Controladora Mabe S.A. de C.V.

active

 This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723) and an additional increase approved on December 15, 2022. Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to large companies (“Buyers”) on open account terms. Under this project, IFC will provide financing to emerging markets suppliers of Controladora Mabe S.A. de C.V.  Mabe is a leading global manufacturer and distributor of home appliances headquartered in Mexico City, Mexico. The proposed supply chain finance facility (‘the project”) within the GTSF is expected to be US$50 million.Under the Project, IFC will discount invoices owed by Mabe to its primary suppliers on the E-Factor Network platform (“EFN”), currently a portfolio client through an IFC equity investment. EFN is an independent Mexican supply chain finance platform with experience in the electronic factoring business. At invoice maturity, IFC will receive payment of the full invoice value from Mabe via the EFN platform.Eligible suppliers will include only those rated green or yellow under Mabe's E&S criteria. Suppliers where at least one critical non-conformity is identified (red flags), will not be eligible to receive financing under this facility.