PROJECT

Projects

Summary of Investment Information

Project Number

46497

Company Name

CI CREDICLUB, S.A. DE C.V. S.F.P.

Date SPI Disclosed

May 19, 2022

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Jun 20, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Nov 13, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 25, 2022
Signed : Sep 28, 2022
Invested : Nov 11, 2024

Sector

Growth Equity Fund

Project Description

IFC proposes an equity co-investment in Crediclub S.A. de C.V. The co-investment will be made through an Ontario-based Limited Partnership alongside L Catterton Latin America Fund III L.P.

Crediclub is a fast-growing microfinance institution (MFI) focused on lending to the lower income segment in Mexico, with an innovative and digital deposit funding structure that represents a unique business model compared to its more traditional peers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation