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Banca Afirme - PYMEs

Sector: Commercial • Location: Mexico

Source: Inter-American Development Bank (IADB)

Project
Inactive

The proposed transaction consists of an unsecured financing to Banca Afirme, S.A., Institución de Banca Múltiple, (“Afirme” or the “Bank”) denominated in Mexican Pesos (“MXN”) for an amount of up to MXN600 million or up to the equivalent to US$30million with a tenor of up to four years. The purpose of the Project is to support the growth of the Bank’s Small and Medium-Sized Enterprises (“SMEs”) po

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Project Information

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The project “Banca Afirme - PYMEs” is an infrastructure initiative in the Commercial sector, located in Mexico. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

inactive

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Description

Description

The proposed transaction consists of an unsecured financing to Banca Afirme, S.A., Institución de Banca Múltiple, (“Afirme” or the “Bank”) denominated in Mexican Pesos (“MXN”) for an amount of up to MXN600 million or up to the equivalent to US$30million with a tenor of up to four years. The purpose of the Project is to support the growth of the Bank’s Small and Medium-Sized Enterprises (“SMEs”) portfolio with an emphasis on green lending projects. In addition, IDB Invest engagement will include advisory services to support the client in building a top-notch environmental and social management system, a system to adequately classify green lending projects, and advisory to strengthen internal capacities in order to generate a strong pipeline of green projects and position the Bank as a market leader in green lending.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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