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Company name

LGF Occidente, S.A. de C.V. SOFOM ENR

Project number

14339-01

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.

E&S category
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FI-3

País

Mexico

Sector

Digital Economy

Estado

Hold

Disclosed date

03/10/2023

N/A

Projected board date
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03/29/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

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Financing amount

USD $ 30,000,000

Currency

MXN

Project scope and objective

BID Invest está considerando otorgar un financiamiento estructurado a LGF Occidente, S.A. de C.V. SOFOM ENR (“Creditas México”), la plataforma on-line de préstamos con garantías hipotecarias y de automóviles en México. El uso de los fondos del financiamiento propuesto es para financiar el portafolio de préstamos originados por Creditas México y otorgados a microempresarios y propietarios de negocios pequeños. Creditas México ofrece préstamos a tasa asequible utilizando tecnología y análisis de datos para aumentar la eficiencia en los esfuerzos operativos y de distribución, y considerando el valor de garantía física.

 

El principal objetivo de la transacción propuesta es aumentar el acceso al financiamiento para microempresarios y propietarios de negocios pequeños. 

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Environmental and social review

CREDITAS MEXICO - STRUCTURED FINANCING - 14339-01 – RESUMEN REVISIÓN AMBIENTAL SOCIAL (RRAS)

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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