Vinte (www.vinte.com.mx) is a Mexican local private Company and mid-sized homebuilder founded in 2001 by a group of professionals with significant experience in the design, construction and promotion of low income housing developments. The CEO, Architect Sergio Leal, together with a group of selected investors and executives with expertise in key areas within the Company have focused their strategy on developing high quality houses that allow low and mid-income families to have access to technology and to the benefits of innovation. IFC is a shareholder of the Company. Vinte Viviendas Integrales S.A.P.I. de C.V. is the holding company consolidating all of Vinte’s operations. Vinte comprises its holding co. and five operating subsidiaries: Promotora de Viviendas Integrales, engaged in the promotion of the developments; Urbanizaciones Inmobiliarias del Centro, engaged in research and development for housing, including technological, environmental and design aspects; Edificaciones e Ingenieria del Centro, engaged in urbanization, design and construction activities; Conectividad para el Habitat, engaged in the distribution of computers, internet and related services; and Vinte Administracion, Diseño y Consultoria, engaged in human resources management.

The IFC investment is expected to consist of a partial credit guarantee equivalent and up to a certain percentage of the outstanding amount (MXN 300 million or US$23.4 million) of the bond issued by Vinte.

14.15 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	14.15
Loan
Equity

* These investment figures are indicative

The Company is domiciled in Mexico City and the Project will help provide funds for expansion and working capital purposes. There is no specific Project/Site location. It is expected that the housing projects funded with the debt placement will be developed in various states of Mexico.

The increased supply of funding will help Vinte build quality and affordable entry level dwellings, and in turn benefit a large number of families in the low to middle income segments. The housing developments built by Vinte will contribute to urban infrastructure and surrounding community development, previously built by local/federal authorities and neglected for a while due to persistent government deficits.

* Provide access to long-term financing, mobilizing resources from local institutional investors that would not be available otherwise and financial flexibility to the client. * Have a demonstration effect within a critical sector of the Mexican economy and with a mid-sized Company: Vinte is the only Mexican homebuilder where IFC has invested and would be the first one to have its debt backed by IFC.

Vinte is an existing IFC client and the Company''s reporting and IFC''s supervision visits have confirmed that Vinte is in material compliance with IFC''s Policy and Performance Standards and is fulfilling its Environmental and Social Action Plan (ESAP) commitments on schedule, including the development of a social and environmental management system.
Vinte PCG is a Category C project. IFC will continue supervising environmental and social performance under the current investment.