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
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B

Country

Mexico

Sector

Telecommunications, Media and Technology

Status

Proposed

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
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10/07/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Arauz, Gonzalo C.

Investment type

Syndicated amount

N/A

Financing amount

USD $ 49,683,000

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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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

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Habi Investors Relations

POSITION

ir@habi.co

PHONE NUMBER

+5568278686

EMAIL

reporting@habi.co

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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