number

44744

Company Name

ALTUM CP, S.A.P.I. DE C.V., SOFOM, E.N.R.

Date SPI Disclosed

Feb 23, 2021

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Mar 25, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 22, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 30, 2021
Signed : May 10, 2021
Invested : Oct 19, 2021

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed investment consists of a senior secured loan to ALTUM CP, S.A.P.I. DE C.V. SOFOM E.N.R. (AltumCP), an existing IFC client and an operating vehicle of the Altum Fund (together the Fund or Altum). The Fund is managed by Legorreta Gómez y Asociados, S.C. (LG&A or the Fund Manager). The proceeds will be used to finance NBFIs and SMEs in Mexico, which have limited access to bank loans. For the 1st commitment, at least 60% of the proceeds will fund climate related activities such as renewable energy (RE), solar panels for households and small businesses, and energy efficiency (EE).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation