Company name
Xante&VI, S.A.P.I. de C.V.
Project number
14776-01
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
Manufacturing
Status
In implementation
Disclosed date
02/14/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/06/2024
Approval date
08/06/2024
Signed date
04/07/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 25,643,100
Currency
MXN
Project scope and objective
The proposed financing consists of a loan convertible into shares of XANTE&VI S.A.P.I de C.V. for up to MXN 500 million. Through this facility, IDB Invest seeks to support business growth and cover its operating needs, including the acquisition, maintenance, and renovation of homes. The ultimate beneficiaries will be owners of existing homes in the affordable and middle-income segments seeking a source of high liquidity; and new buyers who will have access to a greater supply of affordable, quality housing.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
Av Via Real Mz 16 Lt 1 Local 1 Fracc Real del Sol Tecamac Estado de Mexico, 55770 Mexico
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(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.
XANTE - ENVIROMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
163.8 Kb