Company name
Corporativo MCNMéxico, S. de R.L. de C.V. (“Habi”)
Project number
13988-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Mexico
Sector
Digital Economy
Status
In implementation
Disclosed date
05/12/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/18/2022
Approval date
11/17/2022
Signed date
06/01/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 15,000,000
Currency
MXN
Project scope and objective
Habi, a Colombian and Mexican PropTech company, is building the digital infrastructure for an efficient residential real estate market in Latin America. Currently, Habi operates in more than 15 cities in Mexico and Colombia, purchasing and selling residential properties through its data-driven online platform which aims to improve transparency, speed, access to liquidity and trust for low- and middle-income consumers in the housing sector.
IDB Invest considers providing a senior asset-backed revolving credit facility in Mexican pesos to a special purpose vehicle to be incorporated in Mexico (the “Borrower”) for up to Mex$1,000,000,000 (the “Financing”). The Financing will be used to originate and accumulate in the Borrower eligible assets in order to support Habi’s expansion in Mexico.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
HABI - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
204.8 Kb
HABI - ENVIRONMENTAL AND ACTION PLAN (ESAP)
143.4 Kb