LGF Occidente, S.A. de C.V. SOFOM ENR
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 30,000,000
Project scope and objective
IDB Invest is considering structured financing for LGF Occidente, S.A. de C.V. SOFOM ENR (“Creditas Mexico”), an online platform that offers loans secured by homes and automobile as collaterals in Mexico. The proceeds from the proposed transaction will be used to finance the loan portfolio originated by Creditas Mexico for micro- and small business owners. Creditas Mexico offers loans at affordable interest rates using technology and data analytics to boost operation and distribution efficiency, and considering the collateral value.
The proposed transaction is mainly aimed at increasing access to financing for micro- and small business owners.
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+55 (11) 95082 0557
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005