Company name
MCN Inversiones S.A.S
Project number
15365-01
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
Colombia
Sector
Digital Economy
Status
Proposed
Disclosed date
07/08/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/04/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
COP
Project scope and objective
Habi is a proptech company founded in 2019, operating in Colombia and Mexico, with the mission of facilitating the purchase and sale of homes, particularly in the low- and middle-income segments. Through a data-driven digital platform, it seeks to reduce information barriers and increase efficiency in the secondary housing market.
IDB Invest is supporting Habi Colombia through a structured credit line of up to US$25 million, with the possibility of an uncommitted second tranche for an equivalent amount. The financing is channeled through a special purpose vehicle (SPV) established as a trust in Colombia, where IDB Invest acts as the first beneficiary. The structure has a four-year term and a 24-month availability period, and will support structural working capital through the acquisition and accumulation of an eligible housing inventory, which will be managed and sold by Habi.
An innovative feature of this operation is the use of mortgages on the underlying assets as collateral, which significantly enhances legal certainty compared to previous models based on preventive notices. The funds will be used for the purchase, renovation, and resale of homes, thereby boosting the used housing market in urban areas of Colombia. In addition, Habi’s business model promotes job creation through networks of local contractors and independent real estate agents.
The main objective of this operation is to expand access to affordable housing and strengthen the liquidity of the Colombian real estate market. Through this financing, IDB Invest aims to support Habi’s sustainable growth, diversify its funding sources, and solidify its role as a strategic partner in digital housing solutions across Latin America.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
PHONE NUMBER
+57 300 9114406
POST OFFICE ADDRESS
Cl 93b #16-47, Bogotá, Colombia
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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 COLOMBIA ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
245.8 Kb
HABI COLOMBIA ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
92.2 Kb